Steel Products Prices North America
Comparison Price Indices: Falling Back
Written by John Packard
June 26, 2016
Both Platts and Steel Market Update saw flat rolled steel prices as dropping this past week. The question now is this the beginning of a correction or just a bump in the road? From the perspective of ArcelorMittal USA and NLMK USA this is just a bump. If the drop in steel prices continue this week and into next then we believe we will be in a correction mode. The jury is still out.
Benchmark hot rolled prices fell by $5 (Platts) and $10 (SMU). Cold rolled was even at Platts but down $15 per ton at SMU. Galvanized and Galvalume were both down $15 per ton.
SteelBenchmarker did not report flat rolled steel price indices this week.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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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