SMU Comparison Price Indices: HRC Breaks Into 2 Camps

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 are in the low to mid $620’s. The tightest spread is on Galvalume at $10 per ton. As you can see by the table below many of indices reported no change to their assessments this past week.