Steel Products Prices North America
Flat Rolled Pricing Cycle Rises as Spot Price Gains Made During October
Written by John Packard
November 4, 2013
As we entered the month of October, flat rolled prices had been trending sideways for a number of weeks. On October 1st Steel Market Update measured benchmark hot rolled coil with an average of $635 per ton which was actually down slightly from the $640 recorded at the end of September.
However, the mills had announced new price increases during that first week and prices began to rise as the month progressed. By the end of the month spot hot rolled prices had risen to $665 per ton, up $25 per ton since the beginning of the month.
Cold rolled, which began the month at $745 per ton rose $20 per ton to $765 per ton.
Galvanized .060” G90 pricing also rose $20 per ton during the month having begun the month at $810 per ton and ending the month at $830 per ton.
Galvalume .0142” AZ50 Grade 80 went from $1041 per ton during the first week of October to $1056 by the end of the month (up $15 per ton).
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.
Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.
HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.