Steel Products Prices North America
Comparison Price Indices: Prices Continue to Move
Written by John Packard
January 31, 2016
Flat rolled steel prices continue to move higher this past week, based on what we saw in the indices we follow on a regular basis (SteelBenchmarker reported prices this past week).
The weakest product continues to be hot rolled which has broken above the $400 level as the mills are pushing for $400-$420 per ton. The average of the three indexes referenced below is $405 per ton.
Cold rolled prices moved to an average of $544 per ton up $10 per ton over the prior week.
Galvanized and Galvalume prices both saw strong gains with galvanized being up $20 per ton (.060” G90 is the benchmark item for GI) and $25 per ton for Galvalume (.0142” AZ50 Grade 80 is benchmark used for AZ).
Plate prices rose on the SteelBenchmarker index (SteelBenchmarker reports twice per month) while they remain the same on Platts.
FOB Points for each index:
SMU: Domestic 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
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.