Steel Products Prices North America

Comparison Prices Indices: Slip Sliding Away
Written by John Packard
August 23, 2015
With the exception of Platts, all of the other indexes reporting (and followed by SMU) saw flat rolled products as losing ground this past week.
Steel Market Update (SMU) is leading the way with their benchmark hot rolled coil (HRC) average dropping by $10 per ton to $450 per ton. This is $5 higher than the low for the year which was produced at the end of April. CRU also saw HRC as being lower dropping their index by $7 per ton to $459 per ton. Platts kept their average the same at $465 per ton.
Cold rolled had similar results as hot rolled. SMU and CRU both saw CRC as being down modestly for the week ($5 and $4 respectively). Platts kept their number the same at $585 per ton.
SMU & CRU both saw galvanized prices as being lower by $5 and $4 respectively. However, there is an eleven dollar per ton spread between the two indexes.
SMU also saw Galvalume prices as being $5 per ton lower than the prior week.
Both CRU and Platts saw plate prices as being lower this past week. CRU saw plate down $7 per ton to $537 per ton while Platts dropped their index by $10 per ton to $535 per ton.
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 […]