Steel Products Prices North America
December 4, 2018
SMU Price Ranges & Indices: It's a Roller Coaster Ride
Written by John Packard
Flat rolled steel prices seem to be on a bit of an extra rollercoaster ride as the domestic mills fill out any holes in their order book for December and book new orders for January and February. Over the past few weeks, Steel Market Update has managed to collect some very low data points on flat rolled products (low $700’s on hot rolled, low $800’s on cold rolled and as low as $800 per ton on galvanized). Our flat rolled averages continue to drop as we take these in-and-out shots by product into consideration. This also affects our spreads (low to high) on each of the flat rolled products.
Plate products continue to weather the storm seen on the flat rolled side. Lead times and the negotiation posture of the plate mills continue to be intact. Our spot price average on plate remained the same this week as last.
