Steel Products Prices North America

SMU Price Ranges & Indices: All is Quiet Due to Holidays

Written by John Packard

December 30, 2014

There is one word that comes to mind when trying to write about the status of steel prices: quiet. All is quiet as the few buyers that remain in their offices are spending precious little time buying new steel. With limited information available we have chosen to keep our price ranges and indices the same as last week and we will sort it all out again next week when everyone is back to work.

Here is how we see flat rolled prices this week:

Hot Rolled Coil: SMU Range is $580-$620 per ton ($29.00/cwt- $31.00/cwt) with an average of $600 per ton ($30.00/cwt) FOB mill, east of the Rockies. Both the upper and lower ends of our range are unchanged compared to last week. Our average is the same as one week ago. SMU price momentum for hot rolled steel is for prices to drift and trend lower over the next 30 days.

Hot Rolled Lead Times: 2-5 weeks.

Cold Rolled Coil: SMU Range is $690-$740 per ton ($34.50/cwt- $37.00/cwt) with an average of $715 per ton ($35.75/cwt) FOB mill, east of the Rockies. Both the upper and lower ends of our range are unchanged compared to one week ago. Our average is the same as last week. SMU price momentum on cold rolled steel is for prices to drift and trend lower over the next 30 days.

Cold Rolled Lead Times: 4-9 weeks.

Galvanized Coil: SMU Base Price Range is $34.50/cwt-$37.50/cwt ($690-$750 per ton) with an average of $36.00/cwt ($720 per ton) FOB mill, east of the Rockies. Both the upper and lower ends of our range are unchanged compared to last week. Our average is the same as one week ago. SMU anticipates galvanized prices will drift and trend lower over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $759-$819 per ton with an average of $789 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-9 weeks.

Galvalume Coil: SMU Base Price Range is $34.50/cwt-$37.50/cwt ($690-$750 per ton) with an average of $36.00/cwt ($720 per ton) FOB mill, east of the Rockies. Both the upper and lower ends of our range are unchanged compared to one week ago. Our average is the same as last week. Our expectation is for Galvalume prices to drift and trend lower over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $981-$1041 per ton with an average of $1011 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 4-9 weeks.

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John Packard

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