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).
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Latest in Steel Products Prices North America
HRC vs. CRC price spread jumps in second week of new year
The spread between cold-rolled coil (CRC) and hot-rolled coil (HRC) prices jumped during the week of Jan. 8 as cold rolled tags continued to rise while hot rolled tags held steady.
Cliffs increases sheet prices again, seeks $1,150/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,150 per ton for hot-rolled coil (HRC), according to a press release on Wednesday morning, Jan. 3.
Cliffs moves sheet prices higher, seeks $1,100/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC).
SMU price ranges: Sheet surge continues on limited spot availability
Sheet prices shot higher again this week on the heels of another round of mill price increases as well as on reports of production and supply chain issues at certain domestic producers.
Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.