Steel Products Prices North America
Comparison Price Indices: Small Price Bumps Last Week
Written by John Packard
December 27, 2016
The following Comparison Price Indices (CPI) is analyzing prices supplied to the steel industry for the week ending December 23rd and does not include price changes from this week.
At the end of this past week both Platts and Steel Market Update had hot rolled prices as averaging $595 per ton ($29.75/cwt). SteelBenchmarker did not produce new steel prices last week so they were removed from the weekly analysis since their out of date numbers would impact our averages.
Cold rolled was up $5 per ton to $805 per ton at Steel Market Update while Platts remained the same at $810 per ton. Our average was up $3 per ton to $808 per ton ($40.40/cwt).
SMU saw galvanized numbers as being up $15 per ton compared to the week ending December 16th. The $884 per ton number is for .060” G90 and includes the $69 per ton extra for coating.
We also saw Galvalume as being $20 per ton higher than the prior week. The $1111 per ton price is based on .0142″ AZ50 Grade 80 which carries $291 per ton in extras.
Plate prices remained the same at $590 per ton (Platts).
SMU Note: Galvanized prices include $69 in extras for a .060″ G90 product. Galvalume prices include $291 in extras for a .0142” AZ50 Grade 80 product.
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 […]