SMU Price Ranges: Flat-rolled tags hold steady or move upward

Some market participants, including those who do not traditionally buy imports, said they might have to turn to foreign material in the future to ensure they have enough supply to meet customer needs.

By the numbers

In the meantime, SMU’s weekly domestic hot-rolled coil price remains unchanged at $1,180 per short ton (st) on average. Plate, too, is unchanged at $1,380/st on average.

Our cold-rolled and coated prices, however, continued to rise. SMU’s price for cold-rolled coil now stands at $1,400/st on average, up $10/st from last week. Both galvanized and Galvalume base prices are at $1,410/st, also up $10/st from a week ago.

Cold-rolled and galvanized base prices haven’t been at or above $1,400/st since early July 2022, more than four years ago, according to SMU’s pricing archives.

Momentum

SMU’s price momentum indicator remains at higher for both sheet and plate products, signaling that we expect prices to increase further in the short term.

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

Hot-rolled coil: $1,160–1,200/st, averaging $1,180/st

Our range is unchanged week over week (w/w).

Hot-rolled lead times range from 5–12 weeks, averaging 7.7 weeks as of our Aug. 5 market survey.

Cold-rolled coil: $1,380–1,420/st, averaging $1,400/st

The lower end of our range is up $20/st w/w, while the top end is unchanged. Our overall average is up $10/st w/w.

Cold-rolled lead times range from 6–13 weeks, averaging 9.0 weeks through our latest survey.

Galvanized coil: $1,380–1,440/st, averaging $1,410/st

The lower end of our range is up $20/st w/w, while the top end is unchanged. Our overall average is up $10/st w/w.

Galvanized .060×48” G90 benchmark: SMU price range is $1,479–1,539/st, averaging $1,509/st FOB mill, east of the Rockies. Note that this spec includes $99/st in mill extras, and extras may vary by mill.

Galvanized lead times range from 6–13 weeks, averaging 8.9 weeks through our latest survey.

Galvalume coil: $1,380–1,440/st, averaging $1,410/st

The lower end of our range is up $20/st w/w, while the top end is unchanged. Our overall average is up $10/st w/w.

Galvalume .0142×42” AZ50, grade 80 benchmark: SMU price range is $1,980–2,040/st, averaging $2,010/st FOB mill, east of the Rockies. Note that this spec includes $600/st in mill extras, and extras may vary by mill.

Galvalume lead times range from 6–13 weeks, averaging 8.8 weeks through our latest survey.

Plate: $1,330–1,430/st, averaging $1,380/st

Our range is unchanged w/w.

Plate lead times range from 5–12 weeks, averaging 9.1 weeks through our latest survey.