Steel Products Prices North America

SMU Price Ranges & Indices: Stable to Lower

February 4, 2014

Our market survey captured lower prices in hot rolled and cold rolled this week compared to last. Galvanized and Galvalume prices were unchanged.

Here is how we are seeing prices this week:

Hot Rolled Coil: SMU Range is $640-$680 per ton ($32.00/cwt- $34.00/cwt) with an average of $660 per ton ($33.00/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end decreased by $10 per ton. Our average is now $5 per ton lower compared to last week. Our expectation is for hot rolled pricing to move sideways to slightly lower over the next 30 days.

Hot Rolled Lead Times: 3-6 weeks.

Cold Rolled Coil: SMU Range is $750-$800 per ton ($37.50/cwt- $40.00/cwt) with an average of $775 per ton ($38.75/cwt) FOB mill, east of the Rockies. The lower end of our range decreased by $10 per ton compared to last week while the upper end decreased by $20 per ton. Our average is now $15 per ton lower compared to last week. SMU anticipates cold rolled prices will move sideways to slightly lower 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. Both the lower and upper ends of our range remained the same compared to last week. Our average is unchanged compared to last week. SMU anticipates galvanized base prices will trend sideways to slightly lower over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $810-$850 per ton with an average of $830 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-8 weeks.

Galvalume Coil: SMU Base Price Range is $750-$800 per ton ($37.50/cwt- $40.00/cwt) with an average of $775 per ton ($38.75/cwt) FOB mill, east of the Rockies. Both the lower and upper end of our range remained the same compared to last week. Our average also remained the same. The expectation is for Galvalume prices to move sideways to lower over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1041-$1091 per ton with an average of $1066 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 5-8 weeks.

SMU Note: You can view the interactive graphic below when you are logged into the website and reading the newsletter online. If you have not logged into the website in the past and need a new user name and password we can do that for you out of our office. Contact us at: info@SteelMarketUpdate.com or by calling 800-432-3475. If you need help navigating the website we would also be very happy to assist you.

{amchart id=”110″ Weekly Pricing Article Graph- Use for NEWSLETTER}