Steel Products Prices North America
Comparison Price Indices: Prices Continue to Move
Written by John Packard
January 31, 2016
Flat rolled steel prices continue to move higher this past week, based on what we saw in the indices we follow on a regular basis (SteelBenchmarker reported prices this past week).
The weakest product continues to be hot rolled which has broken above the $400 level as the mills are pushing for $400-$420 per ton. The average of the three indexes referenced below is $405 per ton.
Cold rolled prices moved to an average of $544 per ton up $10 per ton over the prior week.
Galvanized and Galvalume prices both saw strong gains with galvanized being up $20 per ton (.060” G90 is the benchmark item for GI) and $25 per ton for Galvalume (.0142” AZ50 Grade 80 is benchmark used for AZ).
Plate prices rose on the SteelBenchmarker index (SteelBenchmarker reports twice per month) while they remain the same on 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.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.
Nucor lowers HRC list price to $890/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
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.