Steel Products Prices North America
August 31, 2017
SMU Price Ranges & Indices: A Mixed Week
Written by John Packard
We did not review pricing earlier this week due to all of our staff being at the SMU Steel Summit Conference in Atlanta. During the conference, we did not want to discuss pricing in an open format. We did check on pricing today and found mixed results depending on the product. Within the data, we also found there were regional differences with those close to integrated steel mills seeing higher spot base pricing than those closer to electric arc furnace (EAF) minimills.
Our hot rolled average rose by $5 per ton and we are seeing a large portion of the data coming in around $31.50/cwt. We have had steel buyers tell us some of the mills have given up already on collecting higher prices on cold rolled and coated. But, that is by no means a universal opinion.
