Steel Products Prices North America

SMU Price Ranges & Indices
Written by John Packard
November 12, 2013
With two mills announcing price increases this past week and the balance either following on a verbal basis or still considering what their position will be has made this week a transitional week. One where new prices are being quoted and customers move to place previously quoted orders – or are sitting back and waiting. Lots and lots of waiting in the market these days.
Here is how we are seeing prices this week:
Hot Rolled Coil: SMU Range is $650-$680 per ton ($32.50/cwt- $34.00/cwt) with an average of $665 per ton ($33.25/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for hot rolled is for prices to rise over the next 30 days.
Hot Rolled Lead Times: 3-6 weeks.
Cold Rolled Coil: SMU Range is $760-$780 per ton ($38.00/cwt- $39.00/cwt) with an average of $770 per ton ($38.50/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for cold rolled is for prices to rise over the next 30 days.
Cold Rolled Lead Times: 5-8 weeks.
Galvanized Coil: SMU Base Price Range is $750-$790 per ton ($37.50/cwt- $39.50/cwt) with an average of $770 per ton ($38.50/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for galvanized is for prices to rise over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $810-$850 per ton with an average of $830 per ton.
Galvanized Lead Times: 4-8 weeks.
Galvalume Coil: SMU Base Price Range is $750-$790 per ton ($37.50/cwt- $39.50/cwt) with an average of $770 per ton ($38.50/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for Galvalume is for prices to rise over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1041-$1081 per ton with an average of $1061 per ton.
Galvalume Lead Times: 5-8 weeks.
{amchart id=”110″ Pricing Article Graph- All Products}

John Packard
Read more from John PackardLatest in Steel Products Prices North America

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.

Nucor maintains plate prices, opens August order book
Nucor aims to keep plate prices flat again with the opening of its August order book.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.

Cliffs raises prices, seeks $950/ton for July spot HR
Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $950 per short ton (st) with the opening of its July spot order book. The Cleveland-based steelmaker said the price hike was effective immediately in a letter to customers dated Monday.

HRC vs. prime scrap spread widens in June
The price spread between HRC and prime scrap widened in June.