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
Final Thoughts
The difference: The spat with Turkey was a big deal for steel. This time, the 50% reciprocal tariff for Brazil – if it goes into effect as threatened on Aug.1 – hits everything from coffee and to pig iron. It seems almost custom-built to inflict as much pain as possible on Brazil.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
CRU: Excessive global supply could hit rebar mill investments in US
Following the onset of the war in Ukraine in March 2022, concerns about import availability and expectations of rising demand from President Biden’s Infrastructure Bill pushed US rebar prices to record highs. In response, a flurry of new mills and capacity expansions were announced to meet the rise in demand from growth in the construction […]
Steel buyer spirits tempered by soft spot market conditions
Steel sheet buyers report feeling bogged down by the ongoing stresses of stagnant demand, news fatigue, tariff negotiations or implementation timelines, and persistent macroeconomic uncertainty.
CRU: US stainless prices to rise on expanded S232 tariffs
Stainless prices in the US market will rise, following price increases by major US producers. Our base case scenario incorporates higher US prices in the near term, despite the initial negative reaction by the market. US stainless prices will go up in 2025 H2 and will stay elevated in 2026 as tariffs on stainless […]