Steel Products Prices North America
April 3, 2016
Comparison Price Indices: Hot Rolled Moving on Up
Written by John Packard
Flat rolled steel prices continue to climb and there is quite a range out there when looking at the various indices. It is SMU opinion that the variances are due to collection techniques and the amount of data available to any specific index at the time they produce their numbers. SMU and Platts take into consideration the “asks” (what the mills are requesting be paid) and “bids” what the buyers are willing to pay. We also take into consideration how much “flexibility” we are finding with the mills as they negotiate with their customers.
We are seeing all items climbing including hot rolled steel which is clearly headed toward $460 per ton and probably higher in the coming weeks.
