Steel Products Prices North America
SMU Adjusts Lower End of Hot Rolled Range Dropping Our HRC Price Average
Written by John Packard
July 30, 2015
Steel Market Update (SMU) published our hot rolled range as remaining the same as the prior week at $450-$480 per ton. We continued to collect data as the week has progressed and we received a number of data points at $440 for the low end of the range.
We are adjusting our hot rolled price range from $440 to $480 per ton with a new average of $460 per ton which is $5 per ton lower than earlier this week and down $5 per ton from what we posted on July 21st.
Since July 14th we have now posted two weeks where hot rolled pricing has dropped by $5 per ton.
We will continue to canvass the market and will advise of any changes as needed.
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 […]