Steel Products Prices North America
Comparison Price Indices: Still Bouncing
Written by John Packard
July 5, 2016
Flat rolled steel prices seem to have stabilized, even if there was some see-sawing among the indexes followed by Steel Market Update this past week.
Benchmark hot rolled prices are hovering close to $630 per ton with SMU ($627.50 per ton), SteelBenchmarker ($627) and Platts ($630) all within $3 per ton of each other.
Last week Steel Market Update and Platts saw cold rolled at $830 per ton while SteelBenchmarker was $17 per ton lower at $813 per ton.
SMU saw galvanized at $890 for .060” G90. Our average was up $5 per ton but we don’t think that is an indicator that prices are going higher from here. We believe the market is in a period of stability and prices will bounce up and down depending on the number of data points we are able to collect.
Galvalume .0142” AZ50, Grade 80 was up $10 on our index but, like galvanized above we do not see this as a rising trend quite yet.
Plate prices were slightly lower on both Platts ($640) and SteelBenchmarker ($654).
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
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]