Steel Products Prices North America

Comparison Price Indices: Still Stuck
Written by John Packard
August 9, 2015
Flat rolled steel prices barely moved this past week according to the steel price indexes followed by Steel Market Update.
Hot rolled price averaged $466 per ton with SMU and Platts at $465 and CRU at $467 per ton.
Cold rolled was one product where we saw a split between SMU ($580), Platts ($585) and CRU ($600). Our average for CR was up $3 per ton to $588 per ton.
Galvanized saw the spread between SMU ($654) and CRU ($660) drop by $3 per ton. Our average is now $657 per ton for .060” G90.
Galvalume was down $5 per ton for .0142” AZ50, Grade 80.
Plate dropped as both Platts and CRU lowered prices this past week.
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.
Note that SteelBenchmarker produces numbers twice per month. On the weeks they produce numbers we will include them in the average. The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.

John Packard
Read more from John PackardLatest in Steel Products Prices North America

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).

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.