Steel Products Prices North America
February 18, 2017
Comparison Price Indices: Not Much Happened Last Week
Written by John Packard
Flat rolled steel spot prices have recently given back some of the gains made since the first price announcements were announced by U.S. steel mills in late October. In the past 13 weeks flat rolled prices increased by $160 per ton or more depending on product and the starting point for any specific steel buyer. Over the past few weeks we have seen some erosion in spot prices. Last week we found stability in most of the indexes followed by Steel Market Update (note: SteelBenchmarker reports prices twice per month).
Benchmark hot rolled coil now averages $ 618 per ton with SMU taking the position of HRC prices averaging $610, SteelBenchmarket $618 and Platts $625 per ton ($30.50/cwt, $30.90/cwt and $31.25/cwt).
