Steel Products
SMU Comparison Price Indices: Have We Reached the Peak?
Written by John Packard
August 12, 2013
By John Packard
Have flat rolled steel prices reached their peak? We captured mixed results in this week’s analysis of the indices followed by Steel Market Update. Platts Midwest hot rolled and cold rolled coils both shot up $12.50 per ton compared to where we had them one week ago. Steel Orbis numbers did not move. SteelBenchmarker did not provide new pricing and CRU, like SMU showed both slightly higher as well as slightly lower pricing on individual indices. All of the indices except Platts had hot rolled at $645 or $647 per ton.
FOB Points for each index:
SMU: Domestic Mill, East of the Rockies.
CRU: Midwest Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
SteelOrbis: Midwest Domestic Mill.
Platts: Northern Indiana Domestic Mill.
John Packard
Read more from John PackardLatest in Steel Products
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 […]
Galvanized steel demand unsteady amid lingering buyer fatigue: HARDI
Uneven demand for galvanized steel in June reflects a market that remains mired in uncertainty, according to industry sources.
OCTG industry salutes Customs for catching trade crooks
The US OCTG Manufacturers Association is commending US Customs for intercepting another Thai company's attempt to illegally transship Chinese oil pipe to the US.
Whirlpool says tariffs will bolster business
“Economically, the business case for products made in the us has become a lot more attractive," the CEO told Fox Business.
Worthington Enterprises buys Elgen Manufacturing
Worthington Enterprises acquires HVAC products maker Elgen Manufacturing.