Steel Products Prices North America

Comparison Price Indices: Prices Jump
Written by John Packard
March 13, 2016
Prices jumped this past week on both SMU and Platts indexes (SteelBenchmarker did not report prices last week). These increases come on the heels of the most recent price announcements made a couple of weeks ago.
Benchmark hot rolled continues to be the weakest of the flat rolled products and we are seeing some separation between our index and Platts on HRC. SMU HRC index average increased by $5 per ton as we collected HRC numbers hovering around $400 per ton with some of the larger players. Platts took their hot rolled average to $430 per ton a jump of $23 per ton over what they published the prior week.
Cold rolled also got a boost from both SMU and Platts. We took our CRC average up $25 per ton to $590 per ton while Platts took their CRC number up $20 per ton to $590 as well.
Our galvanized .060” G90 number increased by $10 per ton to $645 per ton while Galvalume rose $15 per ton on .0142” AZ50, Grade 80.
Platts held plate prices at $480 per ton which is where plate has rested for a number of weeks.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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
Read more from John PackardLatest in Steel Products Prices North America

SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.

SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

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