Steel Products Prices North America
Comparison Price Indices: Basically a Flat Week
Written by John Packard
September 13, 2015
The flat rolled steel indexes followed by Steel Market Update saw prices as being relatively flat this past week with the exception of Platts which is playing catch-up as they move their prices to be more in line with the other indexes.
SMU kept all of our indices the same as the prior week as we adjusted our prices twice during that week (the last time being the Thursday before Labor Day Weekend). We now have our hot rolled price average at $440 per ton. Platts lowered their HRC number to $445 per ton and now CRU is the highest at $450 per ton (up $1 from the week before).
The indexes are all seeing cold rolled at $575 per ton (CRU down $5 others remained the same).
The galvanized spread is getting narrower as CRU adjusted their .060″ G90 pricing by $7 per ton down to $642 per ton. SMU average is $8 per ton less than the CRU number.
Galvalume also remained the same at $883.50 for .0142″ AZ 50, Grade 80 material.
Plate prices also remained the same at $525 for Platts and $531 for CRU.
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.
Note that SteelBenchmarker produces numbers twice per month. On the weeks they produce numbers we will include them in the average. The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.
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 […]