Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/045a91daf93ed62eef3bb6ac3a21018a.jpg)
Comparison Prices Indices: Mixed Bag
Written by John Packard
August 16, 2015
The negative numbers are starting to appear and SMU is hearing from steel buyers that weakness is creeping back into the markets, if only over the short term. However, not all of the indices followed by Steel Market Update saw the market as weakening at all. SteelBenchmarker, in particular, reported bullish results with all of their prices being higher than when they last reported at the beginning of the month (SteelBenchmarker reports prices twice per month only). Platts saw the market as completely flat (which they have been doing for a number of weeks, if not months, now) and CRU reported lower flat rolled pricing on all products except plate.
Benchmark hot rolled saw the SMU and CRU indexes dropping prices, Platts remained the same and SteelBenchmarker saw the HRC market up $4 to $474 per ton… Our CPI average dropped $1 per ton to $466 and would have been $464 per ton if SteelBenchmarker was not considered in the week’s data.
Cold rolled saw similar type results with CRU down $4 per ton, Platts and SMU remaining the same as the prior week and SteelBenchmarker up $10 per ton. The average was up $2 per ton to $590 per ton.
Both CRU and SMU dropped galvanized prices this past week to $659 and $649, respectively. The CPI average declined by $3 per ton.
Galvalume remained unchanged while plate prices rose by $11 per ton (CPI average), mostly on the back of SteelBenchmarker who saw the market as being $18 per ton higher than their last price publication which was at least two weeks prior.
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.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Cliffs_logo2.2.png)
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]