Steel Products Prices North America

SMU Adjusts Our Flat Rolled Steel Price Indices

September 3, 2015

After leaving our Steel Summit Conference, SMU began canvassing our flat rolled steel sources to see if there had been any further changes in prices of flat rolled steels (hot rolled, cold rolled, galvanized and Galvalume). We found three of the items dropped (hot rolled, cold rolled and galvanized) while Galvalume rose slightly.

Here is how we see spot flat rolled prices this week (all prices shown are in net tons which are equal to 2,000 pounds):

Hot Rolled Coil: SMU Range is $420-$460 per ton ($21.00/cwt- $23.00/cwt) with an average of $440 per ton ($22.00/cwt) FOB mill, east of the Rockies. The lower end of our range decreased $10 per ton compared to our Tuesday evening price, as did the upper end of our range. Our overall average is down $10 per ton compared to our last index.

Cold Rolled Coil: SMU Range is $550-$600 per ton ($27.50/cwt- $30.00/cwt) with an average of $575 per ton ($28.75/cwt) FOB mill, east of the Rockies. The lower end of our range decreased $10 per ton compared to our last published price, while the upper end rose $10 per ton. Our overall average is unchanged compared to our last price average.

Galvanized Coil: SMU Base Price Range is $27.00/cwt-$29.50/cwt ($540-$590 per ton) with an average of $28.25/cwt ($565 per ton) FOB mill, east of the Rockies. The lower end of our range decreased $20 per ton compared to our Tuesday evening price, while the upper end of our range remained the same. Our overall average is down $10 per ton compared to our last index.

Galvanized .060” G90 Benchmark: SMU Range is $609-$659 per net ton with an average of $644 per ton FOB mill, east of the Rockies.

Galvalume Coil: SMU Base Price Range is $28.75/cwt-$30.50/cwt ($575-$610 per ton) with an average of $29.625/cwt ($593 per ton) FOB mill, east of the Rockies. The lower end of our range increased $5 per ton compared to our last published price, while the upper end remained the same. Our overall average is up $2.50 per ton compared to our last price average.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $866-$901 per net ton with an average of $884 per ton FOB mill, east of the Rockies.