Steel Products
2012 Pricing in Review
Written by John Packard
January 2, 2013
Hot rolled coil average $655 per ton according to Steel Market Update (SMU) monthly average price assessments. SMU was $1 off the CRU ($656 per ton) monthly settlements against the CME HRC contract once all the numbers had been crunched. For those who are unaware, SMU publishes our indices on Tuesdays prior to the CRU assessments which are published on Wednesday mornings.
Cold rolled averaged $759 per ton for calendar year 2012 after averaging $838 per ton at the end of January with the low point being $713 per ton achieved during the month of June.
Galvanized averaged $818 per ton for .060” G90 with $60 per ton of extras built into the price during the entire calendar year. This means galvanized averaged $37.90/cwt base price + $3.00/cwt in coating extras during the calendar year. The peak was at the end of January when GI averaged $897 per ton ($41.85/cwt base price + extras) while the low was at the end of June and July when prices averaged $780 per ton ($36.00/cwt base + extras).
Galvalume averaged $1,055 per ton.
John Packard
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