Steel Products Prices North America
SMU Price Ranges & Indices: Increases Slowing?
Written by Brett Linton
August 13, 2019
Flat rolled price increases seem to be slowing, based on what we learned from steel buyers this week. We did see some uptick, but only modest movement.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $550-$620 per ton ($27.50-$31.00/cwt) with an average of $585 per ton ($29.25/cwt) 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 remained the same. Our overall average is up $5 per ton compared to last week. Our price momentum on hot rolled steel is now Higher meaning we expect prices to increase over the next 30 days.
Hot Rolled Lead Times: 3-6 weeks
Cold Rolled Coil: SMU price range is $720-$800 per ton ($36.00-$40.00/cwt) with an average of $760 per ton ($38.00/cwt) FOB mill, east of the Rockies. The lower end of our range remained unchanged compared to last week, while the upper end rose $40 per ton. Our overall average is up $20 per ton compared to one week ago. Our price momentum on cold rolled steel is now Higher meaning we expect prices to increase over the next 30 days.
Cold Rolled Lead Times: 4-7 weeks
Galvanized Coil: SMU base price range is $37.00-$40.00/cwt ($740-$800 per ton) with an average of $38.50/cwt ($770 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 rose $10 per ton. Our overall average is up $5 per ton compared to last week. Our price momentum on galvanized steel is now Higher meaning we expect prices to increase over the next 30 days.
Galvanized .060” G90 Benchmark: SMU price range is $818-$878 per net ton with an average of $848 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-11 weeks
Galvalume Coil: SMU base price range is $38.00-$40.00/cwt ($760-$800 per ton) with an average of $39.00/cwt ($780 per ton) FOB mill, east of the Rockies. The lower end of our range remained unchanged 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 Higher meaning we expect prices to increase over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,051-$1,091 per net ton with an average of $1,071 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 4-8 weeks
Plate: SMU price range is $780-$800 per ton ($39.00-$40.00/cwt) with an average of $790 per ton ($39.50/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 declined $60 per ton. Our overall average is down $30 per ton compared to last week. Our price momentum on plate steel is Neutral, meaning we are waiting for the market to show a clear direction.
Plate Lead Times: 4-6 weeks
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
Read more from Brett LintonLatest in Steel Products Prices North America
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.