Steel Products Prices North America
Comparison Price Indices: Little Change Over Holidays
Written by John Packard
January 2, 2018
Flat rolled steel prices were essentially unchanged last week (week ending Dec. 29, 2017) due to the Christmas and New Year’s Holidays. The only exception being SteelBenchmarker, which only produces their indices twice per month with last week being one of those weeks.
Hot rolled spot prices are hovering at, or near, $640 per ton ($32.00/cwt). Platts is slightly higher at $647 per ton and SteelBenchmarker is slightly lower at $638 per ton. SMU kept our number the same due to vacation schedules and the lack of enough data to justify making a change.
Cold rolled has a wider spread than HRC with SMU at the low end of the range at $815 per ton and Platts at the upper end of the range at $832 per ton.
Galvanized and Galvalume were unchanged for the week.
Plate prices were also stable on Platts and SMU, while down $25 per ton on SteelBenchmarker.
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)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor carries $875/ton HR list price into week seven
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Oct. 6
SMU Price Ranges: A newsy week sees modest price gains despite a quiet spot market
Market participants predicted that prices should be at or near a bottom. But while most seemed to agree on that point, many also said they saw little upside given a quiet spot market and ongoing concerns about demand.
Nucor increases plate prices by $60/ton
Nucor aims to increase prices for steel plate by $60 per short ton with the opening of its November order book.
Nucor’s $875/ton HR spot price spills into week six
Nucor is keeping hot-rolled (HR) coil prices unchanged again this week, according to its latest consumer spot price (CSP) notice issued on Monday, Sept. 29.
SMU Price Ranges: Sheet and plate flat or down as hopes of rebound meet ‘blah’ demand
Sheet and plate prices were flat or lower this week as less discounting from domestic mills was offset by few signs of an anticipated rebound in demand.