Prices
SMU Price Range & Indices: Prices Still Moving Higher
Written by John Packard
November 19, 2013
Flat rolled steel prices rose modestly this past week with averages adjusting higher by anywhere from $5 to $15 per ton. We are seeing a slightly larger spread between the highs and the lows. We are also seeing a larger spread in lead times out of the domestic steel mills based on our survey results so far this week. Our SMU Price Momentum Indicator continues to point toward higher prices over the next 30 days.
Here is how we are seeing prices this week:
Hot Rolled Coil: SMU Range is $650-$690 per ton ($32.50/cwt- $34.50/cwt) with an average of $670 per ton ($33.50/cwt) fob mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased by $10 per ton. 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: 3-8 weeks.
Cold Rolled Coil: SMU Range is $760-$780 per ton ($38.00/cwt- $40.00/cwt) with an average of $780 per ton ($39.00/cwt) fob mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased by $20 per ton. Our average is now $10 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 $760-$800 per ton ($38.00/cwt- $40.00/cwt) with an average of $780 per ton ($39.00/cwt) fob mill, east of the Rockies. Both the lower and upper ends of our range increased by $10 per ton compared to last week. Our average is now $10 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 $820-$860 per ton with an average of $840 per ton.
Galvanized Lead Times: 4-10 weeks.
Galvalume Coil: SMU Base Price Range is $760-$810 per ton ($38.00/cwt- $40.50/cwt) with an average of $785 per ton ($39.25/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 increased by $20 per ton. Our average is now $15 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 $1051-$1101 per ton with an average of $1076 per ton.
Galvalume Lead Times: 6-8 weeks.
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John Packard
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