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: 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.