Comparison price indices:essentially unchanged
time2017/09/11
Comparison price indices:essentially unchanged
There was little movement in the steel indexes followed by Steel Market Update (SMU) last week. Both Platts and SMU have hot rolled average as being $630 per ton ($31.50/cwt). Cold rolled average was $805 (+$5) out of Platts and $810 (-$5) on our own CRC index.
Galvanized was up $5 to $893 per ton for .060" G90 and $1116 per ton for .0142" AZ50, Grade 80 (+10) Galvalume.
Plate prices were unchanged on both indexes with SMU at $710 per ton (delivered) while Platts was $680 per ton FOB SE steel mill.
SMU Note: Galvanized prices include $78 in extras for a .060" G90 product. Galvalume prices include $291 in extras for a .0142” AZ50 Grade 80 product.
FOB points for each index:
SMU: Domestic Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
Platts: Northern Indiana Domestic Mill.
Plate price FOB points are different for each of the indexes:
SMU: FOB Delivered to the Customer (includes freight)
Platts: FOB Southeaster Mill (does not include freight)
Note that SteelBenchmarker produces numbers twice per month. On the weeks they produce numbers we will include them in the average. The weeks where they do not produce numbers (NA = not available) we will not include their outdated numbers in the CPI average.