Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/e0eef78dd9d32d44cc003860cb65517b.jpg)
A Note to our Galvanized Readers
Written by John Packard
December 5, 2014
Steel Market Update publisher, John Packard, spoke to the Heating, Air-conditioning, Refrigeration Distributors International (HARDI) conference this afternoon. Many of the HARDI wholesalers and associated companies are involved with galvanized sheet and coil steels.
As SMU prepared to speak to the group we realized that many times the industry references benchmark hot rolled prices and not galvanized prices when speaking about the industry. We thought it would be helpful to the HARDI wholesalers as well as others associated with the steel industry if we provided some guidance as to how to translate hot rolled coil pricing to a galvanized base price.
Hot rolled coil (HRC) prices can be referenced in either dollars per ton ($/ton) or by hundredweight (cwt). The financial community, industry publications and the steel mills themselves tend to use dollars per ton when speaking about HRC prices.
Steel Market Update’s most recent hot rolled price average is $620 per ton ($31.00/cwt) and most of the other indices are very close to the SMU number as well.
Historically, the spread between hot rolled coil base pricing and that of cold rolled and coated (galvanized) are $100 to $120 per ton ($5.00/cwt to $6.00/cwt).
Our galvanized average is currently $730 per ton ($36.50/cwt base) which is $110 per ton above our $620 hot rolled number ($31.00/cwt base).
Over the past two years (January 2013 until this week) hot rolled has averaged $641 per ton while galvanized base prices have averaged $751 per ton ($110 per ton spread).
When business is weak we tend to see the spread shrink to $100 per ton and when it is quite strong the spread expands to $120 per ton. At $110 per ton over the past two years we seem to be in a Goldilocks zone – not too hot and not too cold – just about right.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Steel Products Prices North America
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/Down_Arrow-1.png)
SMU price ranges: Sheet drops as market debates where/when a floor will be found
US sheet prices remained on a downward course again this week amid chatter in some corners about a potential broader slowdown in demand. SMU’s hot-rolled (HR) coil price now stands at $730 per short ton (st) on average, down $20/st from last week and down $115/st from a recent high of $845/st in early April. […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/07/CRU-Logo-2023-07-21-at-4.35.41-PM.png)
CRU: Falling steel prices limit demand for imports into US
The recent decline in US hot-rolled (HR) coil and longs prices has further restricted demand for imported material. Despite the decline in US sheet prices, CR coil and HDG imports remain attractive. While demand for imports of longs products has been limited, buyers have increased imports of wire products to avoid wire rods’ higher tariffs. […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/dollar.png)
Galvanized prices maintain big premium over HR
Prices for hot-rolled (HR) coil in recent weeks have been declining faster than those for galvanized sheet, resulting in a growing price spread between the two steel products.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/Down_Arrow-1.png)
SMU price ranges: Sheet down broadly, HR $35/t lower
Sheet prices fell across the board this week – largely in response to Nucor’s $65-per-short-ton price cut for hot-rolled (HR) coil on Monday morning. SMU’s HR coil price is $780/st on average, a $35/st decrease week over week (w/w). Our average cold-rolled coil price is $1,090/st (down $30/st w/w). Our galvanized base price is $1,100/st […]
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Nucor.png)
Nucor surprises with $65/ton price drop for HRC
Nucor started off May with a bang, dropping its weekly base spot price for hot-rolled (HR) coil by $65 per short ton (st) this week.