Steel Products Prices North America

Comparison Price Indices: Ho Hum Week
Written by John Packard
July 17, 2016
Flat rolled prices had a relatively “ho hum” week as we saw very little movement in any of the indexes with the exception of SteelBenchmarker which only produces prices twice per month.
Benchmark hot rolled prices ranged from a low (average) from our own index which came in at $620 per ton for a second week. Platts remained unchanged at $630 per ton while SteelBenchmarker came in at $628 per ton. The average for the three indexes is $626 per ton.
Cold rolled prices were similar to that of HRC only $200 per ton higher. The SMU cold rolled average was down $5 per ton to $820 per ton. Platts remained unchanged at $830 per ton while SteelBenchmarker came in up $11 to $824 per ton. The average of the three indexes came in at $825 per ton.
Both galvanized (.060” G90) and Galvalume (.0142” AZ50, Grade 80) were unchanged.
SMU Price Momentum Indicator continues to be referenced as “Neutral” meaning our expectation is for prices to track sideways (+/- $20 per ton) over the next 30 days.
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: 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

SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.

Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.

Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.