SMU Price Ranges & Indices: Near a Firm Bottom?

Hot Rolled Coil: SMU price range is $660-$700 per ton ($33.00/cwt-$35.00/cwt) with an average of $680 per ton ($34.00/cwt) FOB mill, east of the Rockies. The lower end of our range rose $10 per ton compared to one week ago, while the upper end fell $10 per ton. Our overall average is unchanged compared to last week. Our price momentum on hot rolled steel is Neutral meaning we expect prices to remain steady over the next 30 to 60 days.

Hot Rolled Lead Times: 2-5 weeks

Cold Rolled Coil: SMU price range is $780-$840 per ton ($39.00/cwt-$42.00/cwt) with an average of $810 per ton ($40.50/cwt) FOB mill, east of the Rockies. The lower end of our range rose $10 per ton compared to last week, while the upper end increased $20 per ton. Our overall average is up $15 compared to one week ago. Our price momentum on cold rolled steel is Neutral meaning we expect prices to remain steady over the next 30 to 60 days.

Cold Rolled Lead Times: 4-8 weeks

Galvanized 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. The lower end of our range rose $20 per ton compared to one week ago, while the upper end remained the same. Our overall average is up $10 per ton compared to last week. Our price momentum on galvanized steel is Neutral meaning we expect prices to remain steady over the next 30 to 60 days.

Galvanized .060” G90 Benchmark: SMU price range is $858-$918 per net ton with an average of $888 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-9 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. The lower end of our range rose $10 per ton compared to last week, while the upper end fell $10 per ton. Our overall average is unchanged compared to one week ago. Our price momentum on Galvalume steel is Neutral meaning we expect prices to remain steady over the next 30 to 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: 4-7 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 delivered to the customer’s facility. The lower end of our range remained the same compared to one week ago, while the upper end rose $10 per ton. Our overall average is up $5 per ton compared to last week. Our price momentum on plate steel is Lower meaning we expect mild erosion over next 30 to 60 days.

Plate Lead Times: 4-7 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.