Steel Products Prices North America

SMU Adjusts Lower End of Hot Rolled Range Dropping Our HRC Price Average

Written by John Packard

Steel Market Update (SMU) published our hot rolled range as remaining the same as the prior week at $450-$480 per ton. We continued to collect data as the week has progressed and we received a number of data points at $440 for the low end of the range.

We are adjusting our hot rolled price range from $440 to $480 per ton with a new average of $460 per ton which is $5 per ton lower than earlier this week and down $5 per ton from what we posted on July 21st.

Since July 14th we have now posted two weeks where hot rolled pricing has dropped by $5 per ton.

We will continue to canvass the market and will advise of any changes as needed.

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