Steel Products Prices North America
December 29, 2016
2016 Flat Rolled Steel Pricing Review
Written by John Packard
We are but a few days away from the beginning of the New Year. We thought it prudent as we plan for 2017 that we take a look at what transpired with flat rolled steel prices over the course of the past 12 months. Because the market “bottomed” in December 2015 we have expanded our price scope slightly to incorporate that event into our 2016 scenario.
Our graphic (see below) begins with hot rolled prices being $390 per ton ($19.50/cwt) and cold rolled (blue line) at $515 per ton base ($25.75/cwt) and galvanized at $520 per ton ($26.00/cwt). The spread between hot rolled and cold rolled was $125 per ton ($6.25/cwt) with galvanized being $130 per ton ($6.50/cwt). These were the typical spreads seen during 2015.
