SMU Data and Models
SMU Comparison Price Indices: Quiet Week
Written by John Packard
December 1, 2013
Steel Market Update (SMU) follows four other indices besides our own and provides the data to our members on a weekly basis. Recently, we asked our readers if they would like for us to continue providing CRU data and the responses indicated there continues to be an interest in their numbers. We have agreed to a new contact with CRU and will continue to supply the numbers over the next 12 months.
With the exception of SteelBenchmarker, prices remained unchanged over the past week. SteelBenchmarker, which only produces prices twice per month, did come out with new numbers which essentially, caught them up with the rest of the indexes.
The benchmark hot rolled numbers show almost every index at $670 per ton with the exception of Platts which is $10 per ton higher. The indexes are referencing cold rolled at $780 per ton (or close) with the exception of Steel Orbis which is $10 per ton lower. Steel Orbis is also referencing galvanized and Galvalume prices much lower than where SMU and CRU have set our averages.
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
Apparent steel supply remains elevated in July
Apparent supply totaled 8.88 million short tons (st) in July, down 38,000 st from June and 6% higher than the same month last year
HRC vs. prime scrap spread narrows slightly
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.
SMU Scrap Survey: Current Sentiment rises as Future Sentiment falls
SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.
SMU scrap market survey results now available
SMU’s September ferrous scrap market survey results are now available on our website to all premium members.
SMU Survey: Sentiment inches up from low levels
SMU’s Steel Buyers’ Sentiment Indices ticked higher this week, according to the latest data from our flat-rolled steel survey.