Steel Products Prices North America

Comparison Price Indices - On Fire!
Written by John Packard
March 11, 2018
With the final announcement of Section 232 steel tariffs, we saw steel prices spike (again) with double-digit gains on most products followed by Steel Market Update. The prices referenced in the table below are through the week ending March 10, 2018.
Hot rolled prices surged with Platts recording their average as $850 per ton by the end of the week. Steel Market Update pegged our average slightly lower at $820 per ton. However, by the end of the week SMU was capturing offers out of two mills at $870 and $880 per ton ($43.50/cwt and $44.00/cwt FOB Mill). We anticipate prices on our index will rise when we begin collecting data early this week.
Cold rolled prices also rose with Platts taking their number to $954 per ton, while SMU was at $910 per ton on Tuesday based on the prices collected from our SMU survey, which began on Monday of this past week.
Galvanized .060” G90 also increased with SMU moving up $10 per ton to $991 per ton, while Platts numbers rose by $39 per ton to $1,008 (Platts only produces the GI index average once per month).
Galvalume .0142” AZ50, Grade 80 was also higher by $15 per ton to $1,206 per ton.
Plate prices rose, as well, with SMU taking our number up $20 to $895 per ton, while Platts plate number rose by $40 per ton by the end of the week to $914 per ton.
SMU Note: Galvanized prices include $86 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 Midwest Mill (includes 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 The weeks where they do not produce numbers (NA = not available), we will not include their outdated numbers in the CPI average.

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 […]