Steel Products Prices North America

SMU Price Ranges & Indices: Momentum Still Lower

Written by Brett Linton


Steel prices declined again this week as shutdowns to control the spread of the coronavirus continue to stifle demand. Steel Market Update’s price momentum remains pointed Lower.

Here is how we are seeing prices this week:

Hot Rolled Coil: SMU price range is $420-$500 per ton ($21.00-$25.00/cwt) with an average of $460 per ton ($23.00/cwt) FOB mill, east of the Rockies. The lower end of our range decreased $40 per ton compared to one week ago, while the upper end remained the same. Our overall average is down $20 per ton over last week. Our price momentum on hot rolled steel is Lower, meaning we expect prices to decline over the next 30 days.

Hot Rolled Lead Times: 2-4 weeks

Cold Rolled Coil: SMU price range is $620-$680 per ton ($31.00-$34.00/cwt) with an average of $650 per ton ($32.50/cwt) FOB mill, east of the Rockies. The lower end of our range decreased $10 per ton compared to last week, while the upper end remained the same. Our overall average is down $5 per ton over one week ago. Our price momentum on cold rolled steel is Lower, meaning we expect prices to decline over the next 30 days.

Cold Rolled Lead Times: 4-7 weeks

Galvanized Coil: SMU price range is $620-$680 per ton ($31.00-$34.00/cwt) with an average of $650 per ton ($32.50/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same over one week ago, while the upper end decreased $20 per ton. Our overall average is down $10 per ton over last week. Our price momentum on galvanized steel is Lower, meaning we expect prices to decline over the next 30 days.

Galvanized .060” G90 Benchmark: SMU price range is $689-$749 per net ton with an average of $719 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-6 weeks

Galvalume Coil: SMU price range is $630-$690 per ton ($31.50-$34.50/cwt) with an average of $660 per ton ($33.00/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same over last week, while the upper end decreased $10 per ton. Our overall average is down $5 per ton over one week ago. Our price momentum on Galvalume steel is Lower, meaning we expect prices to decline over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $921-$981 per net ton with an average of $951 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 4-6 weeks

Plate: SMU price range is $580-$620 per ton ($29.00-$31.00/cwt) with an average of $600 per ton ($30.00/cwt) FOB delivered to the customer’s facility. Both the lower and upper ends of our range remained the same compared to one week ago. Our overall average is unchanged over last week. Our price momentum on plate steel is Lower, meaning we expect prices to decline over the next 30 days.

Plate Lead Times: 3-5 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.

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