Steel Products Prices North America
Comparison Price Indices: Bottoming Out in Preparation for the Turn
Written by John Packard
October 30, 2016
Flat rolled steel prices are bottoming out and we are already seeing the potential for hot rolled being the first product to move higher. In the table below are the three steel indexes followed by Steel Market Update.
Platts was the first index to report hot rolled prices as moving higher this past week. At $475 per ton, Platts is up $5 per ton ($0.25/cwt) compared to the prior week. SMU kept our index the same at $470 per ton while SteelBenchmarker reported their prices as being $20 per ton lower but, at $496 per ton they are well above Platts and SMU.
Cold rolled is a little more consistent with SMU and SteelBenchmarker down to $685 and $686 per ton, respectively. Platts is $10 per ton above us at $695 per ton.
SMU took both galvanized and Galvalume index averages down while the big spread continued in plate. Platts had their plate average unchanged at $480 per ton.
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
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.
Nucor raises hot rolled spot price to $750/ton
Nucor raised its weekly consumer spot price (CSP) for HRC this week to $750/short ton.
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.