Prices
July 8, 2014
SMU Comparison Price Indices: 4th of July Brings Minimal Changes
Written by John Packard
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.
