Steel Products Prices North America
Comparison Price Indices: Essentially Unchanged
Written by John Packard
January 29, 2017
Flat rolled steel prices were essentially unchanged on the Platts and SMU indexes while SteelBenchmarker, which only produces their indices twice per month, played catch up. The three steel indexes agreed that benchmark hot rolled coil was averaging $630 per ton ($629 was the average of the three indexes) or $31.50/cwt.
Cold rolled was unchanged at $830 per ton ($41.50/cwt) at Platts and SMU while SteelBenchmarker lagged at $817 per ton.
Coated products – galvanized and Galvalume – were unchanged. Note that the galvanized number is for .060″ G90 and Galvalume is .0142″ AZ50, Grade 80 (the extras for each are shown after the table below).
Plate prices increased on both Platts ($650) and SteelBenchmarker ($678) by approximately $40 per ton ($2.00/cwt).
Please be advised that we have our price ranges and indices in the Pricing section of our website. There you can find base prices as well as benchmark items. The data can be manipulated in a number of ways for those of you who have questions about historical pricing or a specific time frame for comparison purposes. If you need help to find or use the data on our website please contact Brett Linton at Brett@SteelMarketUpdate.com.
SMU Note: Galvanized prices include $69 in extras for a .060″ G90 product. Galvalume prices include $291 in extras for a .0142” AZ50 Grade 80 product.
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 slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]