Bob Kula, Mill Steel, offers a look at what the company was forecasting in its steel supply outlook for the middle of January based on market prices provided by Steel Market Update on January 13.
Hot Rolled Coil:
SMU price range: $1,030-$1,130 per net ton ($51.50-$56.50/cwt) with an average of $1,080 per ton ($54.00/cwt) FOB mill, east of the Rockies. The lower end of our range increased $40 per ton compared to a week earlier, while the upper end increased $100. Our overall average was up $70 from the previous week. Our price momentum on hot rolled steel was Higher, meaning prices were expected to rise in the following 30 days.
Hot Rolled Lead Times: 6-10 weeks
Cold Rolled Coil:
SMU price range: $1,140-$1,240 per net ton ($57.00-$62.00/cwt) with an average of $1,190 per ton ($59.50/cwt) FOB mill, east of the Rockies. The lower end of our range increased $60 per ton compared to a week earlier, while the upper end increased $80. Our overall average was up $70 per ton from one week earlier. Our price momentum on cold rolled steel was Higher, meaning prices were expected to rise in the following 30 days.
Cold Rolled Lead Times: 7-12 weeks
Galvanized Coil:
SMU price range: $1,180-$1,240 per net ton ($59.00-$62.00/cwt) with an average of $1,210 per ton ($60.50/cwt) FOB mill, east of the Rockies. The lower end of our range increased $80 per ton compared to one week earlier, while the upper end increased $60. Our overall average was up $70 from a week earlier. Our price momentum on galvanized steel is Higher, meaning prices were expected to rise in the following 30 days.
Galvanized .060” G90 Benchmark: SMU price range is $1,249-$1,309 per ton with an average of $1,279 per ton FOB mill, east of the Rockies.
Galvanized Lead Times: 8-13 weeks
Galvalume Coil:
SMU price range: $1,180-$1,220 per net ton ($59.00-$61.00/cwt) with an average of $1,200 per ton ($60.00/cwt) FOB mill, east of the Rockies. The lower end of our range increased $60 per ton compared to a week earlier, while the upper end increased $20. Our overall average is up $40 per ton from one week ago. Our price momentum on Galvalume steel was Higher, meaning prices were expected to rise in the following 30 days.
Galvalume .0142” AZ50, Grade 80 Benchmark: SMU price range was $1,471-$1,511 per ton with an average of $1,491 per ton FOB mill, east of the Rockies.
Galvalume Lead Times: 8-12 weeks
Originally published as “Market Prices and Lead Times” in Spring 2021 issue of Rollforming Magazine.
