SMU Price Ranges & Indices: Last Move Lower?

Here is how we see prices this week:

Hot Rolled Coil: SMU Range is $610-$650 per ton ($30.50/cwt- $32.50/cwt) with an average of $630 per ton ($31.50/cwt) FOB mill, east of the Rockies. Both the upper and lower ends of our range decreased by $10 per ton compared to last week. Our average is down $10 per ton compared to one week ago. SMU price momentum for hot rolled steel is for prices to trend lower over the next 30 days.

Hot Rolled Lead Times: 2-5 weeks.

Cold Rolled Coil: SMU Range is $730-$770 per ton ($36.50/cwt- $38.50/cwt) with an average of $750 per ton ($37.50/cwt) FOB mill, east of the Rockies. Both the upper and lower ends of our range decreased by $10 per ton compared to last week. Our average is down $10 per ton compared to one week ago. SMU price momentum on cold rolled steel is for prices to trend lower over the next 30 days.

Cold Rolled Lead Times: 5-9 weeks.

Galvanized Coil: SMU Base Price Range is $36.00/cwt-$38.25/cwt ($720-$765 per ton) with an average of $37.125/cwt ($742.50 per ton) FOB mill, east of the Rockies.The lower end of our range declined by $10 per ton compared to last week while the upper end declined by $15 per ton. Our average is now $12.50 per ton lower compared to one week ago. SMU anticipates galvanized base prices will trend lower over the next 30 days.

Galvanized .060” G90 Benchmark: SMU Range is $789-$834 per ton with an average of $811.50 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-9 weeks.

Galvalume Coil: SMU Base Price Range is $36.50/cwt-$39.00/cwt ($730-$780 per ton) with an average of $37.75/cwt ($755 per ton) FOB mill, east of the Rockies. The lower end of our range declined by $10 per ton compared to last week while the upper end remained the same. Our average is now $5 per ton lower compared to one week ago. Our expectation is for Galvalume prices to trend lower over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1021-$1071 per ton with an average of $1046 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 5-9 weeks.

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