Steel Products Prices North America

SMU Price Ranges & Indices: Prices Up Again

Written by Brett Linton

April 15, 2014

Steel Market Update found flat rolled steel prices to be higher this week. As mentioned in our first article, pricing is not even across the country and we are seeing some flexibility in the numbers in the south compared to those in the Midwest. The Midwest is where all of the mill production disruptions are and those issues have helped to tighten order books and strengthen prices. Steel Market Update continues to show our Price Momentum Indicator at Higher meaning we anticipate prices to move up 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 increased by $30 per ton. Our average is now $15 per ton higher compared to last week. Our expectation is for hot rolled pricing to move higher over the next 30 days.

Hot Rolled Lead Times: 4-6 weeks.

Cold Rolled Coil: SMU Range is $780-$815 per ton ($39.00/cwt- $40.75/cwt) with an average of $798 per ton ($39.875/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper increased by $15 per ton. Our average is now $8 per ton higher compared to last week. SMU anticipates cold rolled prices will move higher over the next 30 days.

Cold Rolled Lead Times: 5-9 weeks.

Galvanized Coil: SMU Base Price Range is $760-$815 per ton ($38.00/cwt- $40.75/cwt) with an average of $788 per ton ($39.375/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 increased by $15 per ton. Our average is now $3 per ton higher compared to last week. SMU anticipates galvanized base prices will trend higher over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $820-$875 per ton with an average of $848 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 6-10 weeks.

Galvalume Coil: SMU Base Price Range is $770-$815 per ton ($38.50/cwt- $40.75cwt) with an average of $793 per ton ($39.625/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper increased by $15 per ton. Our average is now $8 per ton higher compared to last week. Our expectation is for Galvalume prices to move higher over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1061-$1106 per ton with an average of $1084 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 happy to assist you.

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

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Read more from Brett Linton

Latest in Steel Products Prices North America