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’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.
Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.
SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.
SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.
Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.