Steel Products Prices North America
October 23, 2016
Comparison Price Indices: Last Drop?
Written by John Packard
Flat rolled steel prices have broken through some key barriers over the past couple of weeks as benchmark hot rolled crashed through $500 per ton and cold rolled has now broken through $700 per ton. It was not just the Steel Market Update steel index average moving lower, we saw Platts take their steel index averages down as well.
Hot rolled averages dropped $20 per ton ($1.00/cwt) on SMU’s index while by the end of the week Platts average was $25 per ton lower. Both indexes reported HRC to be averaging $470 per ton ($23.50/cwt). SteelBenchmarker, which we also cover, did not report prices this week as they only publish their indices twice per month.
