Steel Products Prices North America

Comparison Price Indices: We Continue to Measure Climbing Prices

Written by John Packard

January 24, 2016

Flat rolled steel prices slowly moved higher this past week according to the revisions made to the SMU and Platts steel indexes.

Benchmark hot rolled prices were rose $5 per ton on the SMU index taking our number to $405 per ton. Platts kept their $410 per ton number the same on HRC from the previous week. The average for the two reporting indexes was $408 per ton for the week.

Cold rolled remained at $530 per ton according to our SMU average while Platts took their number up by $5 per ton to $535 per ton on CRC material.

Galvanized and Galvalume prices rose by $5 per ton. The galvanized number referenced below is for .060” G90 and includes a $3.00/cwt ($60 per ton) coating extra. The Galvalume number is for .0142” AZ50, Grade 80 and includes all of the published US Steel extras for that thickness, coating and quality. Please note that extras are negotiable items and can vary. A better way to look at the numbers is to review the base pricing which we reference every Tuesday evening in our newsletter.

Plate prices rose slightly this past week to $480 per ton according to Platts.

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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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

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