Steel Products Prices North America
Comparison Price Indices: Flat Rolled Steel Prices Slip Across the Board
Written by John Packard
August 14, 2016
Flat rolled steel prices slipped across the board this past week as the domestic steel mills became more aggressive in order to finish filling their August order books (hot rolled) as well as September (cold rolled and coated). For the first time in many months, Steel Market Update adjusted our hot rolled and cold rolled prices twice during the week.
Both SteelBenchmarker and Platts reported prices this past week and both reported lower prices on all products with the exception of cold rolled where SteelBenchmarker increased their cold rolled number.
Benchmark hot rolled dropped by $10 per ton during the course of the week at both Platts and SMU with SteelBenchmarker down $8 over their last reported prices from a couple of weeks ago. With offers on hot rolled reported to SMU as being as low as $570 per ton we anticipate HRC will break through the $600 barrier soon.
Cold rolled dropped to $810 per ton at Platts and SMU with SteelBenchmarker coming in at +$1 at $816 per ton.
Galvanized .060” G90 at $875 per ton was down $5 per ton and Galvalume .0142” AZ50, Grade 80 at $1111 per ton was $10 per ton lower than the previous week.
SteelBenchmarker saw plate prices as down $8 per ton to $634 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
Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.