Steel Products Prices North America
SMU Comparison Price Indices: Mixed Results
Written by John Packard
November 23, 2014
Flat rolled steel prices, as reported by Steel Market Update, Platts, CRU this past week (SteelBenchmarker did not report last week) had mixed results. CRU and SMU have hot rolled prices at $634 and $635 respectively. Platts remains stuck at $640 as they have been for a number of weeks now. SteelBenchmarker did not report pricing as they only produce prices twice per month.
Using SMU, Platts and CRU the HRC average is now $636 per ton.
Cold rolled prices actually rose on both SMU and CRU indexes. They are now $755 and $761 respectively. Platts remained at $765 per ton.
Galvanized .060″ G90 remained essentially unchanged although there is a significant spread between CRU at $825 per ton (up $1) and SMU at $799 per ton (unchanged).
SMU had Galvalume as being down $10 per ton this past week which is probably due to an adjustment in the number of price points received last week during the survey process.
CRU had plate prices as being $15 per ton lower than the prior week. Platts kept their plate prices steady.
FOB Points for each index:
SMU: Domestic Mill, East of the Rockies.
CRU: Midwest Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
Platts: Northern Indiana Domestic Mill.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]