Steel Products Prices North America
November 8, 2015
Comparison Price Indices: SMU, CRU and Platts
Written by John Packard
The various flat rolled steel indexes followed by Steel Market Update are falling in line and reporting hot rolled, cold rolled, galvanized and plate prices the same. We find this interesting as the various steel price collection techniques are slightly different from one another. Could this be a harbinger that flat rolled prices are close to a bottom (or just a coincidence)?
Over the past few months there have been discrepancies between the various indexes although there have been no doubts as to the direction prices were headed. This past week the indexes followed by Steel Market Update (SMU) and that reported flat rolled steel prices last week were within a few dollars of each other on all flat rolled and plate products.
