Steel Products Prices North America
SMU Comparison Price Indices: Mixed Messages
Written by John Packard
February 4, 2014
The two strongest products during the month of January were cold rolled (fully annealed) and plate. Both of these products saw spot price appreciation during the month. Hot rolled was a mixed bag with SMU now holding the lowest average at $665 per ton as of last week. At one point during the month every single one of our steel indexes agreed on hot rolled. It only lasted one week. As you can see by the table below galvanized was a mixed bag with one index having prices rising by $15 per ton while SMU and CRU dropped their prices on the same product. Galvalume prices were slightly lower during the month.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.
Nucor lowers HRC list price to $890/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.