Comparison Price Indices: Double Digit Drops

Cold rolled averages were also lower with SMU showing the product as being $765 per ton or $25 per ton less expensive than one week ago, SteelBenchmarker at $775 per ton was down $19 per ton and Platts took their CRC numbers down by $10 per ton to $765 per ton over the course of this past week. The average of the three indexes is $768 per ton.

Galvanized was reported by SMU as being $810 per ton ($40.50/cwt) for .060″ G90. This is $25 per ton lower than one week ago.

Galvalume .0142″ AZ50, Grade 80 was also down this past week as our index has the product at $1049 per ton ($52.45/cwt) which is $28 per ton lower than one week ago.

Plate prices have been dropping on the Platts index which has the product at $535 per ton ($26.75/cwt) which is $25 per ton lower than the previous week. SteelBenchmarker, on the other hand, has the product up $3 per ton to $586 per ton ($29.30/cwt). There is a $51 per ton variance between the two indexes so we will leave it to the buyers to discern which index is more accurate from your perspective.

We apologize for not displaying our Comparison Price Indices table this week. The person in our office responsible for making the graphics for this report is on a well deserved vacation and was unable to put the last minute changes into the table.

FOB Points for each index:

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