SMU Price Ranges & Indices: Prices Tumble Again

Here is how we see prices this week:

Hot Rolled Coil: SMU price range is $490-$550 per ton ($24.50/cwt-$27.50/cwt) with an average of $520 per ton ($26.00/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of our range declined $30 per ton compared to one week ago. Our overall average is down $30 per ton compared to last week. Our price momentum on hot rolled steel is now Neutral as we wait for the market to establish a clear direction.

Hot Rolled Lead Times: 2-5 weeks

Cold Rolled Coil: SMU price range is $660-$700 per ton ($33.00/cwt-$35.00/cwt) with an average of $680 per ton ($34.00/cwt) FOB mill, east of the Rockies. The lower end of our range rose $10 per ton compared to last week, while the upper end fell $50 per ton. Our overall average is down $20 per ton compared to one week ago. Our price momentum on cold rolled steel is now Neutral as we wait for the market to establish a clear direction.

Cold Rolled Lead Times: 5-8 weeks

Galvanized Coil: SMU base price range is $33.00/cwt-$36.00/cwt ($660-$720 per ton) with an average of $34.50/cwt ($690 per ton) FOB mill, east of the Rockies. Both the lower and upper ends of our range declined $20 per ton compared to one week ago. Our overall average is down $20 per ton compared to last week. Our price momentum on galvanized steel is now Neutral as we wait for the market to establish a clear direction.

Galvanized .060” G90 Benchmark: SMU price range is $738-$798 per net ton with an average of $768 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-8 weeks

Galvalume Coil: SMU base price range is $34.00/cwt-$37.00/cwt ($680-$740 per ton) with an average of $35.50/cwt ($710 per ton) FOB mill, east of the Rockies. The lower end of our range fell $20 per ton compared to last week, while the upper end remained the same. Our overall average is down $10 per ton compared to one week ago. Our price momentum on Galvalume steel is now Neutral as we wait for the market to establish a clear direction.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $971-$1,031 per net ton with an average of $1,001 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 6-7 weeks

Plate: SMU price range is $780-$840 per ton ($39.00/cwt-$42.00/cwt) with an average of $810 per ton ($40.50/cwt) FOB delivered to the customer’s facility. The lower end of our range declined $20 per ton compared to one week ago, while the upper end fell $40 per ton. Our overall average is down $30 per ton compared to last week. Our price momentum on plate steel is Lower, meaning we expect prices to decline over the next 30 days.

Plate Lead Times: 4-6 weeks

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.