Steel Products Prices North America
May 3, 2015
Comparison Price Indices: Change a Coming...
Written by John Packard
All of the domestic steel mills located east of the Rockies (except U.S. Steel) made flat rolled price increase announcements this past week. The first steel index to note an upward move in pricing was Platts where by the end of this past week had taken their hot rolled index up $5 per ton from $445 to $450 per ton. Steel Market Update (SMU) kept our hot rolled average the same as the previous week as we wait to gather enough data from buyers regarding how the mills are presenting new offers and if the sales people are holding the line. CRU was down $4 on Wednesday and SteelBenchmarker reported prices down $5 from their last report of a couple of weeks earlier.
Cold rolled prices ranged from a low of $565 (SMU) per ton to a high of $580 per ton (Platts). CRU was down $1 to $567 per ton and SteelBenchmarker dropped $17 per ton to $569.
