Steel Products Prices North America
September 17, 2016
Comparison Price Indices: Double Digit Drops
Written by John Packard
Flat rolled steel prices continued to fall by double digits this past week on all of the steel indexes followed by Steel Market Update. As the pace of the slide has accelerated the spread between the indexes have increased. We have seen this same phenomena in the past which is caused by the differences in collection and analysis techniques used by the various indexes.
Benchmark hot rolled slip $35 per ton on the SMU index average and we are now at $525 per ton ($26.25/cwt), Platts dropped $20 per ton during the course of the week and ended the week at $540 per ton ($27.00/cwt). SteelBenchmarker, which only produces prices twice per month, dropped $21 per ton to $577 per ton ($28.85/cwt). The average of the three indexes on HRC is $547 per ton.
