SMU Data and Models
SMU Comparison Price Indices: Price Rise Slowing Down
Written by John Packard
November 3, 2013
The flow of higher pricing slowed this past week as a number of indices – including Platts – did not move their flat rolled steel price assessments compared to the previous week. The range between high and low on benchmark hot rolled coils shrunk to $6 per ton with Steel Market Update being in the unusual position of being the highest and CRU the lowest. The widest variance was the $830 galvanized number provided by SMU versus the $810 pricing delivered by Steel Orbis.
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: Within 200-300 mile radius of Northern Indiana Domestic Mill.
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU Market Survey Results Now Available
The latest SMU Market Survey results are now available on our website to all Premium members.
UAW Strike Hasn’t Dampened SMU Buyers Sentiment Indices
SMU's Current and Future Steel Buyers Sentiment Indices both increased this week despite the United Auto Workers (UAW) union strike expansion, based on our most recent survey data.
Sheet Lead Times Mixed, Plate Plummets
While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.
US Hot Band Now Even Cheaper Than Imported HRC
US hot-rolled coil (HRC) prices fell further relative to imported product this week. Domestic hot band remains cheaper than offshore HRC as US tags continue to sink at a sharper rate than those overseas.
Service Center Shipments and Inventories Report for August
Flat Rolled = 54.1 Shipping Days of Supply Plate = 61.2 Shipping Days of Supply Flat Rolled US service center flat-rolled steel inventories eased back in August with stronger shipments. At the end of August, service centers carried 54.1 shipping days of supply, according to adjusted SMU data, down from 56.1 shipping days of supply […]