Flat rolled steel prices surged this past week on all of the steel indexes followed by Steel Market Update. Benchmark hot rolled reached the $800 per ton mark ($40.00/cwt) on Platts with SMU’s HRC index close behind at $790 per ton. SteelBenchmarker, which only produces its index twice per month, was trailing way behind, raising […]
We saw mixed results depending on which index you are following. SMU believes the variance is due to quotes vs. actual orders and the fact that many buyers who are reporting prices may not have actually bought flat rolled steel products in the spot market (from mills) over the past week. We are well aware […]
Flat rolled steel prices had a mixed week as benchmark hot rolled came close to $750 per ton for the first time since Jan. 17, 2012. We are seeing a shrinking of the spread between spot base prices for hot rolled and those of cold rolled and coated steels. Hot rolled prices rose on all […]
According to at least one steel index, hot rolled prices surged higher this past week. Steel Market Update saw the markets as being higher with coated making the largest weekly move. When it came to benchmark hot rolled, Platts moved their pricing up by $28 per ton (actually $27.50 but we rounded to $28) as […]
Hot rolled, cold rolled and plate prices increased last week, according to the steel indexes followed by Steel Market Update. Benchmark hot rolled prices, which recently passed through the $700 per ton barrier, reached $715 per ton on the SMU index and $718 per ton ($717.75) on Platts. SteelBenchmarker did not report prices last week […]
The steel community was probably disappointed this evening when President Trump failed to mention anything about the Section 232 investigation that has been hanging over the heads of the industry for one year. We will all need to wait to see if the president will do anything on the subject of steel and aluminum imports. […]
Flat rolled steel prices and those of plate fluctuated in both directions this past week depending on the steel index viewed. Benchmark hot rolled prices were up across all three of the indexes followed by Steel Market Update. SMU was the highest at $705 per ton ($35.25/cwt) with Platts ($700) and SteelBenchmarker ($668) following close […]
Flat rolled and plate steel prices moved higher last week, based on the steel indexes followed by Steel Market Update. Benchmark hot rolled is quickly approaching $700 per ton (average) with SMU having the highest pricing while Platts, which was at $695.75 on Friday morning, dropped to $694 ($693.50) when we checked again over the […]
Flat rolled steel prices moved higher this past week, according to the steel price indexes followed by Steel Market Update. It’s a combination of moving into the New Year and getting the holidays behind us, stronger demand on many products and the steel mills moving to collect some, if not all, of the recent flat […]
During the middle of this past week, a number of the domestic mills, led by Nucor in the east and California Steel in the west, raised flat rolled steel prices. With steel buyers just returning from the extended Christmas and New Years holidays, we found price offers were up, but the actual placement of orders […]
Flat rolled steel prices were essentially unchanged last week (week ending Dec. 29, 2017) due to the Christmas and New Year’s Holidays. The only exception being SteelBenchmarker, which only produces their indices twice per month with last week being one of those weeks. Hot rolled spot prices are hovering at, or near, $640 per ton […]
Flat rolled and plate steel prices moved higher this past week, according to all of the steel indexes followed by Steel Market Update. Benchmark hot rolled jumped to $640 per ton on both Steel Market Update (SMU) and Platts indexes. SteelBenchmarker did report prices and their HRC average was $626 per ton, up $8 per […]
Flat rolled prices moved higher as the domestic mills announced yet another price increase this past week. There is now a large division between Platts and Steel Market Update (SMU) steel indexes as we prefer to wait a few days to let the dust settle after an increase has been announced. Benchmark hot rolled, prior […]
We had yet another week of “mixed” spot pricing in flat rolled and plate products, according to the Steel Market Update (SMU), Platts and SteelBenchmarker steel price indexes. Benchmark hot rolled was down for the week, according to the SMU and Platts steel price indexes. SMU saw the HRC price average as $615 per ton, […]
Flat rolled steel Price Momentum ended the month as it began, pointing to a sideways or “mixed” market. Our flat rolled steel price indices averages over the past three months show very little movement in steel prices. Benchmark hot rolled averaged $610 per ton, which is actually lower than the $620 average we saw at […]
Flat rolled steel prices were once again “mixed” with hot rolled prices higher, cold rolled lower (on SMU), galvanized lower, Galvalume no change and plate higher this past week compared to the previous week. Both Platts and Steel Market Update (SMU) saw the benchmark hot rolled price average as higher this past week. The spread […]
Flat rolled steel prices are still mixed, according to the various steel indexes followed by Steel Market Update. SteelBenchmarker produced prices this past week and saw all items as moving higher. Platts, on the other hand, had a modest increase in hot rolled and a fairly significant decrease in cold rolled while plate remained the […]
Flat rolled prices were mixed this past week with benchmark hot rolled dropping some of its recent gains. The spread between Steel Market Update (SMU) and Platts on cold rolled shrunk compared to what we reported one week ago. Coated products were mixed with galvanized steel remaining at prior-week levels and Galvalume increasing by $10 […]
Flat rolled steel prices moved higher, while steel plate prices slipped this past week, according to the steel indexes followed by Steel Market Update. Benchmark hot rolled price averages exceeded $600 per ton ($30.00/cwt) on both Platts ($620 per ton) and Steel Market Update (SMU), which was a little lower at $605 per ton. SteelBenchmarker […]
Flat rolled steel prices were seen as bouncing higher, according to the Platts steel indices. Platts had hot rolled up $22 per ton to $613.75 (we rounded it to $614), while SteelBenchmarker was down $10 to $600 per ton. Steel Market Update reported HRC down $5 to $580 per ton. We saw a similar change […]
Many of the domestic steel mills raised prices on Tuesday and Wednesday of this past week. ArcelorMittal USA lead the way by announcing specific “minimum” base prices on hot rolled ($625 per ton), and cold rolled and galvanized steels ($825 per ton each). The other mills all announced $40 per ton price increases (which to […]
Prior to the ArcelorMittal USA price increase announcement, Steel Market Update analysis of steel prices found flat rolled steel prices continuing their slow slog south (prices are moving lower). The pace has not accelerated, but there are questions as to whether some of the steel mills are cutting “quiet” deals in order to fill their […]
The pace of the slide affecting flat rolled and plate steel prices quickened this past week. Steel Market Update (SMU) analyzed the price movements reported by Platts, SteelBenchmarker and SMU and found that almost every product was lower by the end of the week than it was the previous week. Benchmark hot rolled broke through […]
Steel Market Update (SMU) found steel prices mixed this past week on not only our own index, but also that of Platts. In the past, we have seen this when there is limited buying due to a slowdown in business or in relationship to an expansion of inventories. Benchmark hot rolled was lower this past […]
Flat rolled steel prices slipped across the board this past week. All three steel indexes followed by Steel Market Update (SMU) saw prices as being down from as little as $1 per ton to as much as $20 per ton. Benchmark hot rolled continues to close in on $600 per ton with SMU down $5 […]
Flat rolled steel prices have begun to uniformly move lower based on what we have been collecting for steel price averages from ours and other steel indexes. Both Platts and Steel Market Update (SMU) had benchmark hot rolled as moving lower by $10 per ton this past week. Cold rolled prices were $10 lower on […]
Flat rolled steel average prices are once again “mixed” as some items have dropped, some have remained the same and some rose last week compared to the previous week. We received numbers from Platts, SteelBenchmarker and our own steel index late last week and we found hot rolled down $5 on SMU, up $7 on […]
There was little movement in the steel indexes followed by Steel Market Update (SMU) last week. Both Platts and SMU have hot rolled average as being $630 per ton ($31.50/cwt). Cold rolled average was $805 (+$5) out of Platts and $810 (-$5) on our own CRC index. Galvanized was up $5 to $893 per ton […]
The various steel indexes followed by Steel Market Update (SMU) had flat rolled and steel plate prices as mixed last week. SMU, Platts and SteelBenchmarker all had hot rolled prices as averaging $630 per ton. SMU had HRC up $5, SteelBenchmarker was up $10 and Platts remained the same as the prior week. Cold rolled […]
The following table is for the month of August 2017. Most of the data speaks for itself. We produce this information at the end of every month. There are a number of data points or reference points that are proprietary to Steel Market Update. These include our SMU Price Momentum Indicator which, at the end […]