Prices
Comparison Price Indices: Mostly Stable
Written by John Packard
May 13, 2018
Flat rolled and plate prices had yet another mixed week as there seems to be a semblance of balance in the flat rolled side of the market, while plate customers wait for new pricing.
Hot rolled prices were essentially unchanged with Steel Market Update’s average remaining at $880 per ton ($44.00/cwt). Platts moved their average up $1 per ton to $882 per ton.
Both Platts and SMU saw cold rolled prices as being down this past week. SMU dropped $15 per ton to $1,000 per ton ($50.00/cwt) and Platts was down $8 per ton to $1,012 per ton.
Galvanized prices were unchanged at both Platts ($1,114 per ton) and SMU ($1,101 per ton) for .060” G90.
Galvalume .0142” AZ50, Grade 80 was up $5 per ton, according to SMU.
Plate prices were down $5 and $4, respectively, according to SMU ($960 per ton) and Platts ($948 per ton).
SteelBenchmarker did not report prices this past week as they only report twice per month.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.
John Packard
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