SMU Data and Models
SMU Comparison Price Indices: Sideways to Small Ticks Higher
Written by John Packard
December 29, 2013
This past week we saw little movement in pricing on most flat rolled steel products due to the Holidays and a general lack of new orders flowing through the system. Benchmark hot rolled is in a fairly tight range at $667 on the low side (CRU) to $675 on the high side (Platts/Steelbenchmarker). The hot rolled average of the indices we follow on a regular basis was $671 per ton.
Cold rolled had a wider range from a low of $770 (Steel Orbis) to a high of $790 (CRU) the average was $781 per ton.
The galvanized range was $830 (Steel Orbis) to $843 (CRU) with an average of $838 per ton. This is based on .060” G90.
Galvalume ranged from $1081 to $1101 per ton for .0142” AZ50, Grade 80 with an average of $1091 per ton.
Plate, our newest addition, ranged from $753 (CRU) to $787 (Steelbenchmarker) with an average of $767 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: Within 200-300 mile radius of Northern Indiana Domestic Mill.
John Packard
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