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    July 1, 2014

    SMU Price Ranges & Indices: Time to Wait and See

    Written by Brett Linton

    We are moving deeper into a holiday week and, with the exception of US Steel, all is quiet on the western (and eastern for that matter) front. The US Steel announcement of a $25 per ton base price increase on spot flat rolled prices has created some interest within the steel community. However, we are hearing from the larger buyers that everything is status quo and they are able to purchase spot tonnage at levels similar to those referenced last week. We did make two minor adjustments on coated steels raising the lower end of the range by $10 per ton ($.50/cwt). We will do a deeper analysis this time next week when buyers return from the 4th of July holiday and we conduct our early July flat rolled survey.

    Here is how we see prices this week:

    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.

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