Steel Products Prices North America

Comparison Price Indices: Another Mixed Week

Written by John Packard

Flat rolled steel prices were once again “mixed” for this past week. Platts reported hot rolled coil prices as being lower, while their cold rolled, galvanized rose and plate remained the same. Steel Market Update saw HRC prices as being up $10 as was our plate pricing. Cold rolled remained the same, while coated products (galvanized and Galvalume) were seen as lower this past week.

HRC indexed pricing was very close at $880 for SMU and $876 for Platts. Cold rolled spot prices were $1,005 per ton at SMU and $1,014 per ton at Platts.

Galvanized prices we seen differently by each index with SMU moving down $5 per ton to $1,096 per ton on .060” G90 and Platts was up $4 per ton to $1,112 per ton.

Galvalume was seen by SMU as being down $10 to $1,311 per ton for .0142” AZ50, Grade 80.

Plate prices were $20 per ton apart with SMU at $980 per ton and Platts at $960 per ton.

SMU Note: Galvanized prices include $86 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 Midwest Mill (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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.

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