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 slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
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 […]