Steel Products Prices North America
SMU Comparison Price Indices: 4th of July Brings Minimal Changes
Written by John Packard
July 8, 2014
Steel Market Update did not publish on Sunday evening due to the extended 4th of July holiday here in the United States. We know that there are a number of our readers who enjoy our Comparison Price Indices (CPI) articles on Sunday evening. Here is what the CPI looks like as of Monday evening:
Benchmark hot rolled was fairly stable over the past ten days with SMU and Platts holding steady while CRU dropped $3 per ton. SteelBenchmarker did not report new pricing last week. Our HRC average dropped by $2 per ton to $666 per ton.
The cold rolled average increase by $2 per ton while galvanized and Galvalume each rose by $5 per ton. Plate prices also rose (as an average) due to the change in the CRU which was up $6 per ton.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.