Prices
May 3, 2014
Written by John Packard
The following chart is based on price variances from the end of March until the most recent numbers produced at the end of April. All commodities saw price increases with the exception of iron ore which was down quite dramatically (China spot market).
Sources expect the recent spot market price hikes on domestically produced plate products to be accepted by the market.
The price gap between stateside hot band and landed offshore product has inched closer to parity, now at its lowest level since the summer.
All of SMU’s sheet price indices rose this week, climbing to new multi-month highs. At the same time, our plate index held steady.
Oregon Steel Mills has joined other producers, announcing a price increase of at least $40 per short ton for steel plate.
Nucor increased its weekly hot-rolled coil spot list price by $5 per short ton (st) on Monday, Dec. 1. This was its sixth increase in as many weeks, moving up $45/st over that span.