Prices
Comparison Price Indices: Modest Moves
Written by John Packard
March 26, 2017
Flat rolled steel prices saw modest moves this past week according to Steel Market Update (SMU) and Platts steel indexes. The two strongest products were cold rolled and galvanized each up $15 per ton for the week.
Benchmark hot rolled pricing was up $5 per ton on Platts to $650 per ton and $10 per ton on our own index which is now averaging $655 per ton.
Galvalume was the same as the prior week at $1151 per ton for .0142” AZ50, Grade 80 (total extras are shown below).
Using our survey results we had plate prices up by $20 per ton to $765 per ton. Platts had plate remaining the same at $735 per ton. Since plate is a new product for SMU to index, we will spend some extra time this week with our plate sources to get a better handle on any price movements and why.
SMU Note: Galvanized prices include $78 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.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.
John Packard
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