Steel Products Prices North America

SMU Price Ranges & Indices: Flat to Lower
Written by Brett Linton
March 4, 2014
Steel prices were flat to slightly lower this week based on direct contact with buyers and our ongoing flat rolled steel market survey results.
Here is how we are seeing prices this week:
Hot Rolled Coil: SMU Range is $620-$650 per ton ($31.00/cwt- $32.50/cwt) with an average of $635 per ton ($31.75/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range were unchanged compared to last week. Our average is the same compared to last week. Our expectation is for hot rolled pricing to move lower over the next 30 days.
Hot Rolled Lead Times: 3-6 weeks.
Cold Rolled Coil: SMU Range is $740-$780 per ton ($37.00/cwt- $39.00/cwt) with an average of $760 per ton ($38.00/cwt) FOB mill, east of the Rockies. The lower end of our range decreased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton lower compared to last week. SMU anticipates cold rolled prices will move lower over the next 30 days.
Cold Rolled Lead Times: 5-8 weeks.
Galvanized Coil: SMU Base Price Range is $730-$760 per ton ($36.50/cwt- $38.00/cwt) with an average of $745 per ton ($37.25/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range decreased by $10 per ton compared to last week. Our average is now $10 per ton lower compared to last week. SMU anticipates galvanized base prices will trend lower over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $790-$820 per ton with an average of $805 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-8 weeks.
Galvalume Coil: SMU Base Price Range is $730-$770 per ton ($36.50/cwt- $38.50/cwt) with an average of $750 per ton ($37.50/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range were unchanged compared to last week. Our average is the same compared to last week. The expectation is for Galvalume prices to move lower over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1021-$1061 per ton with an average of $1041 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 5-8 weeks.
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Brett Linton
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