Prices
March 29, 2015
Comparison Price Indices: Prices Drop & Spread Narrows
Written by John Packard
Benchmark hot rolled pricing has tightened, according to the various flat rolled steel indices we follow. With SteelBenchmarker reporting this past week all four indexes were within a few dollars of one another with SMU and Platts at $470 per ton, CRU $1 higher at $471 and SteelBenchmarker $3 higher at $473 per ton. Our average fell $11 per ton compared to the week earlier.
We also see the spread between the indexes on cold rolled has also tightened with Platts, CRU and SMU being at $605 or below and SteelBenchmarker at $612 per ton.
CRU and SMU both found .060” G90 galvanized to average $669 per ton.
The SMU Galvalume index average remained the same at $901 per ton for .0142 X AZ50, Grade 80.
Plate prices also adjusted lower for the week with all three indexes taking their plate averages lower.
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.
