SMU Data and Models

Comparison Price Indices: Small Changes
Written by John Packard
February 2, 2014
Steel Market Update follows a number of indexes and their average price points on hot rolled, cold rolled, galvanized, Galvalume as well as plate.
Steel Market Update (SMU) found prices slipping on three of the four products we currently index – hot rolled, galvanized and Galvalume. CRU also picked up some modestly weaker numbers as well. Platts maintained the same prices as measured the prior week. SteelBenchmarker, which only produces pricing twice per month, was essentially unchanged on HR and CR and up $11 per ton on plate. We did not receive new numbers from Steel Orbis prior to our publishing deadline.
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: 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.