Steel Products Prices North America

SMU Price Ranges & Indices: HR and CR Increase, Coated Unchanged
Written by Brett Linton
May 6, 2014
Pressure continues on flat rolled steel prices as we saw gains on hot rolled and cold rolled while galvanized and Galvalume remained the same as one week ago. The issue on the coated products and cold rolled to a lesser degree, has been imported steel which is impacting the southern states in two ways. First, from direct sales into Houston, New Orleans and Savannah and second, the foreign hitting the West Coast is pushing some West Coast products into other areas of the country.
Most domestic mills continue to be confident that prices will at least maintain current levels. Our hot rolled average did rise by $10 per ton over where we saw prices one week ago as we saw gains at both ends of the range.
Here is how we are seeing prices this week:
Hot Rolled Coil: SMU Range is $670-$700 per ton ($33.50/cwt- $35.00/cwt) with an average of $685 per ton ($34.25/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. Our expectation is for hot rolled pricing to move higher over the next 30 days.
Hot Rolled Lead Times: 3-6 weeks.
Cold Rolled Coil: SMU Range is $800-$820 per ton ($40.00/cwt- $41.00/cwt) with an average of $810 per ton ($40.50/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 increased by $5 per ton. Our average is now $7.50 per ton higher compared to last week. SMU anticipates cold rolled prices will move higher over the next 30 days.
Cold Rolled Lead Times: 6-8 weeks.
Galvanized Coil: SMU Base Price Range is $790-$815 per ton ($39.50/cwt- $40.75/cwt) with an average of $802.50 per ton ($40.125/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 higher over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $850-$875 per ton with an average of $863 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 5-9 weeks.
Galvalume Coil: SMU Base Price Range is $790-$820 per ton ($39.50/cwt- $41.00/cwt) with an average of $805 per ton ($40.25/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. Our expectation is for Galvalume prices to move higher over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1081-$1111 per ton with an average of $1096 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 5-9 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
Read more from Brett LintonLatest 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 […]