Steel Products Prices North America

Comparison Price Indices: HR Averages $890
Written by Brett Linton
June 3, 2018
Flat rolled and plate prices had yet another mixed week, according to the latest comparison of leading price indices.
Steel Market Update’s hot rolled average decreased by $10 to $890 per ton, while Platts’ hot rolled price rose $4 to $894 per ton. SteelBenchmarker adjusted their hot rolled price to $886 per ton, up $5 from two weeks ago.
SMU’s cold rolled average was flat at $1,005 per ton, while Platts’ cold rolled price rose $1 to $1,016 per ton. The SteelBenchmarker cold rolled price rose $1 from two weeks ago to $996 per ton.
Galvanized prices remained steady at $1,096 per ton for SMU .060 G90. Platts’ galvanized index fell $3 to $1,113 per ton.
The SMU Galvalume .0142” AZ50 Grade 80 price was unchanged at $1,321 per ton.
Plate prices fell by $28, according to SMU, to $963 per ton. Platts reported a $1 increase for plate to $955 per ton, and SteelBenchmarker upped their price $8 to $935 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 do not report prices (NA = not available), their data is not included in the CPI average.

Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America

HRC-galvanized price gap edges higher
The premium galvanized coil carries over hot-rolled coil (HRC) coil has marginally widened in recent months. As of Sept. 16, the spread between these two products reached a three-month high of $175 per short ton (st), though it is still low by historical standards.

SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.

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.