Flat rolled steel prices have broken through some key barriers over the past couple of weeks as benchmark hot rolled crashed through $500 per ton and cold rolled has now broken through $700 per ton. It was not just the Steel Market Update steel index average moving lower, we saw Platts take their steel index […]
Flat rolled steel prices continued their decline this past week according to the steel indexes followed by Steel Market Update. Two of the indexes (SMU & Platts) had benchmark hot rolled prices piercing the $500 per ton ($25.00/cwt) level in the spot markets in the United States and Canada. SteelBenchmarker did report prices but still […]
Flat rolled steel prices took a nose dive this past week according to the steel indexes followed by Steel Market Update. We saw large double digit drops in hot rolled, cold rolled, galvanized, Galvalume and plate. Benchmark hot rolled continues its march toward sub-$500 per ton averages. We lowered our average by $15 per ton […]
Two of the indexes followed by Steel Market Update (actually one index followed and our own) saw flat rolled steel market prices differently this past week. Our indices were relatively calm this past week having moved dramatically the previous week. Platts indices were all down by double digits and, in the case of hot rolled […]
Flat rolled steel prices continued to fall by double digits this past week on all of the steel indexes followed by Steel Market Update. As the pace of the slide has accelerated the spread between the indexes have increased. We have seen this same phenomena in the past which is caused by the differences in […]
Flat rolled steel prices continued their move lower with Platts taking their hot rolled and cold rolled averages down by $10 and $25 per ton, respectively. Steel Market Update (SMU) did not move our hot rolled and cold rolled prices on Tuesday of last week but we did make minor adjustments to galvanized and Galvalume […]
Flat rolled steel prices moved lower last week according to the steel indexes followed by Steel Market Update. Our own index saw hot rolled down $30 per ton, cold rolled as being down $10 per ton, galvanized down $20 per ton and Galvalume down $20 per ton. Platts saw their hot rolled average as being […]
Flat rolled prices dropped for yet another week with benchmark hot rolled coil moving below the $600 per ton mark. The three indexes SMU follows had hot rolled coil averaging $590 to $598 per ton. SMU understands there are offers for HRC out there at the $570 level and potentially less than that for large […]
The pace of the slippage in flat rolled prices accelerated this past week with many products being reported down $10 per ton or more by the indexes followed by SMU. Benchmark hot rolled was reported to be $15 per ton lower by Platts at $590 per ton while SMU had it down $5 to $595 […]
Flat rolled steel prices slipped across the board this past week as the domestic steel mills became more aggressive in order to finish filling their August order books (hot rolled) as well as September (cold rolled and coated). For the first time in many months, Steel Market Update adjusted our hot rolled and cold rolled […]
We saw minor erosion in hot rolled prices this past week according to the steel indexes followed by Steel Market Update. Both our own index as well as Platts dropped their HRC average by $5 per ton. As of the end of last week Steel Market Update was showing hot rolled as averaging $610 per […]
Flat rolled steel prices are relatively stable for yet another week according to the various steel indexes followed by Steel Market Update. SMU took two items slightly lower: cold rolled ($815/ton) and Galvanized .060” G90 ($880/ton). SteelBenchmarker, who only reports prices twice per month, saw hot rolled down $4/ton ($624/ton) and cold rolled was off […]
Home prices continued to rise in May but at a slower pace. The S&P CoreLogic Case-Shiller Home Price Indices for May shows the 20-city Composite posted a year-over-year gain of 5.2 percent in April, down from 5.4 percent in April. “Home prices continue to appreciate across the country,” says David M. Blitzer, Managing Director and […]
Flat rolled steel prices slipped on both Platts and Steel Market Update this past week. Benchmark hot rolled slid $10 per ton on SMU and $10 per ton on Platts with our average now down $8 per ton for the week. SteelBenchmarker did not report steel prices this past week. Cold rolled prices remained stationary […]
Flat rolled prices had a relatively “ho hum” week as we saw very little movement in any of the indexes with the exception of SteelBenchmarker which only produces prices twice per month. Benchmark hot rolled prices ranged from a low (average) from our own index which came in at $620 per ton for a second […]
Flat rolled steel prices continued to trade within a relatively narrow range this past week according to the steel indexes followed by Steel Market Update. Benchmark hot rolled coil was reported as being down $8 per ton by our own index while Platts has kept the product stable for yet another week. SMU HRC average […]
Flat rolled steel prices seem to have stabilized, even if there was some see-sawing among the indexes followed by Steel Market Update this past week. Benchmark hot rolled prices are hovering close to $630 per ton with SMU ($627.50 per ton), SteelBenchmarker ($627) and Platts ($630) all within $3 per ton of each other. Last […]
Home prices continued to climb in April according to the S&P/Case-Shiller Home Price Indices. Data released for April 2016 20-city composite showed a 0.5 percent month-over-month increase, and a gain of 5.4 percent year-over-year. Year-over-year rates were highest in cities in the West with Portland up 12.3 percent, Seattle up 10.7 percent, and Denver gaining […]
Both Platts and Steel Market Update saw flat rolled steel prices as dropping this past week. The question now is this the beginning of a correction or just a bump in the road? From the perspective of ArcelorMittal USA and NLMK USA this is just a bump. If the drop in steel prices continue this […]
There was very little movement in the SMU and Platts indices this past week. SteelBenchmarker, which only produces their index pricing twice per month, saw a modest rise in their numbers as they catch up with the other indices in the market. Hot rolled is about as close as it has been in many months […]
Last week Steel Market Update advised our readers that we were considering removing the Comparison Price Indices article from our newsletter. The index has more value, in our opinion, when there is a wider array of data points available to be compared. We publish only the indices where we have permission to do so. Over […]
A reminder that I will be in New York City beginning on Monday, June 13th and Tuesday, June 14th. I have a number of commitments but, if you would like to get together with me please shoot me an email: John@SteelMarketUpdate.com or you can text me while in NYC at: 770-596-6268. I will be at […]
Compared to what we have been seeing over the past two months, price movement last week was modest with hot rolled barely moving (SMU no change and Platts +$5, SteelBenchmarker did not report last week). Our hot rolled average is now $632.50 per ton. Cold rolled saw SMU take their price average up $15 per […]
Flat rolled steel prices continued their long march higher with all three indexes reporting benchmark hot rolled at, or exceeding, $620 per ton (SMU & Platts at $630 per ton). The spread between hot rolled and cold rolled and coated base prices continues to expand with CR at $190-$200 per ton and galvanized at $200 […]
The latest release of the S&P/Case-Shiller Home Price Indices shows home prices continue to rise across the U.S. On a year-over-year basis, the U.S. National Home Price Index in March gained 5.2 percent while the 10- and 20-City Composites remained unchanged at 4.7 percent and 5.4 percent, respectively. On a month-over-month seasonally adjusted basis the […]
We tend to see the various steel indexes become more “in tune” with one another once the steel mills decide to take a wait and see attitude about the market. Over the past few weeks, U.S. steel mills have (once again) managed to expand the spread between U.S. steel prices and those of foreign steel […]
On Monday of this week, Steel Market Update began canvassing the flat rolled steel market as part of our mid-May flat rolled steel market trends analysis. One of the areas we probe is that of mill lead times, the amount of time it takes to get an order produced for new orders placed this week. […]
Flat rolled prices have been very dynamic over the past few weeks with double digit price changes and, at times, more than one price change during the course of one week. This has kept the steel price indexes busy and has shown the strength and weaknesses of the collection techniques used by each index. Flat […]
Double digit flat rolled steel price moves seem to be a weekly occurrence over the past few weeks. Steel mills are controlling their flat rolled steel order books and restricting spot tons. Those buyers who did not recognize things were changing back in the fall when Steel Market Update began pointing out the changes in […]
The steel indexes followed by Steel Market Update showed flat rolled steel spot prices continuing their climb higher as all products moved by double digits. Both Platts and SMU took hot rolled prices up by $15 per ton, although there is a $15 per ton spread between the two indexes. Based on the SMU index, […]