Prices
SMU Price Ranges & Indices: Quiet Week
Written by John Packard
December 29, 2015
This is normally the week when many buyers (and sellers) of steel tend to take an extended holiday and this year is no exception. Without a large number of price points to reference we have chosen to keep our prices in line with what we reported this past 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 $350-$400 per ton ($17.50/cwt- $20.00/cwt) with an average of $375 per ton ($18.75/cwt) 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. SMU price momentum for hot rolled steel has prices rising over the next 30 days.
Hot Rolled Lead Times: 3-6 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. Both the lower and upper ends of our range were unchanged compared to last week. Our overall average is the same as it was one week ago. SMU price momentum for cold rolled steel is for prices to increase over the next 30 days.
Cold Rolled Lead Times: 5-8 weeks.
Galvanized Coil: SMU Base Price Range is $24.50/cwt-$26.50/cwt ($490-$530 per ton) with an average of $25.50/cwt ($510 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. Our price momentum on galvanized steel is for prices to move higher over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $550-$590 per net ton with an average of $570 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 5-10 weeks.
Galvalume 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 is the same as it was one week ago. Like the other flat rolled products mentioned above our price momentum for Galvalume is currently pointing towards an increase in prices over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $791-$831 per net ton with an average of $811 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 6-8 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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