Steel Products Prices North America
July 11, 2017
SMU Price Ranges & Indices: Quiet Market Yields Mixed Results
Written by John Packard
The market has become “quiet” over the past week and our sources (steel buyers) are providing mixed messages, which is showing up especially in our galvanized index whose average was down $25 per ton today. The GI number was impacted by cheap pricing being reported on commodity grade galvanized with one GI buyer telling us, “We have seen very little movement since the price increases around 6/6/17. The mills are still willing to negotiate in an effort to fill their books. You do not have to work very hard to get a number under $38 base.” Others have reported higher prices, but for minimal tonnage.
Hot rolled has been one of the stronger items we have seen over the past few weeks. There is a narrow range for HRC at $600-$620 per ton.
