Steel Products Prices North America
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SMU Comparison Price Indices: Flat
Written by John Packard
May 18, 2014
With the exception of plate, flat rolled steel prices either moved sideways or slightly lower based on the steel indexes followed by Steel Market Update. Prices appear to have peaked with benchmark hot rolled averaging $688 per ton, cold rolled $808 per ton, galvanized .060″ G90 $871 per ton and Galvalume .0142″ AZ50, Grade 80 $1096 per ton.
Plate prices increased and now average $828 per ton, up $16 per ton from one week ago.
The SMU Price Momentum Indicator continues to point toward Neutral which means we expect sideways or transitional pricing over the next 30 days.
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John Packard
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CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
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Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
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Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
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Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
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CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]