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 Scrap Survey: Current and Future Sentiment tick down
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.

SMU Survey: Buyers’ Sentiment slips again, future outlook improves
Each of our Sentiment Indices continues to reflect that steel buyers are positive about their present and future business prospects, though that confidence has eased considerably compared to the beginning of the year.

SMU scrap market survey results now available
SMU’s October ferrous scrap market survey results are now available on our website to all premium members.

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.

SMU Survey: Sheet and plate lead times stabilize
Sheet and plate lead times saw minor shifts this week, according to SMU’s latest market survey. Sheet times have inched up over the last month but remain within days of multi-year lows, as they have since May. Plate lead times have bobbed within a tight range for months, hovering roughly a week longer than this time last year.