Steel Products Prices North America
October 9, 2016
Swoon Continues for Flat Rolled Steel Pricing
Written by John Packard
Flat rolled steel prices continued their swoon this past week, according to the steel indexes followed by Steel Market Update.
Benchmark hot rolled declined by $10 per ton ($.50/cwt) on our own HRC index average and $15 per ton ($.75/cwt) over at Platts. Both indexes have hot rolled averaging $500 per ton and the expectation is HRC will break through the $500 barrier as it has already been pierced by the domestic mills as demonstrated by the low end of the ranges presented by both indexes to their subscribers.
