SMU price ranges: Sheet up again, plate steady

Prices for tandem products are back up to levels last seen mid-July. Our cold rolled and galvanized indices rose $10/st w/w to $915/st and $900/st, respectively. Galvalume prices jumped $25/st w/w to an average of $925/st.

Following a dip last week, plate prices held steady this week at $1,005/st. Plate prices have overall trended downward over the last eight months.

SMU’s sheet price momentum indicator remains at higher following our Aug. 6 adjustment. Our plate price momentum indicator remains at lower.

Hot-rolled coil

SMU’s price range for HR coil is $630-700/st, with an average of $665/st FOB mill, east of the Rockies. The lower end of our range is up by $20/st w/w, while the top end is unchanged. The overall average is up $10/st w/w. Our price momentum indicator for HR remains at higher, meaning we expect prices to increase over the next 30 days.

Hot rolled lead times range from 3-6 weeks, averaging 4.5 weeks as of our July 31 market survey. Look for a lead-time update in this Thursday’s newsletter.

Cold-rolled coil

The SMU price range is $880–950/st, averaging $915/st FOB mill, east of the Rockies. The lower end of our range is up $20/st from last week, while the top end is unchanged. Our overall average is up $10/st. Our price momentum indicator for CR remains at higher, meaning we expect prices to increase over the next 30 days.

Cold rolled lead times range from 5-8 weeks, averaging 6.7 weeks through our last survey.

Galvanized coil

The SMU price range is $850–950/st, with an average of $900/st FOB mill, east of the Rockies. The lower end of our range is unchanged w/w, while the top end is up $20/st. Our overall average is up $10/st w/w. Our price momentum indicator for galvanized sheet remains pointing higher, meaning we expect prices to increase over the next 30 days.

Galvanized .060” G90 benchmark: SMU price range is $947–1,047/st, averaging $997/st FOB mill, east of the Rockies.

Galvanized lead times range from 6-8 weeks, averaging 7.0 weeks through our last survey.

Galvalume coil

The SMU price range is $870–980/st, averaging $925/st FOB mill, east of the Rockies. The lower end of our range is up $20/st w/w, while the top end is $30/st higher. Our overall average is up $25 w/w. Our price momentum indicator for Galvalume remains at higher, meaning we expect prices to increase over the next 30 days.

Galvalume .0142” AZ50, grade 80 benchmark: SMU price range is $1,164–1,274/st, averaging $1,219/st FOB mill, east of the Rockies.

Galvalume lead times range from 6-8 weeks, averaging 7.0 weeks through our latest survey.

Plate

The SMU price range is $940–1,070/st, with an average of $1,005/st FOB mill. The lower end of our range is down $10/st w/w, while the top end is up $10/st. Our overall average is unchanged w/w. Our price momentum indicator for plate remains at lower, meaning we expect prices to decline over the next 30 days.

Plate lead times range from 2-6 weeks, averaging 3.9 weeks through our last survey.

SMU note: Above is a graphic showing our hot rolled, cold rolled, galvanized, Galvalume, and plate price history. This data is also 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.