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 […]
Good evening from Atlanta, site of our 7th SMU Steel Summit Conference. We announced this morning that attendance for this conference is a new record. We are pleased to announce we registered 661 manufacturing, steel and industry executives for this year’s conference, breaking last year’s 434 record. Our “Pre-Summit” Conference program on Monday attracted approximately […]
Last week, Steel Market Update (SMU) saw prices as being modestly higher than the week before, while Platts held their prices steady. For the week, SMU had hot rolled up $10, but our $625 per ton average is still below the $630 being reported by Platts. Cold rolled prices averaged $815 per ton at SMU […]
It’s the night before the start of our 7th SMU Steel Summit Conference in Atlanta. We are prepared and ready to go, but our thoughts and prayers are with those trapped in Houston and the surrounding communities in Texas. There are a great many people registered for our conference who are coming from the areas […]
The three steel indexes followed by Steel Market Update reporting this past week saw prices differently. Steel Market Update, which gathered its pricing information on Monday through Wednesday of this past week, found prices to be lower on all flat rolled products and plate. Platts, on the other hand, reported hot rolled prices higher late […]
Based on the steel indexes followed by Steel Market Update (SMU), there were some very minor changes to hot rolled and cold rolled prices this past week, while coated products were unchanged and plate products fell. Both Platts and SMU had hot rolled falling by $5 per ton with both indexes reporting the HRC average […]
Flat rolled and plate steel prices were essentially flat this past week as both Steel Market Update and Platts saw hot rolled, cold rolled, galvanized and Galvalume steel prices remaining the same as the previous week. With Section 232 being put on the back burner, the flood of foreign steel imports (prompted by the original […]
Flat rolled steel price averages rose on all three indexes followed by Steel Market Update (SMU) this past week. Hot rolled has become the “hottest” product recently, according to steel buyers contacted by SMU during the week. Benchmark HRC rose to $625 per ton on Platts, as well as our own index. SteelBenchmarker, which only […]
The week ending July 21 was another mixed week for flat rolled steel and plate prices. Steel Market Update (SMU) steel price indices saw two products as being higher, two lower and one unchanged. Platts had two higher and one lower. SteelBenchmarker did not report prices this week as they only report twice per month. […]
Flat rolled prices were mixed this past week. Early last week we were collecting information from steel buyers who were advising Steel Market Update that steel mill lead times were short and there were still holes in the order books at many of the domestic mills. As the week progressed we found, especially after the […]
Flat rolled steel prices were mixed with SMU seeing increases in hot rolled, cold rolled, galvanized (.060″ G90) and Galvalume. SMU took plate prices down $15 per ton. Platts saw prices as stable on all but cold rolled, which they saw down $5 per ton compared to the prior week. We had a shortened week […]
Flat rolled steel prices inched higher this past week on the indexes followed by Steel Market Update (SMU). We saw just about everyone take benchmark hot rolled prices higher by $5 per ton. SMU took our HRC average from $600 to $605, Platts took theirs from $605 to $610 and SteelBenchmarker took theirs from $603 […]
Holiday Schedule for Steel Market Update: We will produce a short version of our newsletter on Sunday evening, July 2. We will not produce a newsletter on Tuesday, July 4, and our offices will be closed on both Monday and Tuesday of next week in observance of the Fourth of July Holiday in the USA and […]
Flat rolled steel prices had another mixed week of results based on our analysis of the steel indexes reporting last week. Hot rolled prices were up slightly on both the Steel Market Update (SMU) index as well as Platts. SMU saw the market as averaging $600 per ton, while Platts had it at $605 per […]
Two of the three steel indexes followed by Steel Market Update saw flat rolled prices as rising last week and steel plate prices sideways or down. The third index, SteelBenchmarker only produces their average steel prices twice per month and they saw the market as being lower on all products last week. Hot rolled averages […]
The slide in flat rolled steel prices was curtailed compared to previous weeks as prices on hot rolled, cold rolled, galvanized, Galvalume moved sideways to slightly lower while plate was sideways to slightly higher. All of the major flat rolled steel mills in the United States announced flat rolled price increases on Monday and Tuesday […]
For those of you either attending or thinking of attending the 2017 SMU Steel Summit Conference in Atlanta on August 28, 29 & 30th our room block at the host hotel, which is the Atlanta Airport Marriott Gateway Hotel located next to the Georgia International Convention Center (GICC). Even though our room block is complete […]
Flat rolled steel prices continued their decline this past week. We saw numbers sliding on all products on the indexes followed by Steel Market Update. Steel prices dropped on hot rolled, cold rolled, galvanized and Galvalume as well as plate products. Benchmark hot rolled pricing dropped $15 per ton to an average of $580 per […]
Flat rolled steel prices dropped last week as all three of the indexes followed by Steel Market Update (SMU) reported lower pricing. Benchmark hot rolled prices dropped by double digits last week with SMU and Platts at $595 per ton as the week ended and SteelBenchmarker dropping $12 per ton to $611 per ton. The […]