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
Read more from John PackardLatest in Steel Products
Ryerson reports net loss in Q3 as weak demand offsets tariff price support
Ryerson Holding Corp. Third quarter ended Sept. 30 2025 2024 Change Net sales $1,161.5 $1,126.6 3.1% Net earnings (loss) $(14.8) $(6.6) 124% Per diluted share $(0.46) $(0.20) 130% Nine months ended Sept. 30 Net sales $3,466.5 $3,591.3 -3.5% Net earnings (loss) $(18.5) $(4.3) 330% Per diluted share $(0.58) $(0.13) 346% (in millions of dollars except […]
HARDI: Galv demand improves in October, higher prices expected in new year
Participants on this month’s Heating Air-Conditioning & Refrigeration Distributors International (HARDI) Sheet Metal/Air Handling Council call expect galvanized steel base prices to firm up in the first quarter of 2026.
Global steel production falls to near two-year low in September
World crude steel output declined for the fourth-consecutive month in September, slipping 3% from August to an estimated 141.8 million metric tons (mt), according to the latest figures from the World Steel Association (worldsteel).
Market sources say regional activity is dictating plate demand
Demand for plate on the spot market remains soft by comparison to years past. However, this week regional demand variations grew more pronounced.
Battery #14 at USS Clairton to restart on Oct. 23
U.S. Steel plans to restart battery #14 at the Clairton Coke Works plant on Thursday, ending its idling period. Battery #14 was hot idled following the explosion at coke oven batteries 13 and 14 on Aug. 11. The Mon Valley Works Clairton plant has completed the necessary repairs. It expects the battery to restart during […]