Steel Products Prices North America
Comparison Price Indices: Bottoming Out in Preparation for the Turn
Written by John Packard
October 30, 2016
Flat rolled steel prices are bottoming out and we are already seeing the potential for hot rolled being the first product to move higher. In the table below are the three steel indexes followed by Steel Market Update.
Platts was the first index to report hot rolled prices as moving higher this past week. At $475 per ton, Platts is up $5 per ton ($0.25/cwt) compared to the prior week. SMU kept our index the same at $470 per ton while SteelBenchmarker reported their prices as being $20 per ton lower but, at $496 per ton they are well above Platts and SMU.
Cold rolled is a little more consistent with SMU and SteelBenchmarker down to $685 and $686 per ton, respectively. Platts is $10 per ton above us at $695 per ton.
SMU took both galvanized and Galvalume index averages down while the big spread continued in plate. Platts had their plate average unchanged at $480 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
Plate report: Prices getting closer to pre-Covid norms
The US plate market finds itself in unfamiliar territory, well maybe unfamiliar territory for this side of the post-Covid “normal,” that is.
SMU price ranges: Sheet momentum indicator shifts to neutral in mixed market
SMU’s steel price indices showed mixed signals for a second consecutive week. Our hot rolled, cold rolled, and plate price indices inched lower from last week, as the galvanized index held steady and Galvalume's ticked higher.
Nucor increases CSP, aims for $720/ton on HRC
Nucor has raised its weekly consumer spot price (CSP) by $10 per short for hot-rolled (HR) coil to $720/st.
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.