Steel Products Prices North America
SMU Comparison Price Indices: A Quiet Week
Written by John Packard
July 13, 2014
This past week saw very little movement in any of the indexes followed by Steel Market Update. Benchmark hot rolled averages ranged from a low of $670 per ton (SMU) to a high of $671 per ton (SteelBenchmarker). The only change from the previous week was in the CRU which rose $1 per ton to $664 per ton. The average of all the indexes at the end of the week stood at $666 per ton.
Cold rolled and galvanized saw no movement from one week to the next and our averages are $789 and $843, respectively (GI is based on .060” G90).
Galvalume rose by $5 per ton and we did see changes in plate pricing with two of the indexes taking their numbers up, CRU by $5 per ton and Platts by $10 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
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