Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/5cfc11be89eeed6131ac8cfd690dd080.jpg)
Comparison Price Indices: Big Price Moves
Written by John Packard
April 17, 2016
All of the steel indexes we follow reported flat rolled steel prices this past week with each showing major double digit gains for the domestic steel mills hot rolled, cold rolled, galvanized, Galvalume and plate.
Hot rolled prices surged with each index reporting at least a $34 per ton increase (+$35 for Platts and +$40 for SMU). There is a significant difference between the various indexes with SteelBenchmarker having the lowest number on HRC. SMU and Platts collection techniques are more closely aligned resulting in HRC averages closer to $500 per ton (SMU $490 and Platts $505). We expect the HRC numbers to continue to rise in the coming days with the new price announcements out of virtually all of the domestic steel mills.
Cold rolled prices also rose this past week and, like hot rolled, there is a spread between the low end of the range (SteelBenchmarker) and the high end (Platts).
.060″ G90 galvanized numbers also rose by large double digit numbers as did Galvalume (.0142″ AZ50, Grade 80).
Plate pricing surged an average of $40 per ton with Platts up $35 to $575 per ton and SteelBenchmarker up $45 to $563 per ton.
It is important to point out that SteelBenchmarker only reports pricing twice per month while SMU is weekly and Platts is daily.
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.