Steel Products Prices North America
September 1, 2016
SMU Price Ranges & Indices: Prices Drop by Double Digits on All Products
Written by John Packard
Steel Market Update intentionally did not solicit flat rolled steel price information during our Steel Summit Conference which was held on Monday through Wednesday of this week. Today, as we canvassed the market, we found a significant reduction in prices on all products. We heard reports of “slab rollings” at, or slightly below, $500 per ton. However, we do not take slab rollings into consideration in our price calculations as these are one time deals and do not represent everyday spot prices. We did see reductions in all products this week and every single flat rolled steel item we index was lower by a minimum of $10 per ton to as much as $30 per ton. These are big moves compared to the $5 and $10 movements we had been reporting in previous weeks.
Here is how we see prices this week:
