Steel Products Prices North America
SMU Comparison Price Indices: Another Dip
Written by John Packard
June 22, 2014
The SMU Comparison Price Indices saw prices dropping on all products except plate products. Benchmark hot rolled coil saw pricing drop anywhere from $2 per ton (CRU) to $10 per ton (Platts). The HRC average dropped $6 per ton for the week to $670 per ton.
Cold rolled also dropped on all of the reporting indexes (SteelBenchmarker did not report last week) with SMU and CRU down $5 per ton and Platts $7.50 per ton. For the week our SMU Indexes average was down $6 per ton to $791 per ton.
Galvanized also dropped with SMU taking our number down by $20 per ton to $835 per ton for .060″ G90. CRU reduced galvanized by $2 per ton to $853 per ton.
SMU took our Galvalume index average down $15 per ton to $1066 on .0142″ X 40.875″, AZ50, Grade 80.
Plate prices were either stable (Platts) or rose by $10 per ton with the average now being $835 per ton.
FOB Points for each index:
SMU: Domestic Mill, East of the Rockies.
CRU: Midwest Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
Platts: Northern Indiana Domestic Mill.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet Slips Again on Strike, But Is a Bottom in Sight?
Sheet prices slipped again this week on news of the United Auto Workers (UAW) strike and continued caution among some consumers.
HRC vs. Galv Price Spread Widened This Summer
The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.
SMU Price Ranges: Sheet Slips Again on UAW Strike Fears
Sheet prices fell across the board ahead of what many market participants predict will be a strike by the United Auto Workers (UAW) later this week.
Nucor Lowers Plate Prices by $40/t
Nucor Corp. will lower plate prices by $40 per ton ($2 per cwt) with the opening of its October order book.
SMU Price Ranges: Sheet Prices Move Lower, No Bottom Yet
Sheet prices have fallen this week, after a small pause last week when prices saw mixed results. Tags have now been largely trending lower since July.