Steel Products Prices North America
SMU Price Ranges & Indices: A Bit of a Breather...
Written by John Packard
May 17, 2016
Flat rolled prices took a bit of a breather this week as buyers and sellers evaluate what will happen next. The expectation is for prices to continue to move higher from here. But, maybe with the potential for a pull back in scrap coming next month, and with the amount of the increases we have already seen, maybe the industry will get a breather to let it all sink in…
Here is how we see spot flat rolled prices this week (all prices shown are in net tons which are equal to 2,000 pounds):
Hot Rolled Coil: SMU Range is $600-$640 per ton ($30.00/cwt- $32.00/cwt) with an average of $620 per ton ($31.00/cwt) FOB mill, east of the Rockies. The lower end of our range remained the same compared to one week ago while the upper end increased $20 per ton. Our overall average is up $10 per ton over last week. SMU price momentum for hot rolled steel has prices rising over the next 30 days.
Hot Rolled Lead Times: All mills on controlled order entry or allocation
Cold Rolled Coil: SMU Range is $800-$840 per ton ($40.00/cwt- $42.00/cwt) with an average of $820 per ton ($41.00/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range remained the same compared to last week. Our overall average is unchanged over one week ago. SMU price momentum for cold rolled steel is for prices to increase over the next 30 days.
Cold Rolled Lead Times: All mills on controlled order entry or allocation
Galvanized Coil: SMU Base Price Range is $39.50/cwt-$42.00/cwt ($790-$840 per ton) with an average of $40.75/cwt ($815 per ton) FOB mill, east of the Rockies. The lower end of our range is unchanged compared to one week ago while the upper end increased $30 per ton. Our overall average is up $15 per ton over last week. Our price momentum on galvanized steel is for prices to move higher over the next 30 days.
Galvanized .060” G90 Benchmark: SMU Range is $850-$900 per net ton with an average of $875 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: All mills on controlled order entry or allocation
Galvalume Coil: SMU Base Price Range is $40.00/cwt-$42.00/cwt ($800-$840 per ton) with an average base of $41.00/cwt ($820 per ton) FOB mill, east of the Rockies. The lower end of our range remained the same compared to last week while the upper end increased $20 per ton. Our overall average increased $10 per ton over one week ago. Our price momentum for Galvalume steel is currently pointing towards an increase in prices over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU Range is $1091-$1131 per net ton with an average of $1111 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: All mills on controlled order entry or allocation
SMU Note: Below is a graphic showing our hot rolled, cold rolled, galvanized, and Galvalume price history. To use the graphs interactive capabilities, you must view it on our website here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.
John Packard
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