SMU Price Ranges & Indices: Sideways with Upward Pressure

Prices moved sideways this week as buyers digest the $30 per ton of movement made in benchmark hot rolled pricing going back to the beginning of the month of April. Steel Market Update is aware there are a number of domestic mills who have made “internal” spot price adjustments, taking price offers from $34.25/cwt ($685 per ton) up to $35.00/cwt ($700 per ton). Cold rolled and coated base price offers are reported to be as high as $41.50/cwt which is also up $15 per ton compared to the last “official” public price announcement.

We understand SDI opened June production with hot rolled at $700 per ton and coated at $820 base plus extras.

Brett Linton

Brett Linton is a digital operations 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.

Brett Linton

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