Steel Products Prices North America
Comparison Price Indices: Bottoms Up...?
Written by John Packard
October 29, 2017
Flat rolled steel prices were seen as bouncing higher, according to the Platts steel indices. Platts had hot rolled up $22 per ton to $613.75 (we rounded it to $614), while SteelBenchmarker was down $10 to $600 per ton. Steel Market Update reported HRC down $5 to $580 per ton.
We saw a similar change in cold rolled with Platts taking their numbers up $16 per ton to $806.50 (we rounded to $807 per ton), with SMU down $25 to $755 per ton and SteelBenchmarker down $16 to $765 per ton.
Galvanized and Galvalume were seen as not changing last week compared to the prior week.
Plate was mixed with Platts down $12 per ton to $612.50 (rounded to $613) and SteelBenchmarker was up $15 to $684 per ton. Both of those indices are FOB Mill. SMU saw no change as we remained at $650 per ton freight prepaid (delivered) to the end customer.
The expectation is for numbers to move higher from here due to the price increases announced by the domestic mills. Steel Market Update, however, has not adjusted our Price Momentum Indicator to Higher from Neutral as we want to see what the respondents to our early November survey have to say. That survey will begin tomorrow (Monday), and we will have a much better feel for Momentum by the end of the day.
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 Southeastern Mill (does not include freight)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]