Prices
Comparison Price Indices: Mixed Results
Written by John Packard
August 27, 2017
Last week, Steel Market Update (SMU) saw prices as being modestly higher than the week before, while Platts held their prices steady. For the week, SMU had hot rolled up $10, but our $625 per ton average is still below the $630 being reported by Platts.
Cold rolled prices averaged $815 per ton at SMU and $800 per ton at Platts. Galvanized .060″ G90 came in up $10 at $893 per ton, while Galvalume .0142″ AZ50, Grade 80 was also up $10 to $1,116 per ton.
Plate prices averaged $710 per ton delivered at Steel Market Update, while Platts averaged $680 per ton FOB Southeastern mill (not delivered).
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.
Plate price FOB points are different for each of the indexes:
SMU: FOB Delivered to the Customer (includes freight)
Platts: FOB Southeaster Mill (does not include freight)
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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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