Prices
Comparison Price Indices: More Mixed Data
Written by John Packard
November 26, 2017
Flat rolled steel prices were once again “mixed” with hot rolled prices higher, cold rolled lower (on SMU), galvanized lower, Galvalume no change and plate higher this past week compared to the previous week.
Both Platts and Steel Market Update (SMU) saw the benchmark hot rolled price average as higher this past week. The spread between the two indexes shrunk with SMU moving up $15 to a $620 per ton average ($31.00/cwt) and Platts up $9 to $627 per ton.
The spread between the Platts and SMU cold rolled average was reduced to only $2 per ton with SMU taking cold rolled down $10 to $785 per ton and Platts moving up $3 to $787 per ton.
SMU saw the galvanized price average down $10 to $838 per ton on .060” G90.
Galvalume prices remained the same on .0142” AZ50, Grade 80 at $1,061 per ton.
Plate prices were higher with SMU seeing delivered prices averaging $695 per ton, while Platts FOB SE Mill plate prices are now averaging $620 per ton.
SteelBenchmarker did not report prices this week.
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 The weeks where they do not produce numbers (NA = not available), we will not include their outdated numbers in the CPI average.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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