Steel Products Prices North America
SMU Comparison Price Indices: $600 Hot Rolled Within Reach…
Written by John Packard
December 21, 2014
All of the flat rolled steel indexes which reported pricing this past week saw benchmark hot rolled prices as being down and another step closer to touching $600 per ton. From Steel Market Update’s vantage point, the lower end of our range has broken down to $580 per ton ($29.00/cwt). Our HRC average for the week is down $5 per ton.
CRU was down $9 per ton and Platts $3 per ton compared to where they were one week earlier. SteelBenchmarker did not report prices last week and continues to be well outside the market ranges at $640 per ton.
Cold rolled dropped $10 per ton according to our index and $6 per ton at CRU. Platts kept their CRC price average the same as what they reported the previous week.
We did see Platts drop plate prices to $790 per ton, down $20 per ton compared to the prior week. They are still well off the plate averages being touted by CRU which was down $13 per ton to $762 per ton.
SMU kept galvanized and Galvalume prices unchanged from the prior week. CRU, which is $14 per ton higher than SMU on Galvanized did see the market down $10 last week.
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 slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
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 […]