• Skip to main content

    Prices

    March 3, 2014

    SMU Comparison Price Indices: Price Slide Continues

    Written by John Packard

    Steel Market Update follows a number of flat rolled steel price indexes and all of the indexes that reported to SMU this week saw benchmark hot rolled prices declining this past week. Three indexes reported double digit reductions in their HRC averages (Steel Orbis did not supply prices for this past week) and the average is now down to $642 per ton.

    We also saw drops in other products (galvanized & Galvalume) and mixed results in cold rolled and plate.

    John Packard

    Read more from John Packard

    Latest in Prices

    CRU: Iron ore firms on surging costs

    After a brief dip last month, iron ore prices have resumed their upward trajectory as the war in the Middle East escalates. Elevated costs have established a new pricing norm, keeping iron ore prices firm even as current levels exceed what supply‑demand balance would justify. Meanwhile, Simandou is finally gaining momentum after a slow start. Quality remains the decisive factor for steelmakers sourcing from the seaborne market, reshaping trade flows.