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.
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Brett Linton
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