Market Data
December 29, 2013
SMU Comparison Price Indices: Sideways to Small Ticks Higher
Written by John Packard
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.
