Steel Products
January 9, 2013
SMU Price Ranges & Indices Slip $10 Per Ton
Written by John Packard
Hot Rolled Coil: SMU Range is $600-$650 per ton ($30.00/cwt-$32.50/cwt) with an average of $625 per ton ($31.25/cwt) fob mill, east of the Rockies. Both the upper and lower end of our range dropped $10 per ton from levels measured one week ago. Our average dropped $10 per ton compared to one week ago. The trend for HR continues to be “Neutral” which essentially means there is no clear cut direction associated with this market. The market is close to making a move below $600 per ton which could change the psychology of the market and push prices lower. Before that happens, the domestic mills may attempt to raise prices in order to prevent a wholesale decline from here.
Hot Rolled Lead Times & Negotiations (see separate article below).
