Steel Products Prices North America
Comparison Price Indices: Steel Prices Moving Higher in New Year
Written by John Packard
January 15, 2017
Flat rolled steel and plate prices continued their march higher this past week based on the steel price indexes followed by Steel Market Update.
Benchmark hot rolled coil (HRC) which is the base thickness prior to extras being added, is working its way toward the latest “minimums” set out by ArcelorMittal in their recent price announcement earlier this month. ArcelorMittal called for HRC to be sold at a minimum of $640 per ton ($32.00/cwt). SMU index was up $10 per ton to $620 per ton while Platts (up $10) and SteelBenchmarker (up $1) were at, or closer to, $610 per ton.
Cold rolled has a much wider spread between SteelBenchmarker and the other two indexes. SteelBenchmarker, which only produces price averages twice per month, saw cold rolled as averaging $788 per ton this past week. Platts at $820 and SMU at $825 per ton saw the market average as being significantly higher.
Galvanized and Galvalume continue to be the strongest of the flat rolled products with .060” G90 GI up $20 and .0142” AZ50, Grade 80 AZ up $30.
Plate prices also rallied with Platts at $610 and SteelBenchmarker and $639 per ton.
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 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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]
Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]
Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]