Steel Products Prices North America
SMU Adjusts Lower End of Hot Rolled Pricing
Written by John Packard
October 8, 2017
On Tuesday of this past week, Steel Market Update (SMU) advised our readers that our range on hot rolled pricing was $580-$630 per ton with an average of $605 per ton ($30.25/cwt). As the week progressed, we received more information that has caused us to drop the lower end of our range to $560 per ton ($28.00/cwt) and our average is now $595 per ton ($29.75/cwt) based on our new range being $560 to $630 per ton.
The SMU Price Momentum Indicator continues to point toward lower prices over the next 30 days.
We will review all flat rolled and plate products again on Monday and Tuesday of this coming week to determine if there is further movement in HRC, CRC, galvanized, Galvalume and discrete plate pricing.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.