Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/6de49c85f675fbb38017ea8e0aee6ccd.jpg)
Comparison Price Indices: Large Spread in HRC Indices
Written by John Packard
March 20, 2016
Flat rolled steel prices continue their march higher this past week. At least that is what our index is telling us. However, when we look at other indexes we do not always get the same picture. There seems to be a split in the numbers with some indexes showing benchmark hot rolled averaging $414 per ton (such as SteelBenchmarker shown below) while Platts and SMU have HRC at $430 per ton. The spread in the indexes has existed for a number of weeks.
We are seeing a similar spread in cold rolled with SMU ($595) and Platts ($590) much closer aligned than the $574 per ton that SteelBenchmarker reported this past week (SteelBenchmarker reports pricing twice per month while SMU is once per week and Platts is daily).
SMU saw .060” G90 galvanized up $5 per ton and .0142” AZ50, Grade 80 Galvalume as being up $5 per ton.
Plate prices were also referenced as being higher this past week with Platts taking plate up $10 per ton and SteelBenchmarker up $29 from their last reported price.
FOB Points for each index:
SMU: Domestic Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
Platts: Northern Indiana Domestic Mill.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.