HRC Cost Indices
“From my point of view, CRU prices are the most common standards used for benchmarking spot market prices.”
Adam Murphy, Steel Commodity Manager, Thomas & Betts, a Member of the ABB Group, USA
CRU’s hot-rolled coil cost (HRC) indices are generated from CRU’s sophisticated Steel Cost Model. They represent movements in steel production costs for HRC based on the latest information on regional raw material, energy and labour input costs, local crude steel production and market dynamics. The reported steel cost indices also take into account estimations of capacity utilization and profitability across each region.
These unique indices, which date back to 2007, are available to CRU Steel Cost Service subscribers through the CRU Steel Cost Review which is published on the last Friday of each month. They will be made available to data providers for free from May 2014.
The cost indices complement our market leading HRC price indices in North America and Europe and will allow data providers to compare and contrast cost and price indices in both regions via the charting tool. The following indices will be available with historic data back to January 2012:
If you are interested in getting further information on the CRU Steel Cost Service, CRU Steel Cost Review or CRU HR coil cost indices or methodology, please email us.