Steel Products Prices North America
Comparison Price Indices: Spread between HRC and CRC is $200 per ton
Written by John Packard
June 5, 2016
Compared to what we have been seeing over the past two months, price movement last week was modest with hot rolled barely moving (SMU no change and Platts +$5, SteelBenchmarker did not report last week). Our hot rolled average is now $632.50 per ton.
Cold rolled saw SMU take their price average up $15 per ton to $835 per ton while Platts remained the same at $830 per ton. Our cold rolled average is now $832.50 per ton.
The spread between the hot rolled average and that of cold rolled is $200 per ton.
SMU took galvanized up $10 and Galvalume up $5. Remember, galvanized numbers are based on .060” G90 while Galvalume numbers are based on .0142” AZ50, Grade 80.
The spread between hot rolled base price average and the average for galvanized is $207.50 per ton.
Plate prices dropped $10 per ton according to 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.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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
HRC-galvanized price gap edges higher
The premium galvanized coil carries over hot-rolled coil (HRC) coil has marginally widened in recent months. As of Sept. 16, the spread between these two products reached a three-month high of $175 per short ton (st), though it is still low by historical standards.
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.