Steel Products Prices North America
SMU Price Ranges & Indices: No Change
Written by Brett Linton
December 17, 2019
Flat rolled steel and plate prices remained range-bound this week. The latest price moves by the domestic steel mills (+$40/ton on flat rolled) did not have time to move the needle and take prices higher. As we enter the Christmas and Hanukkah Holidays, we anticipate minimal spot trades over the next couple of weeks. SMU still has our price momentum indicators on all products at “Higher” meaning we anticipate prices to move higher over the next 30 days.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $540-$600 per ton ($27.00-$30.00/cwt) with an average of $570 per ton ($28.50/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 Higher, meaning we expect prices to increase over the next 30 days.
Hot Rolled Lead Times: 3-7 weeks
Cold Rolled Coil: SMU price range is $740-$780 per ton ($37.00-$39.00/cwt) with an average of $760 per ton ($38.00/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range remained the same compared to last week. Our overall average is unchanged compared to one week ago. Our price momentum on cold rolled steel is Higher, meaning we expect prices to increase over the next 30 days.
Cold Rolled Lead Times: 4-8 weeks
Galvanized Coil: SMU base price range is $36.50-$39.50/cwt ($730-$790 per ton) with an average of $38.00/cwt ($760 per ton) FOB mill, east of the Rockies. The lower end of our range decreased $10 per ton compared to one week ago, while the upper end rose $10. Our overall average is unchanged compared to last week. Our price momentum on galvanized steel is Higher, meaning we expect prices to increase over the next 30 days.
Galvanized .060” G90 Benchmark: SMU price range is $799-$859 per net ton with an average of $829 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-10 weeks
Galvalume 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 decreased $20 per ton compared to last week, while the upper end rose $20. Our overall average is unchanged compared to one week ago. Our price momentum on Galvalume steel is Higher, meaning we expect prices to increase over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,031-$1,091 per net ton with an average of $1,061 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 7-8 weeks
Plate: SMU price range is $670-$710 per ton ($33.50-$35.50/cwt) with an average of $690 per ton ($34.50/cwt) FOB delivered to the customer’s facility. The lower end of our range increased $10 per ton compared to one week ago, while the upper end declined $10. Our overall average is unchanged compared to last week. Our price momentum on plate steel is now Higher, meaning we expect prices to increase over the next 30 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. 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
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