SMU Price Ranges & Indices: Steel Prices Take a Swan Dive

Here is how we see prices this week:

Hot Rolled Coil: SMU price range is $440-$520 per ton ($22.00-$26.00/cwt) with an average of $480 per ton ($24.00/cwt) FOB mill, east of the Rockies. The lower end of our range declined $40 per ton compared to one week ago, while the upper end decreased $30 per ton. Our overall average is down $35 per ton compared to last week. Our price momentum on hot rolled steel is Lower, meaning we expect prices to decline over the next 30 days.

Hot Rolled Lead Times: 2-6 weeks

Cold Rolled Coil: SMU price range is $640-$700 per ton ($32.00-$35.00/cwt) with an average of $670 per ton ($33.50/cwt) FOB mill, east of the Rockies. The lower end of our range fell $40 per ton compared to last week, while the upper end declined $30 per ton. Our overall average is down $35 per ton compared to one week ago. Our price momentum on cold rolled steel is now Lower, meaning we expect prices to decline over the next 30 days..

Cold Rolled Lead Times: 3-8 weeks

Galvanized Coil: SMU base price range is $33.00-$34.00/cwt ($660-$680 per ton) with an average of $33.50/cwt ($670 per ton) FOB mill, east of the Rockies. The lower end of our range decreased $30 per ton compared to one week ago, while the upper end fell $60 per ton. Our overall average is down $45 per ton compared to last week. Our price momentum on galvanized steel is now Lower, meaning we expect prices to decline over the next 30 days.

Galvanized .060” G90 Benchmark: SMU price range is $729-$749 per net ton with an average of $739 per ton FOB mill, east of the Rockies. Note that we have adjusted our .060″ G90 extras from $78 per ton down to $69 per ton to reflect the recent adjustments in mill coating extras.

Galvanized Lead Times: 5-8 weeks

Galvalume Coil: SMU base price range is $35.00-$36.50/cwt ($700-$730 per ton) with an average of $35.75/cwt ($715 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 $30 per ton. Our overall average is down $15 per ton compared to one week ago. Our price momentum on cold rolled steel is now Lower, meaning we expect prices to decline over the next 30 days.

Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $991-$1,021 per net ton with an average of $1,006 per ton FOB mill, east of the Rockies.

Galvalume Lead Times: 5-8 weeks

Plate: SMU price range is $630-$720 per ton ($31.50-$36.00/cwt) with an average of $675 per ton ($33.75/cwt) FOB delivered to the customer’s facility. 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 plate steel is now 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.