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
Read more from John PackardLatest in SMU Data and Models
SMU Survey: Current Sentiment tumbles on tariffs, uncertainty, soft demand
SMU’s Steel Buyers’ Sentiment Indices moved in opposing directions this week. Our Current Steel Buyers’ Sentiment Index dropped to one of the lowest levels recorded in over five years, while Future Buyers’ Sentiment inched higher.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Buyers report little change in sheet and plate lead times
Steel buyers report steady lead times for sheet and plate products, a soft-sideways trend we've seen since May.
SMU Survey: Mills remain flexible on pricing, buyers say
The majority of steel buyers responding to our market survey this week continue to say that mills are negotiable on new spot order prices. Negotiation rates have remained high since May.
Service centers: Mill orders improve in July
SMU’s Mill Order Index (MOI) moved higher in July after rebounding the month prior. The shift comes after mill orders declined from March through May.