Steel Products Prices North America
SMU Price Ranges & Indices: Taking a Breather?
Written by John Packard
November 3, 2015
We found flat rolled prices so far this week at about the same levels seen one week ago. Our hot rolled average remained at $390 per ton ($19.50/cwt) with both the upper and lower parts of our range at the same levels seen one week ago. The lower end of the cold rolled price range dropped modestly while both galvanized and Galvalume price ranges remained stable compared to this time last week.
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 $370-$410 per ton ($18.50/cwt- $20.50/cwt) with an average of $390 per ton ($19.50/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range were unchanged compared to last week. Our overall average is the same as one week ago. SMU price momentum for hot rolled steel has prices moving lower over the next 30 days.
Hot Rolled Lead Times: 1-4 weeks.
Cold Rolled Coil: SMU Range is $490-$540 per ton ($24.50/cwt- $27.00/cwt) with an average of $515 per ton ($25.75/cwt) FOB mill, east of the Rockies. The lower end of our range declined $10 per ton compared to one week ago while the upper end remained the same. Our overall average is down $5 per ton compared to last week. SMU price momentum for cold rolled steel is for prices to slip over the next 30 days.
Cold Rolled Lead Times: 4-7 weeks.
Galvanized Coil: SMU Base Price Range is $25.00/cwt-$27.00/cwt ($500-$540 per ton) with an average of $26.00/cwt ($520 per ton) FOB mill, east of the Rockies. Both the lower and upper ends of our range were unchanged compared to last week. Our overall average remains the same as one week ago. Our price momentum on galvanized steel is for prices to move lower over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $560-$600 per net ton with an average of $580 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 3-7 weeks.
Galvalume Coil: SMU Base Price Range is $26.00/cwt-$28.50/cwt ($520-$570 per ton) with an average of $27.25/cwt ($545 per ton) FOB mill, east of the Rockies. Both the lower and upper ends of our range remained the same compared to one week ago. Our overall average is unchanged over last week. Like the other flat rolled products mentioned above our price momentum for Galvalume is currently pointing towards lower prices over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $811-$861 per net ton with an average of $836 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 5-7 weeks.
SMU Note: Below is a graphic showing our hot rolled, cold rolled, galvanized, and Galvalume price history. To use the graphs interactive capabilities, you must view it on our website here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.
John Packard
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