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    November 30, 2014

    Comparison Price Indices: Pivotal Week Ahead

    Written by John Packard

    With the exception of Platts, all of the other flat rolled steel indexes reported benchmark hot rolled pricing as being down $5-$9 per ton this past week. Our average also declined by $5 per ton and now sits at $637 per ton.

    With at least one mill offering spot hot rolled at, or below, $600 per ton to large buyers, SMU believes there will be more erosion to come in the next week or two. We are also hearing reports of mills that have not had many spot tons to offer into the market, now reversing course. This is due to the repair and return to production of blast furnaces at AK Steel, ArcelorMittal USA and US Steel.

    John Packard

    Read more from John Packard

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