Steel Products Prices North America
December 2, 2014
SMU Price Ranges & Indices: HR Ties Low Point for the Year
Written by John Packard
Flat rolled steel prices began slipping once again as our benchmark hot rolled average broke through the $630 mark for the first time since the middle of March. The new average is now at the lowest level for the calendar year (tied with mid-March) and is poised to set a new low point for the year should prices continue to erode from here.
We shouldn’t get too freaked out over these levels as the range from high to low has been very modest throughout this calendar year, with $680 per ton being the high and $620 per ton the low. In the not too distant past we had months, in fact we had weeks, where prices moved $60 per ton, either on the way up or on the way down, during a pricing cycle.
