Steel Products Prices North America
SMU Price Ranges & Indices: Firm & Heading Higher
Written by John Packard
December 5, 2017
Flat rolled steel prices are firming and heading higher. SMU found hot rolled prices over the past week remaining the same as the week before. All of the other flat rolled products saw their averages move higher.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $590-$640 per ton ($29.50/cwt-$32.00/cwt) with an average of $615 per ton ($30.75/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 compared to last week. Our price momentum on hot rolled steel is now pointing to Higher indicating prices are expected to increase over the next 30-60 days.
Hot Rolled Lead Times: 3-5 weeks
Cold Rolled Coil: SMU price range is $770-$810 per ton ($38.50/cwt-$40.50/cwt) with an average of $790 per ton ($39.50/cwt) FOB mill, east of the Rockies. The lower end of our range increased $10 per ton compared to last week, while the upper end remained the same. 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 indicating prices are expected to increase over the next 30-60 days.
Cold Rolled Lead Times: 5-7 weeks
Galvanized Coil: SMU base price range is $37.00/cwt-$41.50/cwt ($740-$830 per ton) with an average of $39.25/cwt ($785 per ton) FOB mill, east of the Rockies. The lower end of our range increased $10 per ton compared to one week ago, while the upper end increased $20 per ton. Our overall average is up $15 per ton compared to last week. Our price momentum on galvanized steel is now pointing to Higher indicating prices are expected to increase over the next 30-60 days.
Galvanized .060” G90 Benchmark: SMU price range is $826-$916 per net ton with an average of $871 per ton FOB mill, east of the Rockies. Note that we have changed our G90 index extra from $78 per ton to $86 per ton which is the NLMK USA spot number and better indicator of the spot market than the extras being used by U.S. Steel. At this point, SMU is of the opinion that the $86 per ton will be where spot prices of .060″ G90 will be quoted during 1st Quarter 2018.
Galvanized Lead Times: 3-10 weeks
Galvalume Coil: SMU base price range is $39.00/cwt-$42.00/cwt ($780-$840 per ton) with an average of $40.50/cwt ($810 per ton) FOB mill, east of the Rockies. Both the lower and upper ends of our range increased $40 per ton compared to last week. Our overall average is up $40 per ton compared to one week ago. Our price momentum on Galvalume steel is now pointing to Higher indicating prices are expected to increase over the next 30-60 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,071-$1,131 per net ton with an average of $1,101 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 6-8 weeks
Plate: SMU price range is $660-$730 per ton ($33.00/cwt-$36.50/cwt) with an average of $695 per ton ($34.75/cwt) FOB delivered. The lower end of our range decreased $10 per ton compared to one week ago, while the upper end increased $10 per ton. Our overall average is unchanged compared to last week. Our price momentum on plate steel is now pointing to Higher indicating prices are expected to increase over the next 30-60 days.
Plate Lead Times: 4-6 weeks
SMU Note: Below is a graphic showing our hot rolled, cold rolled, galvanized, Galvalume, and plate price history. To use the graph’s 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 800-432-3475.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Atlas Tube up $50/ton following NLMK USA sheet price hike
Atlas Tube, in a leading move, said it aims to increase prices for mechanical tubing, hollow structural sections (HSS), and piling products by at least $50 per short ton (st).
NLMK USA up $50/ton on HR and CR, up $100/ton on coated
NLMK USA plans to increase prices for hot-rolled and cold-rolled coil by at least $50 per short ton (st). The move is effective immediately for all spot orders, the steelmaker said in a letter to customers on Friday.
SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.