Steel Products Prices North America
May 17, 2015
Comparison Price Indices: The Turn
Written by John Packard
First, a quick note to our readers that follow the Steel Market Update (SMU) indices closely, after speaking with dozens of steel buyers of hot rolled products at the Metal Industry Dinner (Boy Scout Dinner) in Chicago we adjusted the lower end of our range to $440 per ton. This resulted in our HRC average dropping to $465 per ton which is what is represented in the table below.
A second comment we want to make about our SMU average is we do not weight our index. The average is the midpoint between the high and the low of our range. At the end of this week our range was $440 to $490 per ton with the midpoint being $465. It is important to note that we are collecting much more data at $440-$460 than we are over $460 per ton.
