Steel Products Prices North America
March 4, 2018
Comparison Price Indices: Big Jump Last Week
Written by John Packard
Flat rolled steel prices surged this past week on all of the steel indexes followed by Steel Market Update. Benchmark hot rolled reached the $800 per ton mark ($40.00/cwt) on Platts with SMU’s HRC index close behind at $790 per ton. SteelBenchmarker, which only produces its index twice per month, was trailing way behind, raising their index by $40 per ton since the last time they reported. But at $760 per ton, they seem to be out of the mainstream.
Cold rolled jumped over the $900 per ton ($45.00/cwt) mark and hit $935 per ton ($46.75/cwt) on Platts, which for them was up $43 per ton during the course of the week. SMU at $905 per ton was also up big at +$45 per ton, while SteelBenchmarker was up $19 and trailed way behind at $876 per ton.
