Economy
March 31, 2016
March 2016 at a Glance
Written by John Packard
March saw flat rolled steel prices rising throughout the month. SMU benchmark hot rolled average for the month was $427 per ton. This was slightly lower than Platts which revised their HRC number on the 30th which took their average up to $432 per ton. Both Platts and SMU monthly averages were higher than the CME Settlement which was $420 per ton for the month of March.
Hot rolled closed out the last week of the month at $440 per ton, cold rolled was $615 per ton while .060” G90 galvanized finished at $680 and .0142” AZ50, Grade 80 Galvalume ended the month at $916 per ton.
