Steel Products Prices North America
Comparison Price Indices: Minor Adjustments
Written by John Packard
February 12, 2017
We saw some “minor” slippage in flat rolled steel pricing this past week. When reviewing Platts (SteelBenchmarker did not report prices this past week) and our own steel indices we saw movement in hot rolled, cold rolled as stable, movement in galvanized and Galvalume and plate were stable.
Hot rolled prices were down $10 per ton to $610 per ton ($30.50/cwt) on the Steel Market Update index while Platts saw HRC down $5 per ton to $625 per ton ($31.25/cwt).
Cold rolled did not change as Platts remained at $830 per ton where they have been for a number of weeks and SMU remained at $820 per ton last week having adjusted CRC down $10 from the prior week at that time.
Galvanized was reported down $10 per ton with .060” G90 now averaging $894 per ton.
Galvalume .0142” AZ50, Grade 80 did not change this past week at $1126 per ton. The previous week (2 weeks ago) Galvalume dropped $15 per ton.
Platts reported plate at $690 per ton ($34.50/cwt) the same as the previous week.
We provide the extras being used for galvanized and Galvalume below.
SMU Note: Galvanized prices include $69 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.
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 The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.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
US HR prices rebound, no longer near parity with imports
US hot-rolled coil and offshore hot band moved further away from parity this week as stateside prices have begun to move higher in response to mill increases.
Galvanized buyers report solid demand, balanced inventories
Galvanized buyers reported solid demand and balanced inventories this week and were anticipating the sheet price increase announced by Cleveland-Cliffs on Wednesday.
HRC vs. CRC price spread jumps in second week of new year
The spread between cold-rolled coil (CRC) and hot-rolled coil (HRC) prices jumped during the week of Jan. 8 as cold rolled tags continued to rise while hot rolled tags held steady.
Cliffs increases sheet prices again, seeks $1,150/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,150 per ton for hot-rolled coil (HRC), according to a press release on Wednesday morning, Jan. 3.
Cliffs moves sheet prices higher, seeks $1,100/ton HRC
Cleveland-Cliffs is now targeting base prices of $1,100 per ton ($55 per cwt) for hot-rolled coil (HRC).