Steel Products Prices North America
Comparison Price Indices: Mixed This Past Week
Written by John Packard
April 15, 2018
Flat rolled and plate steel prices were mixed this past week. Benchmark hot rolled price averages ranged from a low of $854 per ton (SteelBenchmarker) to a high of $882 per ton (Platts) with Steel Market Update reporting our average last week as $870 per ton, unchanged from the week prior.
Cold rolled averages ranged from a low of $977 per ton (SteelBenchmarker), while SMU and Platts were close at $1,005 and $1,009, respectively.
Both SMU and Platts saw galvanized prices as lower with SMU down $5 to $1,101 per ton and Platts down $8 to $1,108 per ton. Both are based on .060” G90 and include the zinc extra.
Galvalume .0142” AZ50, Grade 80 was reported up $10 by SMU to $1,321 per ton, including all extras.
Plate prices came in at an average of $936 per ton, FOB Mill by SteelBenchmarker and $960 and $970 per ton delivered by Platts and SMU.
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)
SteelBenchmarker: Domestic Mill, East of the Mississippi (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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.
Nucor’s HR spot price unchanged for 5th week
Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.
SMU price ranges: Market stable amid post-Thanksgiving glut
Steel sheet prices remain at or near multi-month lows, while plate prices continue edging lower from their mid-2022 peak.
Nucor again holds HR spot price at $750/ton
For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.
SMU Community Chat: Timna Tanners on ‘Trumplications’ for steel in 2025
Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.