Steel Products Prices North America
SMU Price Ranges & Indices: Mixed Week
Written by Brett Linton
June 26, 2018
Steel Market Update canvassed steel buyers over the past two days and found that flat rolled prices are mixed and plate prices are rising. Two of our flat rolled indices increased over the prior week, and two of them declined, while the plate index rose.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $890-$930 per ton ($44.50/cwt-$46.50/cwt) with an average of $910 per ton ($45.50/cwt) FOB mill, east of the Rockies. The lower end of our range rose $20 per ton compared to one week ago, while the upper end remained the same. Our overall average is up $10 per ton compared to last week. Our price momentum on hot rolled steel is now pointing to Higher indicating prices are expected to rise over the next 30-60 days.
Hot Rolled Lead Times: 4-8 weeks
Cold Rolled Coil: SMU price range is $980-$1,030 per ton ($49.00/cwt-$51.50/cwt) with an average of $1,005 per ton ($50.25/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 now pointing to Higher indicating prices are expected to rise over the next 30-60 days.
Cold Rolled Lead Times: 5-9 weeks
Galvanized Coil: SMU base price range is $49.00/cwt-$52.50/cwt ($980-$1,050 per ton) with an average of $50.75/cwt ($1,015 per ton) FOB mill, east of the Rockies. The lower end of our range fell $10 per ton compared to one week ago, while the upper end remained the same. Our overall average is down $5 per ton compared to last week. Our price momentum on galvanized steel is now pointing to Higher indicating prices are expected to rise over the next 30-60 days.
Galvanized .060” G90 Benchmark: SMU price range is $1,066-$1,136 per net ton with an average of $1,101 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 5-12 weeks
Galvalume Coil: SMU base price range is $51.00/cwt-$52.50/cwt ($1,020-$1,050 per ton) with an average of $51.75/cwt ($1,035 per ton) FOB mill, east of the Rockies. The lower end of our range rose $20 per ton compared to last week, while the upper end remained the same. Our overall average is up $10 per ton compared to one week ago. Our price momentum on Galvalume steel is now pointing to Higher indicating prices are expected to rise over the next 30-60 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,311-$1,341 per net ton with an average of $1,326 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 6-8 weeks
Plate: SMU price range is $960-$1,060 per ton ($48.00/cwt-$53.00/cwt) with an average of $1,010 per ton ($50.50/cwt) FOB delivered. Both the lower and upper ends of our range jumped $40 per ton compared to one week ago. Our overall average is up $40 per ton compared to last week. Our price momentum on plate steel is pointing to Higher indicating prices are expected to rise over the next 30-60 days.
Plate Lead Times: 5-9 weeks, allocation/controlled order entry
SMU Note: Below is a graphic showing our hot rolled, cold rolled, galvanized, Galvalume, and plate price history. This data is available here on our website with our interactive pricing tool. Note that plate prices are not yet available on our website, but we are in the process of adding that dataset. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or 800-432-3475.
Brett Linton
Read more from Brett LintonLatest in Steel Products Prices North America
Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.
SMU Price Ranges: HR crawls back to $800/ton
SMU’s HR price stands at $800/st on average, up $5/st from last week. The modest gain came as the low end of our range firmed, and despite the high end of our range declining slightly.
SMU successfully completes IOSCO review
SMU has successfully completed an external review of all our prices. The review has concluded that they algin with principles set by the International Organization of Securities Commissions (IOSCO).
Domestic plate prices could heat up despite so-so demand, market sources say
Some sources also speculated that plate could see further price increases thanks to modest but steady demand, lower imports, mill maintenance outages, and end markets less immediately affected by tariff-related disruptions.
SMU Price Ranges: HR holds, galv slips amid competing market narratives
SMU’s sheet and plate prices see-sawed this week as hot-rolled (HR) coil prices held their ground while prices for galvanized product slipped.