SMU Price Ranges & Indices: Prices Slip

Here is how we see prices this week:

Hot Rolled Coil: SMU Range is $610-$640 per ton ($30.50/cwt- $32.00/cwt) with an average of $625 per ton ($31.25/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range declined $10 per ton compared to one week ago. Our overall average is down $10 per ton over last week. Our price momentum on hot rolled steel is for prices to remain range-bound (+/- $20 per ton) over the next 30 days.

Hot Rolled Lead Times: 4-7 weeks

Cold Rolled Coil: SMU Range is $800-$840 per ton ($40.00/cwt- $42.00/cwt) with an average of $820 per ton ($41.00/cwt) FOB mill, east of the Rockies. The lower end of our range declined $20 per ton compared to last week while the upper end declined by $10 per ton. Our overall average is down $15 per ton over one week ago. Our price momentum on cold rolled steel is for prices to remain range-bound (+/- $20 per ton) over the next 30 days.

Cold Rolled Lead Times: 5-8 weeks

Galvanized Coil: SMU Base Price Range is $40.50/cwt-$42.00/cwt ($810-$840 per ton) with an average of $41.25/cwt ($825 per ton) FOB mill, east of the Rockies. The lower end of our range declined $20 per ton compared to one week ago while the upper end declined by $10 per ton. Our overall average is down $15 per ton over last week. Our price momentum on galvanized steel is for prices to be range bound (+/- $20 per ton) over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $870-$900 per net ton with an average of $885 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 5-9 weeks

Galvalume Coil: SMU Base Price Range is $41.00/cwt-$42.00/cwt ($820-$840 per ton) with an average of $41.50/cwt ($830 per ton) FOB mill, east of the Rockies. The lower end of our range declined $10 per ton compared to last week while the upper end fell by $20 per ton. Our overall average is down $15 per ton over one week ago. Our price momentum on Galvalume steel is for prices to be range-bound (+/- $20 per ton) over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1111-$1131 per net ton with an average of $1121 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 4-8 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.