Steel Products
February 6, 2013
SMU Price Ranges & Indices: Some Modest Gains Made
Written by John Packard
The bottom end of our range exhibited some “tightening” over the past week – although not as much as one might expect in light of the size of the price increase announcements made by the domestic mills. Based on survey results the bottom end of the range for our benchmark hot rolled coil is no longer below $600 per ton. In fact, with the exception of cold rolled, each of the products we provide price assessments has seen the bottom end of their range rise modestly over the past week and, in some cases, we have also captured a very modest increase in the upper end of our range as well.
Here is how we see spot prices this week:
