Prices
SMU Price Ranges & Indices: Postponed to Thursday due to Conference
Written by John Packard
August 30, 2016
Tuesday is normally the day that Steel Market Update puts out our price ranges and averages on hot rolled, cold rolled, galvanized and Galvalume steels. As many of you know we are in the midst of our Steel Summit Conference in Atlanta.
Due to our antitrust guidelines we did not feel it appropriate to discuss specific transaction prices with those associated with our conference where over 400 steel executives have gathered.
We will produce our prices on Thursday and then return to our normal Tuesday release date next week.
John Packard
Read more from John PackardLatest in Prices
Final Thoughts
Most steel buyers think that steel prices will continue to rise into the 2026. But they don’t see the kinds of big gains that have characterized past market upturns, according to the results of SMU’s latest steel market survey.
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
Price gap between US HRC, most imports narrows slightly
In dollar-per-ton terms, US product is on average $141/st less than landed import prices (inclusive of the 50% tariff). That’s down from $148/st last week.
SMU price ranges: Sheet ticks higher, plate stable
Sheet steel indices increased across the board this week, while plate prices held steady. All five of SMU’s price indices are higher than they were two weeks ago, and all but one are above levels recorded four weeks ago.
Nucor lifts HR spot price by $10/ton
Nucor has raised its weekly spot list price on hot-rolled coil by $10 per short ton (st) after keeping it unchanged since Aug. 25.