Steel Products Prices North America
November 12, 2015
SMU HR Index at 7-Year Low
Written by John Packard
Earlier this week, Steel Market Update adjusted our benchmark hot rolled coil (HRC) index to reflect the average pricing we have been seeing as of the beginning of this week. We reported our average as being $380 per ton ($19.00/cwt) which also happens to be the lowest hot rolled price seen during the height of the Great Recession in 2009.
We thought our readers would be interested in seeing the path taken by hot rolled steel since the beginning of 2009 until today. What we find fascinating is the power of the jump in pricing since June 9, 2009 when it bottomed at $380 per ton. We saw prices jump almost to $900 per ton between then and early 2011.
