Comparison Price Indices
Steel Market Update provides a weekly update of a number of price indexes and compiles their flat rolled price assessments on hot rolled, cold rolled, galvanized, Galvalume, and plate. The assessments noted are for the week prior and are published on Sunday of the following week.
FOB points vary by index and can have a major impact on pricing when comparing one index to another. Steel Market Update pricing is FOB Domestic Mill, east of the Rocky Mountains. SteelBenchmarker produces their price assessments twice per month and their FOB point is domestic mill, east of the Mississippi River. Platts pricing is done daily and their FOB point is Northern Indiana Mill.
Note that our Galvanized prices include $78 in extras for a .060" G90 product and Galvalume prices include $291 in extras for a .0142” AZ50 Grade 80 product.
ALREADY A SMU MEMBER? SIGN IN BELOW:
*Note: If you see your subscription information above, please renew or upgrade your membership to read the full article.