Steel Products Prices North America

Comparison Price Indices: Down Across the Board

October 1, 2017

Flat rolled steel prices slipped across the board this past week. All three steel indexes followed by Steel Market Update (SMU) saw prices as being down from as little as $1 per ton to as much as $20 per ton.

Benchmark hot rolled continues to close in on $600 per ton with SMU down $5 to $610 per ton, Platts down $5 to $615 per ton and SteelBenchmarker (which only produces prices twice per month) down $11 at $626 per ton.

Cold rolled broke through $800 per ton on one of the three indexes. SMU was down $20 to $780 per ton followed by SteelBenchmarker at $797 per ton. Platts continued above $800 at $805 per ton, unchanged from the previous week.

Both coated products – galvanized .060″ G90 and Galvalume .0142″ AZ50 Grade 80 were both down $10 per ton.

Plate was mixed with SMU up $5, Platts unchanged and SteelBenchmarker down $18.

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)