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    Plate

    September 18, 2018

    SMU Price Ranges & Indices: Slippage Continues for Flat Rolled, Plate Stable

    Written by Brett Linton

    Steel Market Update saw slippage in the lower end of the ranges on hot rolled, cold rolled and Galvalume steel prices this week. Galvanized remained the same, as did plate.

    Here is how we see prices this week:

    Hot Rolled Coil: SMU price range is $810-$890 per ton ($40.50/cwt-$44.50/cwt) with an average of $850 per ton ($42.50/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 rose $10 per ton. Our overall average is unchanged compared to last week. Our price momentum on hot rolled steel is Lower meaning we expect prices to decline over the next 30 to 60 days.

    Hot Rolled Lead Times: 3-6 weeks

    Cold Rolled Coil: SMU price range is $920-$990 per ton ($46.00/cwt-$49.50/cwt) with an average of $955 per ton ($47.75/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 remained the same. Our overall average is down $10 per ton compared to one week ago. Our price momentum on cold rolled steel is Lower meaning we expect prices to decline over the next 30 to 60 days.

    Cold Rolled Lead Times: 4-8 weeks

    Galvanized Coil: SMU base price range is $46.00/cwt-$49.50/cwt ($920-$990 per ton) with an average of $47.75/cwt ($955 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 compared to last week. Our price momentum on galvanized steel is Lower meaning we expect prices to decline over the next 30 to 60 days.

    Galvanized .060” G90 Benchmark: SMU price range is $998-$1,068 per net ton with an average of $1,033 per ton FOB mill, east of the Rockies. Note that we have adjusted our .060″ G90 extras from $86 per ton down to $78 per ton to reflect the recent adjustments in mill coating extras.

    Galvanized Lead Times: 4-9 weeks

    Galvalume Coil: SMU base price range is $46.50/cwt-$49.50/cwt ($930-$990 per ton) with an average of $48.00/cwt ($960 per ton) FOB mill, east of the Rockies. The lower end of our range declined $30 per ton compared to last week, while the upper end fell $10 per ton. Our overall average is down $20 per ton compared to one week ago. Our price momentum on Galvalume steel is Lower meaning we expect prices to decline over the next 30 to 60 days.

    Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,221-$1,281 per net ton with an average of $1,251 per ton FOB mill, east of the Rockies.

    Galvalume Lead Times: 6-9 weeks

    Plate: SMU price range is $980-$1,030 per ton ($49.00/cwt-$51.50/cwt) with an average of $1,005 per ton ($50.25/cwt) FOB the customer’s facility for orders to be delivered during the month of November. 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 plate steel is for higher prices once the mills open their October order books. The plate mills are on controlled order entry and are expected to remain that way over the next 30 days or longer.

    Plate Lead Times: 7-10 weeks, allocation/controlled order entry

    SMU Note: Below is a graphic showing our hot rolled, cold rolled, galvanized, Galvalume and plate price history. This data is available here on our website with our interactive pricing tool. Note that plate prices are not yet available on our website, but we are in the process of adding that dataset. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or 800-432-3475.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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