Steel Products Prices North America

Comparison Price Indices: Ripples
Written by John Packard
July 27, 2014
Flat rolled steel prices have been essentially trending sideways for the past couple of weeks and this past week was no exception. We saw our hot rolled average increase by $3 per ton to $673 per ton with the CRU having the lowest HRC pricing at $667 per ton and Platts the highest at $680 per ton. CRU was the only index to move hot rolled prices this past week (+$5).
Cold rolled prices also moved up by $2 per ton ($1.75 per ton actually) as Platts moved up to $805 per ton and CRU moved up $2 per ton to $794 per ton.
Galvanized prices moved lower this past week by $4 per ton while Galvalume remained unchanged.
Our plate price average dropped by $6 per ton as CRU moved to $832 and the other indexes remained the same.
Note: SteelBenchmarker did not report new prices this past week. SteelBenchmarker releases prices twice per month.
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: 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.