Steel Products Prices North America

Comparison Price Indices: Another Slippery Week

June 4, 2017

Flat rolled steel prices continued their decline this past week. We saw numbers sliding on all products on the indexes followed by Steel Market Update. Steel prices dropped on hot rolled, cold rolled, galvanized and Galvalume as well as plate products.

Benchmark hot rolled pricing dropped $15 per ton to an average of $580 per ton on SMU index and $5 per ton to $590 at Platts. SteelBenchmarker did not report prices this week as they only report twice per month.

Cold rolled prices slipped $5 per ton on both SMU and the Platts indexes. There is now a $15 per ton spread between the two indexes with SMU showing the cold rolled average as being $775 per ton and Platts at $790 per ton.

Galvanized was down $5 per ton with .060” G90 (extras used shown below) now averaging $853 per ton while Galvalume average on .0142” AZ50, Grade 80 is now $1081 per ton (extras used shown below table).

Plate prices remained stable according to the Steel Market Update index with discreet plate averaging $740 per ton delivered to the customer. Platts, whose prices is based on FOB Southeastern Mill, was down $20 per ton to $710 per ton.

SMU Note: Galvanized prices include $78 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.

Plate price FOB points are different for each of the indexes:

SMU: FOB Delivered to the Customer (includes freight)
Platts: FOB Southeaster Mill (does not include freight)

Note that SteelBenchmarker produces numbers twice per month. On the weeks they produce numbers we will include them in the average. The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.