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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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

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