Comparison Price Indices: Another Mixed Week

Cold rolled prices were unchanged on two of the indexes with SMU coming in at $800 per ton, the highest number of the three indexes. Platts was unchanged at $790 per ton and SteelBenchmarker was down $3 per ton and their average on CRC was $782 this past week.

Galvanized took a big drop as SMU picked up a number of end users and service centers reporting lower base prices on commodity grade coils. We did not see much of this in the northern markets of Chicago and east. The SMU GI average on .060” G90 is now $868 per ton.

Galvalume also slide slightly down $10 per ton ($.50/cwt) for the week with our benchmark .0142” AZ50, Grade 80 item coming in at $1096 per ton.

Plate prices, which we adjusted again on Wednesday in the early AM, was down $5 per ton to $735 per ton. Please note the SMU plate price is freight prepaid (delivered) to the customer and not FOB the mill as it is for SteelBenchmarker and Platts.

SteelBenchmarker had plate up $4 to $722 per ton while Platts was unchanged at $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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.