Steel Products Prices North America
August 28, 2016
Comparison Price Indices: More Slippage
Written by John Packard
Flat rolled prices dropped for yet another week with benchmark hot rolled coil moving below the $600 per ton mark. The three indexes SMU follows had hot rolled coil averaging $590 to $598 per ton. SMU understands there are offers for HRC out there at the $570 level and potentially less than that for large tonnage orders and we continue to have our Price Momentum Indicator pointing toward lower prices over the next 30 days.
Cold rolled prices are sitting at, or close to, $800 per ton ($40.00/cwt) with SMU cold rolled average down $10 per ton for the week while Platts remained the same at $800 per ton. SteelBenchmarker reported prices this past week and had CR averaging $794 per ton.
