Steel Products Prices North America
SMU Price Range & Indices: Prices Still Moving Higher
Written by John Packard
November 19, 2013
Flat rolled steel prices rose modestly this past week with averages adjusting higher by anywhere from $5 to $15 per ton. We are seeing a slightly larger spread between the highs and the lows. We are also seeing a larger spread in lead times out of the domestic steel mills based on our survey results so far this week. Our SMU Price Momentum Indicator continues to point toward higher prices over the next 30 days.
Here is how we are seeing prices this week:
Hot Rolled Coil: SMU Range is $650-$690 per ton ($32.50/cwt- $34.50/cwt) with an average of $670 per ton ($33.50/cwt) fob mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased by $10 per ton. 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: 3-8 weeks.
Cold Rolled Coil: SMU Range is $760-$780 per ton ($38.00/cwt- $40.00/cwt) with an average of $780 per ton ($39.00/cwt) fob mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased by $20 per ton. Our average is now $10 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 $760-$800 per ton ($38.00/cwt- $40.00/cwt) with an average of $780 per ton ($39.00/cwt) fob mill, east of the Rockies. Both the lower and upper ends of our range increased by $10 per ton compared to last week. Our average is now $10 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 $820-$860 per ton with an average of $840 per ton.
Galvanized Lead Times: 4-10 weeks.
Galvalume Coil: SMU Base Price Range is $760-$810 per ton ($38.00/cwt- $40.50/cwt) with an average of $785 per ton ($39.25/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 increased by $20 per ton. Our average is now $15 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 $1051-$1101 per ton with an average of $1076 per ton.
Galvalume Lead Times: 6-8 weeks.
{amchart id=”110″ Pricing Article Graph- All Products}
John Packard
Read more from John PackardLatest in Steel Products Prices North America
CRU: Longs pricing trends diverge in North, South America
Most longs prices in the US were unchanged this month, except for rebar, which declined by $1.50/cwt ($30/short ton) m/m. While end-use demand is stable, inventories are well-stocked, keeping purchases limited. Domestic availability is sufficient to meet current demand, hindering the appetite for imported material. Meanwhile, prices for scrap remained under pressure in June, with […]
Nucor cuts plate prices by $125/ton, cites ongoing competition
Nucor Corp. announced that its plate mill group would cut prices for as-rolled, discrete, and normalized plate with the opening of its August order book.
Nucor cuts HR price for fourth straight week
Nucor lowered its consumer spot price (CSP) for hot-rolled (HR) coil by another $10 per short ton (st) for the first week of July. The steelmaker said in a letter to customers on Monday that its CSP base price for the week will be $670/st for all of its sheet mills with the exception of California Steel Industries (CSI).
Cliffs sets $720/ton HR price with opening of August books
Cleveland-Cliffs on Tuesday announced its monthly hot-rolled (HR) coil price of $720 per short ton (st) with the official opening of its August order book. The rate is down from last month’s price of $800/st.
CRU: Demand weakness continues to weigh on global sheet markets
Demand has remained persistently weak across the globe for sheet steel, weighing on prices. US HR coil prices fell the furthest this week as high-volume, low-priced deals were transacted as mills looked to fill order books and competed with one another amid relative demand weakness. Meanwhile, European prices were also down due to low demand […]