Steel Products Prices North America

SMU Price Ranges & Indices: Holidays Keep Lid on Price Movements
Written by John Packard
January 2, 2014
Based on our channel checks over the Holidays we found little to no movement in flat rolled steel prices as buyers sat on the sidelines (or were on vacation) waiting for the New Year to begin. Steel Market Update published our latest prices on Tuesday afternoon in our website.
Here is how we are seeing prices as of Tuesday of 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. Both the lower and upper ends of our range remained the same compared to last week’s prices. Our average is unchanged compared to last week. Our expectation is for hot rolled pricing to move sideways to slightly higher over the next 30 days.
Hot Rolled Lead Times: 3-8 weeks.
Cold Rolled Coil: SMU 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 remained the same compared to last week. Our average is unchanged compared to last week. SMU anticipates cold rolled prices will move sideways to slightly higher 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 remained the same compared to last week. Our average is unchanged compared to last week. SMU anticipates galvanized base prices will trend sideways to slightly higher over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $820-$860 per ton with an average of $840 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-10 weeks.
Galvalume Coil: SMU Base Price Range is $770-$810 per ton ($38.50/cwt- $40.50/cwt) with an average of $790 per ton ($39.50/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range remained the same compared to last week. Our average is unchanged compared to last week. The expectation is for Galvalume prices to move sideways to slightly higher over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1061-$1101 per ton with an average of $1081 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 5-9 weeks.
Below is an interactive graph with a history of the four products mentioned in this article. Note that the interactive graph only displays when you are reading this article in the Steel Market Update website. If you need assistance in logging into the website please contact us: info@SteelMarketUpdate.com
{amchart id=”110″ Weekly Pricing Article Graph- Use for NEWSLETTER}

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

SMU price ranges: Flat-rolled balloon continues to leak
Sheet and plate prices were flat or lower again this week on continued concerns about demand and higher production rates among US mills.

HRC vs. busheling spread narrows in August
The price spread between prime scrap and hot-rolled coil (HRC) narrowed in August, according to SMU’s most recent pricing data.

SMU Price Ranges: Market drifts lower still
All five of SMU's steel sheet and plate price indices declined this week, falling to lows last seen in February.

Discontentment brews in plate market with flat, status-quo pricing
Sources in the carbon and alloy steel plate market said they are less discouraged by market uncertainty resulting from tariffs or foreign relations, but are instead, eager to see disruption to the flat pricing environment.

Nucor lowers HR coil spot price by $15/ton
Nucor has implemented a double-digit price decrease on spot hot-rolled (HR) coil for the second consecutive week.