Steel Products Prices North America
Comparison Price Indices: Coated Steel Prices Moving, Uncoated Not So Much
Written by John Packard
June 14, 2015
With the price increase announcements and the filing of a trade case against coated products we saw galvanized and Galvalume prices move higher by double digits this past week. Galvanized increased by $15 per ton according to SMU and $16 per ton according to CRU. Galvalume prices moved higher by $10 per ton.
When looking at benchmark hot rolled coil we found very little movement as SMU and Platts were unchanged, CRU was down $1 per ton and SteelBenchmarker, which only publishes their numbers twice per month, was up $2 per ton. The average of the 4 indexes was $461 per ton.
Cold rolled saw similar results with SMU and Platts unchanged from the prior week (and both at the same $580 number) while CRU was up $3 (to $581) and SteelBenchmarket was up $7 (to $585). The average of all 4 indexes is now $582 per ton.
Plate prices have also seen little movement with Platts remaining the same, CRU down $3 per ton and SteelBenchmarker up $9 per ton.
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 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.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.