Steel Products Prices North America

SMU Price Ranges & Indices: All Lower Except Galvanized

May 16, 2017

Earlier today, Steel Market Update (SMU) adjusted our Price Momentum Indicator from Neutral to Lower. Flat rolled prices have been slowly dropping for more than a month and it does not appear there is anything that is going to stop the leak from continuing, at least not over the next 30 days.

Flat rolled steel prices and plate dropped this week on all but galvanized which remained the same as what we reported one week ago.

Here is how we see prices this week:

Hot Rolled Coil: SMU price range is $580-$630 per ton ($29.00/cwt-$31.50/cwt) with an average of $605 per ton ($30.25/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 declined $10 per ton. Our overall average is down $5 per ton compared to last week. Our price momentum on hot rolled steel is pointing to Lower which means we expect prices to decline over the next 30-60 days.

Hot Rolled Lead Times: 3-6 weeks

Cold Rolled Coil: SMU price range is $780-$830 per ton ($39.00/cwt-$41.50/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 declined $10 per ton compared to last week. Our overall average is down $10 per ton compared to one week ago. Our price momentum on cold rolled steel is pointing to Lower which means we expect prices to decline over the next 30-60 days.

Cold Rolled Lead Times: 5-7 weeks

Galvanized Coil: SMU base price range is $39.00/cwt-$42.00/cwt ($780-$840 per ton) with an average of $40.50/cwt ($810 per ton) FOB mill, east of the Rockies. Both the lower and upper ends of our range remained the same compared to one week ago. Our overall average is unchanged compared to last week. Our price momentum on galvanized steel is pointing to Lower which means we expect prices to decline over the next 30-60 days.

Galvanized .060” G90 Benchmark: SMU price range is $858-$918 per net ton with an average of $888 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-9 weeks

Galvalume Coil: SMU base price range is $40.00/cwt-$42.00/cwt ($800-$840 per ton) with an average 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 declined $10 per ton. Our overall average is down $5 per ton compared to one week ago. Our price momentum on Galvalume steel is pointing to Lower which means we expect prices to decline over the next 30-60 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1091-$1131 per net ton with an average of $1111 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 5-8 weeks

Plate: SMU price range is $710-$770 per ton ($35.50/cwt-$38.50/cwt) with an average of $740 per ton ($37.00/cwt) FOB delivered. The lower end of our range decreased $20 per ton compared to one week ago while the upper end remained the same. Our overall average is down $10 per ton compared to last week. Our price momentum on plate steel is now pointing to Lower which means we expect prices to decline over the next 30-60 days.

Plate Lead Times: 3-8 weeks

SMU Note: Below is a graphic showing our hot rolled, cold rolled, galvanized, and Galvalume price history. We will add plate prices to this graph once we have gathered a few months of data. 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.