Prices
September 11, 2016
Comparison Price Indices: Still Moving Lower
Written by John Packard
Flat rolled steel prices continued their move lower with Platts taking their hot rolled and cold rolled averages down by $10 and $25 per ton, respectively. Steel Market Update (SMU) did not move our hot rolled and cold rolled prices on Tuesday of last week but we did make minor adjustments to galvanized and Galvalume price averages. SteelBenchmarker did not report prices this past week.
Both SMU and Platts see hot rolled prices as averaging $560 per ton ($28.00/cwt).
Cold rolled averages are $775 per ton at Platts and $790 per ton at SMU.
Platts kept their FOB Southeast plate mill pricing the same as the prior week at $560 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.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.
