Prices crept up on most of the indexes watched by Steel Market Update on a regular basis – even the straggler, Steel Orbis, raised their indices last week. CRU and Steel Orbis are at the low end of the range for Benchmark hot rolled with SMU and SteelBenchmarker somewhere in the middle and Platts at […]
After speaking with Platts on Friday – Mr. Surma of US Steel was correct in his call with analysts, there is one index which has hot rolled coil (Midwest) at $630 this week. A split has developed amongst the indexes as various price points have been gathered over the past week to ten days (depending […]
At the moment we have broken into two camps when it comes to hot rolled coil – the CRU and SteelBenchmarker (which did not report prices this past week) who both pegged their HRC prices in the mid-$630’s – and the rest of the indexes we follow on a regular basis and ourselves (SMU) who […]
Platts may be providing a hint as to what we will see coming from the other indices as we enter a full week. SMU did see weakness in our steel survey but we have decided not to make any adjustments in our index until Tuesday evening since last week was 1) a short week and, […]