Steel Products Prices North America
SMU Comparison Price Indices: More Slippage
Written by John Packard
September 7, 2014
Flat rolled steel prices continue to slip lower as the various indexes watched by Steel Market Update begin to come to a consensus as the spreads between the indexes shrink. Platts dropped their benchmark hot rolled price by $5 per ton and CRU by $2 per ton. SteelBenchmarker did not report prices this week as they only produce prices twice per month. Our average of all the indexes dropped by $2 per ton.
Our cold rolled average dropped by $1 per ton as we now have two indexes at $790 per ton (SMU and CRU) and two at $795 per ton (SteelBenchmarker and Platts).
The galvanized average dropped by $2 per ton as CRU was down $3 and SMU remained the same. There is now a $2 spread between the two indexes.
Galvalume prices remained the same and plate was up by $2 per ton with CRU adding $4 per ton to their index.
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.