Steel Products Prices North America

SMU Price Ranges & Indices: Flat Rolled, Plate Move Higher

Written by Brett Linton

August 26, 2020

Prices for flat rolled steel products moved up by as much as $20 per ton in the past week, while plate increased by $10, according to Steel Market Update’s check of the market on Monday and Tuesday. SMU’s Price Momentum is higher on sheet products, but Neutral on plate products, as the plate mills’ price announcements over the past few days work their way through the market.

Here is how we see prices this week:

Hot Rolled Coil: SMU price range is $470-$500 per net ton ($23.50-$25.00/cwt) with an average of $485 per ton ($24.25/cwt) FOB mill, east of the Rockies. The lower end of our range increased $30 per ton compared to one week ago, while the upper end increased $10 per ton. Our overall average is up $20 per ton over last week. Our price momentum on hot rolled steel is Higher, meaning prices are expected to rise in the next 30 days.

Hot Rolled Lead Times: 3-6 weeks

Cold Rolled Coil: SMU price range is $640-$680 per net ton ($32.00-$34.00/cwt) with an average of $660 per ton ($33.00/cwt) FOB mill, east of the Rockies. The lower end of our range remained unchanged compared to last week, while the upper end increased $10 per ton. Our overall average is up $5 per ton from one week ago. Our price momentum on cold rolled steel is Higher, meaning prices are expected to rise in the next 30 days.

Cold Rolled Lead Times: 5-7 weeks

Galvanized Coil: SMU price range is $660-$700 per net ton ($33.00-$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 increased $30 per ton compared to one week ago, while the upper end increased $10 per ton. Our overall average is up $20 per ton over last week. Our price momentum on galvanized steel is Higher, meaning prices are expected to rise in the next 30 days.

Galvanized .060” G90 Benchmark: SMU price range is $729-$769 per ton with an average of $749 per ton FOB mill, east of the Rockies.

Galvanized Lead Times: 4-8 weeks

Galvalume Coil: SMU price range is $700-$730 per net ton ($35.00-$36.50/cwt) with an average of $715 per ton ($35.75/cwt) FOB mill, east of the Rockies. Both the lower and upper ends of the range increased $30 per ton compared to last week. Our overall average is up $30 per ton over one week ago. Our price momentum on Galvalume steel is Higher, meaning prices are expected to rise in the next 30 days.

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

Galvalume Lead Times: 6-9 weeks

Plate: SMU price range is $560-$640 per net ton ($28.00-$32.00/cwt) with an average of $600 per ton ($30.00/cwt) FOB delivered to the customer’s facility. The lower end of our range decreased $10 per ton compared to one week ago, while the upper end increased $30 per ton. Our overall average is up $10 per ton over last week. Our price momentum on plate steel is Neutral until the market establishes a clear direction.

Plate Lead Times: 3-5 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. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com.

Brett Linton

Brett Linton is a senior analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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