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
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.
SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.