Steel Products Prices North America
SMU Price Ranges & Indices: Not Much Change
Written by Brett Linton
January 28, 2020
Except for a small decline in coated products, steel prices remained largely unchanged in the past week, according to Steel Market Update’s latest check of the market. While SMU’s Price Momentum Indicators continue to point higher, we’ll be watching closely to see if the uptrend in prices is losing steam.
Here is how we see prices this week:
Hot Rolled Coil: SMU price range is $570-$610 per ton ($28.50-$30.50/cwt) with an average of $590 per ton ($29.50/cwt) 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 over last week. Our price momentum on hot rolled steel is Higher, meaning we expect prices to increase over the next 30 days.
Hot Rolled Lead Times: 3-7 weeks
Cold Rolled Coil: SMU price range is $760-$820 per ton ($38.00-$41.00/cwt) with an average of $790 per ton ($39.50/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. Our price momentum on cold rolled steel is Higher, meaning we expect prices to increase over the next 30 days.
Cold Rolled Lead Times: 4-8 weeks
Galvanized Coil: SMU base price range is $37.50-$39.50/cwt ($750-$790 per ton) with an average of $38.50/cwt ($770 per ton) FOB mill, east of the Rockies. The lower end of our range remained unchanged compared to one week ago, while the upper end decreased $20 per ton. Our overall average is down $10 per ton over last week. Our price momentum on galvanized steel is Higher, meaning we expect prices to increase over the next 30 days.
Galvanized .060” G90 Benchmark: SMU price range is $819-$859 per net ton with an average of $839 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 4-10 weeks
Galvalume Coil: SMU base price range is $38.00-$40.50/cwt ($760-$810 per ton) with an average of $39.25/cwt ($785 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 decreased $20 per ton. Our overall average is down $10 per ton over one week ago. Our price momentum on Galvalume steel is Higher, meaning we expect prices to increase over the next 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range is $1,051-$1,101 per net ton with an average of $1,076 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 7-8 weeks
Plate: SMU price range is $680-$740 per ton ($34.00-$37.00/cwt) with an average of $710 per ton ($35.50/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 over last week. Our price momentum on plate steel is Higher, meaning we expect prices to increase 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.
Brett Linton
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