Steel Products Prices North America
November 1, 2015
Comparison Price Indices: SMU/CRU Break Thru $400 HRC Barrier
Written by John Packard
Flat rolled steel prices continued to erode at a moderate pace this past week. Steel Market Update reviewed the results of three other steel indexes as well as our own for the week ending October 30, 2015. We found, with the exception of the Platts indices, all of the other indexes saw prices down by double digits ($10 per ton or more) on most products.
Benchmark hot rolled coil broke through the $400 per ton ($20.00/cwt) price barrier at both SMU ($390) and CRU ($398), followed by Platts ($400) and SteelBenchmarker ($420) which also reported prices this past week.
