The US Midwest Hot-rolled Coil Index, known as the CRU, is the trusted and established steel sheet benchmark. Find out more from CRU on hot rolled coil steel prices and analysis.
The article reports that steel industry price compiler Commodity Research Unit (CRU) group has announced its plans to audit its data providers as part of an initiative to increase transparency in price indexes following the rate-fixing scandal created by the London Interbank Offered Rate (Libor)....
It is important for service centers to understand what the mills are trying to accomplish. What is a CRU-minus contract? The steel mill and end user or service center agree to use the CRU indices- which calculate the current spot index or average on various products, such as hot-rolled ...
We know that these are difficult times for everyone and therefore we would like to reiterate key elements of the plans as they relate to prices that are important to you. People and index integrity All our global price analysts are working from home or are otherwise appropriately physically shel...
Size PR Load Index Rim Tube Type Tread depth (mm) Inflated Dimensions (mm) Load Capacity (kg) Inflation Pressure (kpa) Remark SW OD 40km/h 40km/h 600/55-26.5 20 165A8/175A2 AG 20.00 TT/T...
The article reports that Charlotte, North Carolina-based steel producer Nucor has joined a growing number of American steel sheet mills which are refusing to accept new deals based on CRU's discounted Midwest hot rolled coil index price. Nucor claims discounted index-based contracts have not shown...
The article reports that steelmaker Severstal North America has established minimum base prices for its flat-rolled steel products. Effective April 22, 2013, Severstal's new price for hot rolled coil (HRC) will be 32 U.S. dollars per hundredweight, while cold rolled coil and hot-dipped ...
Results indicate that the integrity of the index is strong, with overall compliance with required methodology and definitions. Data providers had a strong understanding of the importance of following clear specifications, and reporting in a consistent manner. Nevertheless, there...
CRU’s U.S. Midwest hot-dipped galvanised (HDG) coil base price index will be used in the settlement of the Chicago Mercantile Exchange’s (CME’s) new cash-settled U.S. Midwest Domestic Steel Premium (CRU) Futures contract.