Steel Products Prices North America
Comparison Price Indices: Flat Rolled Prices Continue to Slide
Written by John Packard
October 26, 2014
Flat rolled steel prices continued to erode this past week based on SMU analysis of the CRU, Platts and SteelBenchmarker steel indices for the week ending October 24, 2014.
Hot rolled prices now average $645 per ton, down $3 per ton from the prior week. If you remove SteelBenchmarker from the average, since they did not report new pricing this past week, our average becomes $642 per ton (down $6 instead of $3).
Cold rolled prices slipped with SMU index at the low end at $760 per ton and CRU at the upper end at $771 per ton. Platts did take their CR number down $10 per ton this past week.
Galvanized prices fell with SMU down $10 to $824 per ton on .060″ G90 and CRU down $2 on the same product.
Plate prices also fell as CRU was down $8 per ton and Platts $10 per ton (SteelBenchmarker did not report new plate prices this past week).
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 successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.