SMU Price Ranges & Indices: Sideways with Upward Pressure

However, even though price offers are up at most mills we continue to collect numbers below $680 per ton on hot rolled and below $40.00/cwt on coated.

Even so, our Price Momentum Indicator continues to point toward higher prices over the near future.

Here is how we are seeing prices this week:

Hot Rolled Coil: SMU Range is $660-$690 per ton ($33.00/cwt- $34.50/cwt) with an average of $675 per ton ($33.75/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. Our expectation is for hot rolled pricing to move higher over the next 30 days.

Hot Rolled Lead Times: 3-6 weeks.

Cold Rolled Coil: SMU Range is $790-$815 per ton ($39.50/cwt- $40.75/cwt) with an average of $803 per ton ($40.125/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 higher over the next 30 days.

Cold Rolled Lead Times: 5-8 weeks.

Galvanized Coil: SMU Base Price Range is $790-$815 per ton ($39.50/cwt- $40.75/cwt) with an average of $803 per ton ($40.125/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 higher over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $850-$875 per ton with an average of $863 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-8 weeks.

Galvalume Coil: SMU Base Price Range is $790-$820 per ton ($39.50/cwt- $41.00/cwt) with an average of $805 per ton ($40.25/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. Our expectation is for Galvalume prices to move higher over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1081-$1111 per ton with an average of $1096 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 5-8 weeks.

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