Steel Products Prices North America

Comparison Price Indices: Prices Jump After Latest Price Increase Announcement

Written by John Packard

March 29, 2016

Due to the Easter Holiday we did not publish our Comparison Price Indices article over the weekend. However, you didn’t miss anything as here is what we are seeing for hot rolled, cold rolled, coated products and plate from the indexes we followed this past week.

Last week hot rolled moved higher by $10 per ton on both the Platts and our own Steel Market Update index. Both indexes reported HRC at $440 per ton ($22.00/cwt). SteelBenchmarker did not report prices last week as they only produce prices twice per month.

Platts and SMU also agreed on cold rolled averages with both indexes reporting CRC at $610 per ton ($30.50/cwt). To reach $610 Platts moved their average up $20 per ton while SMU moved ours by $15 per ton.

SMU reported Galvanized prices as being up $23 per ton and for .060” G90 GI our average was $672.50 per ton ($33.63/cwt – includes $3.00/cwt in coating extras).

Galvalume also rose with .0142” AZ50 Grade 80 was reported as averaging $916 per ton ($45.80/cwt).

Platts reported plate as being up $35 per ton to $525 per ton ($26.25/cwt).

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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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

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