Holiday Schedule for Steel Market Update: We will produce a short version of our newsletter on Sunday evening, July 2. We will not produce a newsletter on Tuesday, July 4, and our offices will be closed on both Monday and Tuesday of next week in observance of the Fourth of July Holiday in the USA and […]
Flat rolled steel prices had another mixed week of results based on our analysis of the steel indexes reporting last week. Hot rolled prices were up slightly on both the Steel Market Update (SMU) index as well as Platts. SMU saw the market as averaging $600 per ton, while Platts had it at $605 per […]
Two of the three steel indexes followed by Steel Market Update saw flat rolled prices as rising last week and steel plate prices sideways or down. The third index, SteelBenchmarker only produces their average steel prices twice per month and they saw the market as being lower on all products last week. Hot rolled averages […]
The slide in flat rolled steel prices was curtailed compared to previous weeks as prices on hot rolled, cold rolled, galvanized, Galvalume moved sideways to slightly lower while plate was sideways to slightly higher. All of the major flat rolled steel mills in the United States announced flat rolled price increases on Monday and Tuesday […]
For those of you either attending or thinking of attending the 2017 SMU Steel Summit Conference in Atlanta on August 28, 29 & 30th our room block at the host hotel, which is the Atlanta Airport Marriott Gateway Hotel located next to the Georgia International Convention Center (GICC). Even though our room block is complete […]
Flat rolled steel prices continued their decline this past week. We saw numbers sliding on all products on the indexes followed by Steel Market Update. Steel prices dropped on hot rolled, cold rolled, galvanized and Galvalume as well as plate products. Benchmark hot rolled pricing dropped $15 per ton to an average of $580 per […]
Flat rolled steel prices dropped last week as all three of the indexes followed by Steel Market Update (SMU) reported lower pricing. Benchmark hot rolled prices dropped by double digits last week with SMU and Platts at $595 per ton as the week ended and SteelBenchmarker dropping $12 per ton to $611 per ton. The […]
Flat rolled steel prices continued to slip lower this past week according to the steel indexes followed by Steel Market Update. Benchmark hot rolled prices slipped $5 per ton on both Platts and our own index. SteelBenchmarker did not report prices as they only produce prices twice per week. The hot rolled average is quickly […]
Hot rolled prices have been dropping over the past few weeks and that trend continued with all three steel indexes followed by Steel Market Update reporting lower hot rolled coil price averages last week. Steel Market Update’s (SMU) own index saw HRC prices as being down $15 per ton ($0.75/cwt) to $610 per ton ($30.50/cwt). […]
Last week we saw adjustments to the indices that brought the Steel Market Update and Platts numbers closer to one another. Hot rolled is now averaging $625 per ton ($31.25/cwt) on both SMU and Platts (SteelBenchmarker did not provide numbers last week as they only publish their indices twice per month). The spread between the […]
Steel prices were down across the board this past week according to the indexes followed by Steel Market Update. The biggest drops were on our own indices as we saw large moves in hot rolled, cold rolled and galvanized steel with a smaller move in Galvalume. Our plate prices were up slightly as we continue […]
Flat rolled spot prices are slipping based on an analysis of the Steel Market Update (SMU) and Platts flat rolled steel indexes. We found lower average pricing on hot rolled and cold rolled this week with no movement in galvanized and Galvalume. SMU had plate prices down $20 per ton while Platts kept plate prices […]
We saw mixed results this past week regarding flat rolled steel spot prices in North America. Steel Market Update (SMU) only moved one index (hot rolled +$10) while all of the other products remained the same as the prior week. SteelBenchmarker, which only produces pricing twice per month, reported hot rolled and cold rolled prices […]
Flat rolled steel prices dropped significantly on the SMU Index while Platts had prices much more stable with hot rolled moving lower on Friday by $5 per ton and cold rolled, which had dropped earlier in the week, bouncing back to the same levels reported the week before last. We seem to be in a […]
SMU saw the flat rolled steel markets as flat to slightly down while SteelBenchmarker was mixed and Platts had hot rolled and cold rolled prices increasing by $10 per ton. Sounds like a confusing market but, when looking closer at the actual numbers it really isn’t. Benchmark hot rolled coil (HRC) was reported to average […]
Flat rolled steel prices saw modest moves this past week according to Steel Market Update (SMU) and Platts steel indexes. The two strongest products were cold rolled and galvanized each up $15 per ton for the week. Benchmark hot rolled pricing was up $5 per ton on Platts to $650 per ton and $10 per […]
You will notice a couple of changes in our Comparison Price Indices (CPI) report. The U.S. and Canadian steel mills have adjusted their extras for placing zinc on the surface of steel (galvanized). One of the items referenced in the CPI is .060” G90 which prior to this week was based on a $3.45/cwt ($69 […]
Flat rolled prices have begun to move higher based on the most recent analysis of the steel price indexes from last week that are followed by Steel Market Update (SMU). Benchmark hot rolled prices were up $10 per ton on our own index while Platts took their average up $7.50 per ton by the end […]
Flat rolled steel prices rose this past week on every item with the exception of the SteelBenchmarker hot rolled index. Steel Market Update (SMU) saw benchmark hot rolled as up $25 per ton to $625 per ton. Platts moved up $5 per ton to $630 per ton and SteelBenchmarker, who reports prices twice per month, […]
A number of steel mills increased flat rolled steel prices, or provided price guidance higher than what was being collected in the spot markets, this past week. Steel buyers are telling SMU that there is a good chance the erosion of steel prices will cease because of these moves by the domestic steel mills. Steel […]
Flat rolled steel spot prices have recently given back some of the gains made since the first price announcements were announced by U.S. steel mills in late October. In the past 13 weeks flat rolled prices increased by $160 per ton or more depending on product and the starting point for any specific steel buyer. […]
We saw some “minor” slippage in flat rolled steel pricing this past week. When reviewing Platts (SteelBenchmarker did not report prices this past week) and our own steel indices we saw movement in hot rolled, cold rolled as stable, movement in galvanized and Galvalume and plate were stable. Hot rolled prices were down $10 per […]
Flat rolled steel prices may have peaked based on the results of the two steel indexes followed by Steel Market Update who reported flat rolled steel prices this past week. Platts reported prices as remaining the same on all flat rolled products but up $40 per ton on plate. Steel Market Update (SMU) collected data […]
Flat rolled steel prices were essentially unchanged on the Platts and SMU indexes while SteelBenchmarker, which only produces their indices twice per month, played catch up. The three steel indexes agreed that benchmark hot rolled coil was averaging $630 per ton ($629 was the average of the three indexes) or $31.50/cwt. Cold rolled was unchanged […]
Only two of the steel indexes followed by Steel Market Update reported prices this past week (SteelBenchmarker only reports twice per month). We saw mixed results with Platts taking their hot rolled average to $630 per ton (up $20) while our SMU HRC index average was up $5 per ton to $625 per ton. Platts […]
Flat rolled steel and plate prices continued their march higher this past week based on the steel price indexes followed by Steel Market Update. Benchmark hot rolled coil (HRC) which is the base thickness prior to extras being added, is working its way toward the latest “minimums” set out by ArcelorMittal in their recent price […]
OK, don’t get freaked out (yet) as the new flat rolled steel base price increases aren’t really impacting the numbers for this week. However, there were a couple of steel mills already seeking higher hot rolled, cold rolled and coated prices prior to the announcement. We did collect some of that data in tonight’s steel […]
There was very little movement in flat rolled steel prices according to the Platts and Steel Market Update steel indexes. This is expected to change as we move into the second week of the New Year as AK Steel announced a new $40 per ton price increase on Friday. Benchmark hot rolled is being reported […]
When we ended 2015 benchmark hot rolled base prices averaged $375 per ton ($18.75/cwt), cold rolled base average was $515 per ton ($25.75/cwt) and the spread between HRC and CRC base prices was $140 per ton ($7.00/cwt). Galvanized base prices averaged $510 per ton ($25.50/cwt) and the spread between HRC base and that of Galvanized […]
We ended 2016 with a semblance of agreement as to where flat rolled steel prices stood. The table below is for last week and does not include price adjustments that may have been made this week. Hot rolled prices now average more than $600 per ton with SMU at $610 per ton and SteelBenchmarker $608 […]