Steel Products Prices North America

Comparison Price Indices: Only Minor Price Adjustments as Stability Continues

Written by John Packard

July 9, 2016

Flat rolled steel prices continued to trade within a relatively narrow range this past week according to the steel indexes followed by Steel Market Update.

Benchmark hot rolled coil was reported as being down $8 per ton by our own index while Platts has kept the product stable for yet another week. SMU HRC average is now referenced as being $620 per ton ($31.00/cwt) as industry sources are advising the product as the weakest in the current market environment. Platts, at $630 per ton ($31.50/cwt), is slightly higher.

Cold rolled prices average $825 per ton ($41.25/cwt) according to SMU index which was down $5 per ton for the week. Platts, on the other hand, has kept prices stable at $830 per ton ($41.50/cwt).

Our galvanized average is based on .060” G90 and this week came in at $890 per ton ($44.50/cwt)  unchanged from the prior week.

Galvalume average pricing is based on .0142” AZ50, Grade 80 and came in at $1131 per ton this past week, unchanged from the previous week.

FOB Points for each index:

SMU: Domestic Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
Platts: Northern Indiana Domestic Mill.

Note that SteelBenchmarker produces numbers twice per month. On the weeks they produce numbers we will include them in the average. The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.

John Packard

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