Steel Products Prices North America
Comparison Price Indices: Another Week of Wait and See
Written by John Packard
June 28, 2015
Benchmark hot rolled prices remain stuck at $465(ish) according to the four flat rolled steel indexes followed by Steel Market Update. Platts rose $3 last week and reported $465 per ton HRC as did Steel Market Update, which was unchanged from the prior week. CRU was down $3 per ton to $460 per ton and SteelBenchmarker reported $466 per ton. Our average came in at $464 per ton, unchanged from the previous week.
Cold rolled saw three of the four indexes moving higher with one, CRU, up $13 per ton from the previous week. The other three indexes reported $585 per ton (SMU/Platts) and $587 per ton. The average for CRC rose $4 per ton to $588 per ton.
Both CRU and SMU saw galvanized .060” G90 as being close to $660 per ton. SMU was $659 down $5 per ton while CRU reported GI at $662 per ton, up $5 per ton.
Galvalume .0142” AZ50, Grade 80 remained unchanged at $891 per ton.
Plate prices ranged from $560 per ton (CRU) to a high of $585 per ton (Platts) with the average dropping $3 per ton to $570 per ton.
We advise our readers not to be too concerned when prices bounce up and down $5 per ton or less on a weekly basis. We believe this is due to just the way the numbers are being collected on a weekly basis and have less to do with prices eroding at this point in time (however, they aren’t busting out to the high side either).
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
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