Steel Products Prices North America
October 16, 2016
Comparison Price Indices: Just About Everything Heads Lower
Written by John Packard
Flat rolled steel prices continued their decline this past week according to the steel indexes followed by Steel Market Update. Two of the indexes (SMU & Platts) had benchmark hot rolled prices piercing the $500 per ton ($25.00/cwt) level in the spot markets in the United States and Canada. SteelBenchmarker did report prices but still lags the other two indexes on hot rolled and plate.
Benchmark hot rolled coil (HRC) was reported to be averaging $490 per ton on our SMU index. This is down $10 per ton from what we reported the previous week. Platts dropped their HRC average by the end of this past week to $495 per ton while SteelBenchmarker dropped their average by $14 per ton from a couple of weeks before last week (SteelBenchmarker only reports prices twice per month).
