Steel Products Prices North America
Comparison Price Indices: Back to Trending Higher
Written by John Packard
March 5, 2017
Flat rolled steel prices rose this past week on every item with the exception of the SteelBenchmarker hot rolled index.
Steel Market Update (SMU) saw benchmark hot rolled as up $25 per ton to $625 per ton. Platts moved up $5 per ton to $630 per ton and SteelBenchmarker, who reports prices twice per month, had HRC dropping by $7 per ton to $611 per ton.
Cold rolled prices had SMU at $835 per ton while Platts was unchanged at $830 per ton and SteelBenchmarker was up $5 to $806 per ton.
Galvanized G90 .060” was up $10 per ton to $909 per ton. Please note SMU continues to use the January 1, 2017 G90 coating extras. However, with lead times already in April and beyond, we will most likely adjust our pricing to reflect the new extras in next week’s numbers.
Galvalume pricing was also up $5 per ton on .0142” AZ50, Grade 80 material.
Plate prices rose by $7 per ton at SteelBenchmarker and $20 per ton at Platts. Note: Nucor announced a $30 per ton price increase on carbon and alloy plate and $50 per ton on heat-treated plate on Friday, March 3rd.
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
CRU: Q3 will be the lowest point in current sheet price cycle
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
CRU: US rebar and wire rod prices rise alongside S232 increase
CRU Senior Steel Analyst Alexandra Anderson discusses current market and pricing dynamics for long steel products in the US.
SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.
Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.