Steel Products Prices North America

Comparison Price Indices: Mixed Results
Written by John Packard
February 4, 2018
Hot rolled, cold rolled and plate prices increased last week, according to the steel indexes followed by Steel Market Update.
Benchmark hot rolled prices, which recently passed through the $700 per ton barrier, reached $715 per ton on the SMU index and $718 per ton ($717.75) on Platts. SteelBenchmarker did not report prices last week as they only report pricing twice per month.
Cold rolled prices also rose to $850 per ton on the SMU index (up $10) and $863 per ton ($863.25) on Platts (up $3).
Galvanized .060” G90 averaged $921 per ton last week, which was down $5 per ton compared to the previous week.
Galvalume .0142” AZ50, Grade 80 was also seen as being lower by $10 per ton, now averaging $1,142 per ton.
Plate prices rose on both Platts and SMU indexes with SMU reaching $820 per ton (up $25) and Platts not yet reaching $800 as they reported plate averaging $795 per ton ($795.25), which is up $18 compared to the prior 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 Mill
Plate price FOB points are different for each of the indexes:
SMU: FOB Delivered to the Customer (includes freight)
Platts: FOB Delivered Midwest (includes 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 The weeks where they do not produce numbers (NA = not available), we will not include their outdated numbers in the CPI average.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
Read more from John PackardLatest in Steel Products Prices North America

ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]

Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]

Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]

SMU price ranges: Slow start to the year
Steel prices ticked lower this week for four of the five products SMU tracks, according to our latest canvass of the sheet and plate markets. Following last week’s bump, our hot rolled, cold rolled, galvanized, and plate indices all edged lower this week by $5-15 per short ton (st) on average. Galvalume was the only […]

Nucor holds the line on published HR spot price
The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.