Steel Products Prices North America
SMU Price Ranges & Indices: Flat Rolled Inches Up Another $10
Written by Brett Linton
June 9, 2020
Steel prices have been clawing their way back since hot rolled hit a low of $460 per ton in late April, moving up by $10 in the past week and recovering roughly $55 over the past five weeks to the current $515 per ton. The mills have managed to collect some, but certainly not all, of the two price increases they announced in May. Where prices go from here is anyone’s guess as steel demand will depend on how quickly the economy recovers from the unprecedented effects of the coronavirus. Steel Market Update’s Price Momentum Indicators remain at Neutral until the market offers additional clarity.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $500-$530 per ton ($25.00-$26.50/cwt) with an average of $515 per ton ($25.75/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range increased $10 per ton compared to one week ago. Our overall average is up $10 per ton compared to last week. Our price momentum on hot rolled steel is Neutral until the market establishes a clear direction.
Hot Rolled Lead Times: 3-6 weeks
Cold Rolled Coil: SMU price range is $660-$700 per ton ($33.00-$35.00/cwt) with an average of $680 per ton ($34.00/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 at Neutral until the market establishes a clear direction.
Cold Rolled Lead Times: 4-8 weeks
Galvanized Coil: SMU price range is $660-$710 per ton ($33.00-$35.50/cwt) with an average of $685 per ton ($34.25/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range increased $10 per ton compared to one week ago. Our overall average is up $10 per ton compared to last week. Our price momentum on galvanized steel is at Neutral until the market establishes a clear direction.
Galvanized .060” G90 Benchmark: SMU price range is $729-$779 per net ton with an average of $754 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 5-10 weeks
Galvalume Coil: SMU price range is $690-$720 per ton ($34.50-$36.00/cwt) with an average of $705 per ton ($35.25/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 Galvalume steel is at Neutral until the market establishes a clear direction.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $981-$1,011 per net ton with an average of $996 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 6-7 weeks
Plate: SMU price range is $590-$630 per ton ($29.50-$31.50/cwt) with an average of $610 per ton ($30.50/cwt) FOB delivered to the customer’s facility. The lower end of our range remained unchanged compared to one week ago, while the upper end increased $20. Our overall average is up $10 per ton over last week. Our price momentum on plate steel is at Neutral until the market establishes a clear direction.
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. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com.
Brett Linton
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