Prices
June 29, 2014
SMU Comparison Price Indices: Modest Movement (except Platts)
Written by John Packard
With the exception of Platts, the balance of the steel indexes followed by Steel Market Update dropped slightly with benchmark hot rolled coil now averaging $667 per ton, down $4 per ton for the week. When looking at cold rolled Platts was unchanged, SMU was up $5 per ton to $785 per ton with CRU and SteelBenchmarker down $7 and $10 respectively.
Galvanized numbers also dropped an average of $9 per ton and Galvalume held its own for the week.
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.
