SMU Price Ranges & Indices: Flat Roll Moves Up

Flat rolled steel buyers are advising Steel Market Update that lead times have extended about one week since the recent price announcements. The mills continue to ask about their competition and to negotiate, which is not a sure-fire sign of strength or conviction in the new increases. Plate is a different animal and continues to be on controlled order entry. Plate buyers are telling SMU that the January numbers (December spot is referenced below) will be close to $1,000 per ton delivered as the new bottom.

The steel prices referenced below are based on data we received from both steel mills and steel buyers during the course of the day today (Tuesday, Oct. 23, 2018).

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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