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    SMU Price Ranges: Coated and plate inch higher, other products stable

    Written by Brett Linton


    SMU’s sheet and plate prices took a breather this week, holding relatively steady at multi-month highs.

    Following nearly two months of increases, prices for hot-rolled (HR) and cold-rolled (CR) coil were unchanged from last week. HR prices remain at $895 per short ton (st), the highest level they have been at since April, having risen $65/st in the last month. CR prices held at a five-month high of $1,070/st and have increased $50/st from early November.

    Coated prices ticked $5/st higher week over week (w/w). Galvanized increased to $1,035/st to a six-month high, up $90/st from four weeks ago. Galvalume rose to $1,025/st to a to five-month high, having risen $45 in the last month.

    After holding steady last week, plate prices resumed their upwards climb this week, rising $5/st w/w to a near four-month high of $1,025/st. Plate has seen less severe increases in comparison to sheet products, up just $15/st over the past month.

    SMU’s price momentum indicator remains at Higher for both sheet and plate products, signaling that we expect prices to continue rising from here.

    Refer to Table 1 (click to enlarge) for our latest price indices and trends.

    Hot-rolled coil: $860–930/st, averaging $895/st

    Our range is unchanged w/w.

    Hot-rolled lead times range from 4–8 weeks, averaging 5.7 weeks as of our Nov. 25 market survey. We will publish updated lead times this Thursday.

    Cold-rolled coil: $1,040–1,100/st, averaging $1,070/st

    Our range is unchanged w/w.

    Cold-rolled lead times range from 5–10 weeks, averaging 7.1 weeks through our latest survey.

    Galvanized coil: $970–1,100/st, averaging $1,035/st

    The lower end of our range is up $10 w/w, while the top end is unchanged. Our overall average is up $5/st w/w.

    Galvanized .060” G90 benchmark: SMU price range is $1,048–1,178/st, averaging $1,113/st FOB mill, east of the Rockies.

    Galvanized lead times range from 5-10 weeks, averaging 7.2 weeks through our latest survey.

    Galvalume coil: $970–1,080/st, averaging $1,025/st

    The lower end of our range is up $10 w/w, while the top end is unchanged. Our overall average is up $5/st w/w.

    Galvalume .0142” AZ50, grade 80 benchmark: SMU price range is $1,324–1,434/st, averaging $1,379/st FOB mill, east of the Rockies.

    Galvalume lead times range from 5–10 weeks, averaging 7.0 weeks through our latest survey.

    Plate: $990–1,060/st, averaging $1,025/st

    The lower end of our range is up $10 w/w, while the top end is unchanged. Our overall average is up $5/st w/w.

    Plate lead times range from 4–7 weeks, averaging 5.4 weeks through our latest survey.

    Brett Linton

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