SMU Price Ranges & Indices: Stable to Slightly Lower

Hot Rolled Coil: SMU Range is $620-$660 per ton ($31.00/cwt- $33.00/cwt) with an average of $640 per ton ($32.00/cwt) FOB mill, east of the Rockies. Both the upper and lower ends of our range remained the same compared our last price index, but are down $10 per ton compared to prices released last Tuesday. Our average is unchanged from our last index, but down $10 per ton compared to one week ago. SMU price momentum for hot rolled steel is for prices to trend lower over the next 30 days.

Hot Rolled Lead Times: 2-5 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. Both the upper and lower ends of our range decreased by $10 per ton compared to last week. Our average is down $10 per ton compared to one week ago. SMU price momentum on cold rolled steel is for prices to trend lower over the next 30 days.

Cold Rolled Lead Times: 5-9 weeks.

Galvanized Coil: SMU Base Price Range is $36.50/cwt-$39.00/cwt ($730-$780 per ton) with an average of $37.75/cwt ($755 per ton) FOB mill, east of the Rockies. Both the upper and lower ends of our range decreased by $10 per ton compared to last week. Our average is down $10 per ton compared to one week ago. SMU anticipates galvanized base prices will trend lower over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $799-$849 per ton with an average of $824 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-9 weeks.

Galvalume Coil: SMU Base Price Range is $37.00/cwt-$39.00/cwt ($740-$780 per ton) with an average of $38.00/cwt ($760 per ton) FOB mill, east of the Rockies. The lower end of our range declined by $10 per ton compared to last week while the upper end declined by $30 per ton. Our average is now $20 per ton lower compared to one week ago. Our expectation is for Galvalume prices to trend lower over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1031-$1071 per ton with an average of $1051 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 5-9 weeks.

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