SMU Data and Models
March 16, 2014
SMU Comparison Price Indices: Another Notch Lower
Written by John Packard
The indexes are beginning to spread out, especially on benchmark hot rolled coil pricing. Steel Market Update saw HRC prices down $15 per ton this past week, SteelBenchmarker was $16 per ton lower (but they only produce prices twice per month), CRU down $5 and Platts held the line even with the previous week.
The spread on cold rolled is might tighter than hot rolled with the four indexes averaging $753 per ton.
