Steel Products Prices North America

SMU Price Ranges & Indices: Early Cracks
Written by Brett Linton
June 3, 2014
Steel prices are starting to slip. We have found a number of mills making price adjustments to their flat rolled steel offers over the past 24-48 hours. The steel mills are attempting to keep the reductions as minimal and quiet as possible. We are posting reductions in our averages, most occurring due to reductions on the lower end of our range (upper end is still getting some action). The net result has our price averages dropping by $5 to $15 per ton compared to where we were one week ago.
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 decreased by $10 per ton compared to last week while the upper end remained unchanged. Our average is now $5 per ton lower compared to last week. Our expectation is for hot rolled pricing to remain neutral over the next 30 days.
Hot Rolled Lead Times: 3-7 weeks.
Cold Rolled Coil: SMU 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 decreased by $30 per ton compared to last week while the upper end remained the same. Our average is now $15 per ton lower compared to last week. SMU anticipates cold rolled prices will remain neutral over the next 30 days.
Cold Rolled Lead Times: 4-10 weeks.
Galvanized Coil: SMU Base Price Range is $770-$820 per ton ($38.50/cwt- $41.00/cwt) with an average of $795 per ton ($39.75/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 unchanged. Our average is now $5 per ton lower compared to last week. SMU anticipates galvanized base prices will remain neutral over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $830-$880 per ton with an average of $855 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-9 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 decreased by $20 per ton compared to last week while the upper end decreased by $10 per ton. Our average is now $15 per ton lower compared to one week ago. Our expectation is for Galvalume prices to remain neutral 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 FOB mill, east of the Rockies.
Galvalume Lead Times: 4-8 weeks.
SMU Note: You can view the interactive graphic below when you are logged into the website and reading the newsletter online. If you have not logged into the website in the past and need a new user name and password we can do that for you out of our office. Contact us at: info@SteelMarketUpdate.com or by calling 800-432-3475. If you need help navigating the website we would also be happy to assist you.
{amchart id=”110″ Weekly Pricing Article Graph- Use for NEWSLETTER}

Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.

Nucor spot HR list price unchanged at $875/ton
Nucor kept its weekly list price for hot-rolled (HR) coil unchanged this week, following a price bump of $10 per short ton (st) last week.

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.