Steel Products Prices North America

SMU Price Ranges & Indices: Flat Rolled, Plate Up Another $5-15
Written by Brett Linton
September 29, 2020
Steel prices continue to see some upward momentum as flat rolled and plate prices rose by another $5-15 per ton, according to Steel Market Update’s check of the market this week. The mills announced further $40-50 price hikes on plate on Monday and Tuesday in hopes of sustaining that momentum.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $590-$620 per net ton ($29.50-$31.00/cwt) with an average of $605 per ton ($30.25/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 from last week. Our price momentum on hot rolled steel is Higher, meaning prices are expected to rise in the next 30 days.
Hot Rolled Lead Times: 4-6 weeks
Cold Rolled Coil: SMU price range is $750-$800 per net ton ($37.50-$40.00/cwt) with an average of $775 per ton ($38.75/cwt) FOB mill, east of the Rockies. The lower end of our range increased $10 per ton compared to last week, while the upper end increased $20. Our overall average is up $15 per ton from one week ago. Our price momentum on cold rolled steel is Higher, meaning prices are expected to rise in the next 30 days.
Cold Rolled Lead Times: 5-10 weeks
Galvanized Coil: SMU price range is $760-$810 per net ton ($38.00-$40.50/cwt) with an average of $785 per ton ($39.25/cwt) FOB mill, east of the Rockies. The lower end of our range increased $20 per ton compared to one week ago, while the upper end increased $10. Our overall average is up $15 per ton from last week. Our price momentum on galvanized steel is Higher, meaning prices are expected to rise in the next 30 days.
Galvanized .060” G90 Benchmark: SMU price range is $829-$879 per ton with an average of $854 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 6-12 weeks
Galvalume Coil: SMU price range is $790-$830 per net ton ($39.50-$41.50/cwt) with an average of $810 per ton ($40.50/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range increased $10 per ton compared to last week. Our overall average is up $10 per ton from one week ago. Our price momentum on Galvalume steel is Higher, meaning prices are expected to rise in the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,081-$1,121 per ton with an average of $1,101 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 7-10 weeks
Plate: SMU price range is $620-$650 per net ton ($31.00-$32.50/cwt) with an average of $635 per ton ($31.75/cwt) FOB delivered to the customer’s facility. The lower end of our range increased $30 per ton compared to one week ago, while the upper end remained the same. Our overall average is up $15 per ton from last week. Our price momentum on plate steel is Higher, meaning prices are expected to rise in the next 30 days.
Plate Lead Times: 5-6 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. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com.

Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America

Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.

SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.

SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).

Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.

SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.