Steel Products Prices North America

SMU Price Ranges & Indices: Big Jump in Flat Rolled
Written by Brett Linton
October 7, 2020
Flat rolled steel prices saw a big jump this week nearly equivalent to the $50 per ton increase announced by the mills last week. Steel Market Update’s latest check of the market puts the current benchmark price for hot rolled at $650 per ton. The mills also announced price increases on plate last week, with little response in the market so far. SMU’s Price Momentum Indicators remain pointing Higher.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $640-$660 per net ton ($32.00-$33.00/cwt) with an average of $650 per ton ($32.50/cwt) FOB mill, east of the Rockies. The lower end of our range increased $50 per ton compared to one week ago, while the upper end increased $40. Our overall average is up $45 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 $800-$850 per net ton ($40.00-$42.50/cwt) with an average of $825 per ton ($41.25/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range increased $50 per ton compared to last week. Our overall average is up $50 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 $790-$850 per net ton ($39.50-$42.50/cwt) with an average of $820 per ton ($41.00/cwt) FOB mill, east of the Rockies. The lower end of our range increased $30 per ton compared to one week ago, while the upper end increased $40. Our overall average is up $35 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 $859-$919 per ton with an average of $889 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 6-12 weeks
Galvalume Coil: SMU price range is $830-$850 per net ton ($41.50-$42.50/cwt) with an average of $840 per ton ($42.00/cwt) FOB mill, east of the Rockies. The lower end of our range increased $40 per ton compared to last week, while the upper end increased $20. Our overall average is up $30 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 $1,121-$1,141 per ton with an average of $1,131 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 7-10 weeks
Plate: SMU price range is $610-$660 per net ton ($30.50-$33.00/cwt) with an average of $635 per ton ($31.75/cwt) FOB delivered to the customer’s facility. The lower end of our range decreased $10 per ton compared to one week ago, while the upper end increased $10. Our overall average is unchanged 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

Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.

Plate Report: Quiet Turning to Sluggish?
The US plate market has been rather quiet over the past couple of weeks since Nucor Corp. caught many off guard with a $140-per-ton price cut.

SSAB’s Jeff Moskaluk on Wind’s Flurry of Opportunity for Steel
SMU discussed wind energy, a promising end-use market for steel, with SSAB Americas’ SVP and CCO Jeff Moskaluk.

SMU Survey: Mills Less Willing To Talk Price on Sheet, Plate More So
Steel buyers said mills are less willing to budge on spot pricing for sheet products, but plate bucked this trend, according to SMU’s most recent survey data.
AM/NS Calvert, Stelco Follow Major Sheet Mills Higher
ArcelorMittal and Stelco joined last week’s move by domestic mills to push sheet prices higher.