Steel Products Prices North America

Comparison Price Indices: Essentially Unchanged

Written by John Packard

January 29, 2017

Flat rolled steel prices were essentially unchanged on the Platts and SMU indexes while SteelBenchmarker, which only produces their indices twice per month, played catch up. The three steel indexes agreed that benchmark hot rolled coil was averaging $630 per ton ($629 was the average of the three indexes) or $31.50/cwt.

Cold rolled was unchanged at $830 per ton ($41.50/cwt) at Platts and SMU while SteelBenchmarker lagged at $817 per ton.

Coated products – galvanized and Galvalume – were unchanged. Note that the galvanized number is for .060″ G90 and Galvalume is .0142″ AZ50, Grade 80 (the extras for each are shown after the table below).

Plate prices increased on both Platts ($650) and SteelBenchmarker ($678) by approximately $40 per ton ($2.00/cwt).

Please be advised that we have our price ranges and indices in the Pricing section of our website. There you can find base prices as well as benchmark items. The data can be manipulated in a number of ways for those of you who have questions about historical pricing or a specific time frame for comparison purposes. If you need help to find or use the data on our website please contact Brett Linton at Brett@SteelMarketUpdate.com.

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

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