Steel Products Prices North America

SMU Price Ranges & Indices
Written by John Packard
November 12, 2013
With two mills announcing price increases this past week and the balance either following on a verbal basis or still considering what their position will be has made this week a transitional week. One where new prices are being quoted and customers move to place previously quoted orders – or are sitting back and waiting. Lots and lots of waiting in the market these days.
Here is how we are seeing prices this week:
Hot Rolled Coil: SMU Range is $650-$680 per ton ($32.50/cwt- $34.00/cwt) with an average of $665 per ton ($33.25/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for hot rolled is for prices to rise over the next 30 days.
Hot Rolled Lead Times: 3-6 weeks.
Cold Rolled Coil: SMU Range is $760-$780 per ton ($38.00/cwt- $39.00/cwt) with an average of $770 per ton ($38.50/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for cold rolled is for prices to rise over the next 30 days.
Cold Rolled Lead Times: 5-8 weeks.
Galvanized Coil: SMU Base Price Range is $750-$790 per ton ($37.50/cwt- $39.50/cwt) with an average of $770 per ton ($38.50/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for galvanized is for prices to rise over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $810-$850 per ton with an average of $830 per ton.
Galvanized Lead Times: 4-8 weeks.
Galvalume Coil: SMU Base Price Range is $750-$790 per ton ($37.50/cwt- $39.50/cwt) with an average of $770 per ton ($38.50/cwt) fob mill, east of the Rockies. The lower end of our range increased by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton higher compared to last week. The trend for Galvalume is for prices to rise over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1041-$1081 per ton with an average of $1061 per ton.
Galvalume Lead Times: 5-8 weeks.
{amchart id=”110″ Pricing Article Graph- All Products}

John Packard
Read more from John PackardLatest in Steel Products Prices North America

Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.

Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]

ArcelorMittal Dofasco increases spot sheet prices
ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. It did not specify to what level this brings its base prices but noted its right to re-quote previous but unconfirmed orders. “We will continue to […]

Nucor raises HR spot price to $775/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $775 per short ton (st) on Monday, Feb. 3. The $15/st week-on-week (w/w) rise marks the first back-to-back increases in the steelmaker’s weekly CSP since last August, according to SMU’s mill price announcement calendar. Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also up […]

Nucor raises HR spot price to $760/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $760 per short ton (st) on Monday, Jan. 21. The $10/st week-on-week (w/w) rise marks the first increase in the CSP since Nov. 12. According to SMU’s mill price announcement calendar, the Charlotte, N.C.-based steelmaker held the weekly price at $750/st for 11 […]