Steel Products Prices North America
August 20, 2017
Comparison Price Indices: No Rush to Higher Prices - Yet
Written by John Packard
The three steel indexes followed by Steel Market Update reporting this past week saw prices differently. Steel Market Update, which gathered its pricing information on Monday through Wednesday of this past week, found prices to be lower on all flat rolled products and plate. Platts, on the other hand, reported hot rolled prices higher late on Friday, while their other indices remained the same as the prior week. SteelBenchmarker, which only produces their prices twice per month, was mixed with hot rolled up $2 and cold rolled down $15. They also took plate prices down a whopping $50 per ton.
The hot rolled spread from low (SMU $615) to high (Platts $630) expanded slightly. Cold rolled average price averages ranged from a low of $786 per ton (SteelBenchmarker) to $800 per ton (Platts) with SMU seeing CRC prices down $15 to $795 per ton.
