Steel Products Prices North America
December 13, 2016
SMU Price Ranges & Indices: Consolidating Increases
Written by John Packard
Flat rolled prices rose again this week according to Steel Market Update sources. Our hot rolled, cold rolled, galvanized and Galvalume indices increased by $10 to $20 per ton and are very close to maximizing the increase announcements made two weeks ago. At that time the target was clearly set for $600 per ton hot rolled and $820 per ton base cold rolled and coated. We are within $20 per ton (or less) of the goal on each of the products.
SMU sources are split on whether there will be another price announcement before the New Year. Either way, the expectation is for prices to move perhaps another $40 per ton once we get into early January. One of the triggers for the increase will be higher ferrous scrap numbers.
