Prices
February 7, 2016
Comparison Price Indices: Small Movement Higher
Written by John Packard
Flat rolled steel prices are moving higher albeit at a slow pace – especially for hot rolled coil which continues to be the weakest of the flat rolled products. SteelBenchmarker did not report new prices this week (they only report prices twice per month) so we will review what our index as well as Platts reported this past week.
Hot rolled prices averaged $410 per ton ($20.50/cwt) according to both indexes last week. Our index rose by $5 per ton while Platts remained the same.
Cold rolled prices were seen as up modestly by SMU to $545 per ton while Platts took their numbers up by $15 per ton to $560 per ton.
Galvanized was unchanged for the week while Galvalume was seen as up $5 per ton by SMU AZ index.
Plate prices remained unchanged at $480 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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.
