Steel Products Prices North America
June 19, 2016
Price Spread Between HR and CR Largest Since 1993
Written by Peter Wright
While in New York City this past week Steel Market Update was asked if the spread between ferrous scrap prices and that of hot rolled coil was at historical highs? We were also asked if the spread between hot rolled and cold rolled/coated base prices were also at historical highs. We asked SMU contributing writer and SMU Steel 101 instructor, Peter Wright, to do an analysis of our pricing data and compare it to his scrap files which go back to 1990. Here is what Peter found:
SMU Publisher John Packard was speaking with a couple of companies at the Steel Success Strategies meeting last week who were thinking that the current steel price spread between scrap and hot rolled might be the largest in history. We decided to take a look at this and report to our subscribers. Steel Market Update compiles its own price data for HR and CR for which we have data back to January 1993. I also have AMM prices for Chicago Shredded back to January 1990 and Chicago #1 busheling back to January 2007 so here goes.
