Steel Products Prices North America
Comparison Price Indices: Little Movement
Written by John Packard
February 28, 2016
Flat rolled & Plate prices have been moving mostly sideways over the past few weeks as little has happened to propel prices higher (or lower) from here.
Hot rolled prices have been stuck in the $400-$410 per ton range with SteelBenchmarker at the lower end of the range while SMU ($405) and Platts ($407.50) rounding out this week’s HRC index numbers.
Cold rolled prices have a slightly wider spread with SteelBenchmarker at $546 per ton, SMU at $550 and Platts at $570 per ton.
SMU saw both galvanized and Galvalume prices as stable this week.
Plate prices dropped $31 per ton on SteelBenchmarker to $453 per ton (SteelBenchmarker reports steel prices twice per month) while Platts remained 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.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.
Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.