Comparison Price Indices: Catching Up

Benchmark hot rolled coil was reported to be averaging $525 per ton by SMU and $530 per ton by Platts. In the SMU reporting of prices for the second week we advised of prices as low as $500 per ton ($25.00/cwt) and we have seen reports of prices below $500 per ton for large tonnage buys. Platts reported their average as being down $20 per ton from the prior week and now averages $530 per ton.

The cold rolled average was reported to be lower by both SMU and Platts this past week. SMU had CR down $5 to $760 per ton ($38.00/cwt base) while Platts had it down $10 to $765 per ton.

G90 galvanized (.060″ with a $60 per ton extra for zinc) was reported to be averaging $810 per ton or $37.50/cwt base.

Galvalume was reported by SMU as averaging $1048.50 per ton $52.43/cwt for .0142″ AZ50, Grade 80.

Platts had their plate prices as averaging $25 per ton lower than the week before last 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.