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.
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 your username and password, 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 Prices}
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
