Prices
January 8, 2020
SMU Price Ranges & Indices: New Year, Same Uptrend
Written by Brett Linton
The uptrend in steel prices has continued into the New Year with flat rolled prices increasing by another $10-20 per ton. SMU’s Price Momentum Indicators continue to point higher for all steel products.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $580-$600 per ton ($29.00-$30.00/cwt) with an average of $590 per ton ($29.50/cwt) FOB mill, east of the Rockies. The lower end of our range increased $40 per ton compared to our last price update in mid-December, while the upper end remained the same. Our overall average is up $20 per ton. 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 $760-$800 per ton ($38.00-$40.00/cwt) with an average of $780 per ton ($39.00/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range rose $20 per ton. Our overall average is up $20 per ton. 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 $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 increased $30 per ton, while the upper end rose $10. Our overall average is up $20 per ton. 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 $829-$869 per net ton with an average of $849 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-10 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 increased $20 per ton, while the upper end remained the same. Our overall average is up $10 per ton. 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 $1,051-$1,091 per net ton with an average of $1,071 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 7-8 weeks
Plate: SMU price range is $680-$720 per ton ($34.00-$36.00/cwt) with an average of $700 per ton ($35.00/cwt) FOB delivered to the customer’s facility. Both the lower and upper ends of our range increased $10 per ton. Our overall average is up $10 per ton. Our price momentum on plate steel is 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.
