Steel Products Prices North America
Comparison Price Indices: Weakness Continues
Written by John Packard
October 4, 2015
According to the various flat rolled steel indexes followed by Steel Market Update, hot rolled, cold rolled, galvanized, Galvalume and plate prices continue to be weak this past week.
Benchmark hot rolled was the most stable with all four indexes reporting last week. SMU and Platts were showing the HRC average as being $430 per ton while CRU moved up $2 to $436 and SteelBenchmarker came out at $445 (SteelBenchmarker only reports prices twice per month). The average of SMU, CRU and Platts was $432 per ton this past week.
Cold rolled dropped the most with all four indexes moving lower by double digits. Platts and SteelBenchmarker were down $15 per ton with CRU and SMUdown $10.
Galvanized also saw prices fall with SMU down $15 and CRU down $6 while Galvalume prices were down $10 per ton.
Plate prices remained close to the levels being reported by CRU and Platts for a number of weeks. Steel Benchmarker made a large move down $42 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.