Steel Products Prices North America

Comparison Price Indices for Last Week
Written by John Packard
December 29, 2015
Steel Market Update and Platts both saw hot rolled prices as rising modestly by the end of last week. Platts is now $12.5 per ton higher than SMU as we are still getting reports of prices struggling to move higher on HRC. SteelBenchmarker did not report pricing this past week as they only report twice per month.
SMU raised our cold rolled average $15 per ton to $515 per ton while Platts remained at $525 per ton.
We also saw galvanized as being $5 per ton higher than the previous week (.060” G90) and Galvalume was up $5 per ton as well to $811 per ton for .0142” AZ50, Grade 80.
Platts kept plate prices at $457.50 per ton.
FOB Points for each index:
SMU: Domestic 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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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 and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.