Steel Products Prices North America

SMU Comparison Price Indices: Prices Slip
Written by John Packard
May 27, 2014
What SMU found interesting when looking at flat rolled steel price movement over this past week is Platts, the industry optimist recently, dropped their benchmark hot rolled pricing multiple times as the week progressed. Platts ended the week down $10 per ton to $685 per ton. The $685 is where SMU had its HRC index the week prior to last. We ended the week down $10 to $675 per ton. CRU matched Platts while SteelBenchmarker did not report new numbers last week.
Cold rolled prices held steady on Platts and CRU while SMU saw CRC down $10 per ton. Galvanized prices remained fairly steady at $870-$873 for .060” G90. SMU Saw Galvalume down $5 to $1091 per ton for .0142” AZ50 Grade 80 coils.
We saw a wide spread in plate prices between CRU ($811) and Platts ($835) and SteelBenchmarker ($837).

John Packard
Read more from John PackardLatest in Steel Products Prices North America

SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.

SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.

Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6