Steel Products Prices North America
Comparison Price Indices: Moving Sideways
Written by John Packard
June 19, 2016
There was very little movement in the SMU and Platts indices this past week. SteelBenchmarker, which only produces their index pricing twice per month, saw a modest rise in their numbers as they catch up with the other indices in the market.
Hot rolled is about as close as it has been in many months with SMU and Platts at $635 per ton and SteelBenchmarker just behind at $632 per ton.
Our galvanized index, which is based on .060” G90, remained the same at $900 per ton ($45.00/cwt) while Galvalume was up slightly to $1136 per ton for .0142” AZ50, Grade 80.
SteelBenchmarker moved their plate prices to $663 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: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.
HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.
SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.
Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.
Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.