Steel Products Prices North America
SMU Price Ranges & Indices: Reaction to Last Week's Increase Announcements
Written by John Packard
February 28, 2017
Flat rolled steel prices are starting to react to the price increase announcements made last week. We saw a large bump in the hot rolled price average while cold rolled, galvanized and Galvalume increases were a tad muted in comparison.
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. The lower end of our range increased $30 per ton compared to one week ago while the upper end increased $10 per ton. Our overall average is up $20 per ton compared to last week. Our price momentum on hot rolled steel is now pointing to Higher which means that prices are expected to increase over the next 30-60 days.
Hot Rolled Lead Times: 3-6 weeks
Cold Rolled Coil: SMU Range is $820-$850 per ton ($41.00/cwt-$42.50/cwt) with an average of $835 per ton ($41.75/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased $10 per ton. Our overall average is up $5 per ton compared to one week ago. Our price momentum on cold rolled steel is now pointing to Higher which means that prices are expected to increase over the next 30-60 days.
Cold Rolled Lead Times: 4-9 weeks
Galvanized Coil: SMU Base Price Range is $41.00/cwt-$43.00/cwt ($820-$860 per ton) with an average of $42.00/cwt ($840 per ton) FOB mill, east of the Rockies. The lower end of our range remained the same compared to one week ago while the upper end increased $20 per ton. Our overall average is up $10 per ton compared to last week. Our price momentum on galvanized steel is now pointing to Higher which means that prices are expected to increase over the next 30-60 days.
Galvanized .060” G90 Benchmark: SMU Range is $889-$929 per net ton with an average of $909 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-10 weeks
Galvalume Coil: SMU Base Price Range is $41.00/cwt-$43.00/cwt ($820-$860 per ton) with an average of $42.00/cwt ($840 per ton) FOB mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased $10 per ton. Our overall average is up $5 per ton compared to one week ago. Our price momentum on Galvalume steel is now pointing to Higher which means that prices are expected to increase over the next 30-60 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1111-$1151 per net ton with an average of $1131 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 5-9 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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