SMU Price Ranges & Indices: Holidays Keep Lid on Price Movements

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}