Steel Products Prices North America
SMU Survey: Service Center Spot Prices Falling
Written by John Packard
September 11, 2018
Manufacturing companies and service centers are in agreement, service center spot prices to their customers are negotiable and dropping.
Our most recent flat rolled steel market analysis conducted this past week found a growing percentage of manufacturing companies reporting their service center suppliers as lowering spot steel prices. At the beginning of July 2018, there were no manufacturing companies reporting prices as dropping from their service center suppliers. By mid-August, 17 percent of the manufacturers were reporting prices as falling. Last week that percentage increased 31 percent.
Steel distributors agreed with their manufacturing customers as 35 percent of service centers reported spot prices as moving lower than what they were quoting two weeks ago. This is more than double the 16 percent who reported higher spot prices during the middle of August analysis.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
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 […]
ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]