Steel Products Prices North America
Comparison Price Indices: Prices Stabilizing
Written by John Packard
February 14, 2016
Flat rolled steel prices are beginning to stabilize according to the most recent revisions in the flat rolled steel indices followed by Steel Market Update.
Benchmark hot rolled remained stuck at $410 per ton ($20.50/cwt) at both SMU and Platts while SteelBenchmarker, which reports prices twice per month, published their new HRC number as being $402 per ton.
Cold rolled had a mixed performance this past week with SMU taking our average up $10 per ton to $555 per ton ($27.75/cwt) while Platts remained at $560 and SteelBenchmarker was down $4 and came in at $542 per ton.
Galvanized pricing on .060” G90 remained at $615 per ton and Galvalume .0142” AZ50, Grade 80 at $856 per ton.
Plate prices were also essentially unchanged with Platts coming in at $480 per ton and SteelBenchmarker at $484 per ton.
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.