Steel Products Prices North America
Comparison Price Indices: Slow Slide Continues
Written by John Packard
September 20, 2015
Flat rolled and plate prices continued to slip as all of the indexes followed by Steel Market Update reported pricing this week.
The CPI benchmark hot rolled average dropped $2 to end the week at $446 per ton ($22.30/cwt). We now have SMU with the lowest average at $440 per ton followed by Platts ($445), CRU ($449) and SteelBenchmarker ($451).
Cold rolled prices moved lower on three of the four indexes. Platts now has the lowest average price on their index at $560 per ton ($28.00/cwt) followed by SMU ($570), SteelBenchmarker ($574) and CRU which actually saw prices up $5 per ton this past week ($578).
SMU and CRU saw galvanized prices moving in opposite directions with SMU down $5 per ton to $629 per ton for .060” G90 while CRU had prices moving higher by $4 per ton to $646 per ton.
Galvalume prices for .0142” AZ50, Grade 80 were $8 per ton lower this past week than the week prior.
Plate prices were seen as down big by all three of the indexes following the product. Platts has the lowest average at $515 per ton (down $10) followed by CRU at $519 (down $12) and SteelBenchmarker at $553 (down $12).
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 […]