Steel Products Prices North America
Comparison Price Indices: Another Week of Wait and See
Written by John Packard
June 28, 2015
Benchmark hot rolled prices remain stuck at $465(ish) according to the four flat rolled steel indexes followed by Steel Market Update. Platts rose $3 last week and reported $465 per ton HRC as did Steel Market Update, which was unchanged from the prior week. CRU was down $3 per ton to $460 per ton and SteelBenchmarker reported $466 per ton. Our average came in at $464 per ton, unchanged from the previous week.
Cold rolled saw three of the four indexes moving higher with one, CRU, up $13 per ton from the previous week. The other three indexes reported $585 per ton (SMU/Platts) and $587 per ton. The average for CRC rose $4 per ton to $588 per ton.
Both CRU and SMU saw galvanized .060” G90 as being close to $660 per ton. SMU was $659 down $5 per ton while CRU reported GI at $662 per ton, up $5 per ton.
Galvalume .0142” AZ50, Grade 80 remained unchanged at $891 per ton.
Plate prices ranged from $560 per ton (CRU) to a high of $585 per ton (Platts) with the average dropping $3 per ton to $570 per ton.
We advise our readers not to be too concerned when prices bounce up and down $5 per ton or less on a weekly basis. We believe this is due to just the way the numbers are being collected on a weekly basis and have less to do with prices eroding at this point in time (however, they aren’t busting out to the high side either).
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
BREAKING NEWS: NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
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).