SMU Price Ranges & Indices: Seesaw

We captured some very low (market-share grabbing) hot rolled prices this week. We are seeing two domestic mills aggressively going after hot rolled orders. We saw spot HRC as low as $660 FOB one specific mill. However, we have decided not to include their offers in the market pricing yet. Our readers need to be aware that they exist. With short work weeks due to the holidays, we should not read too much into last week’s or this week’s numbers. Next week will be the first “normal” week for business. We saw two products drop this week: hot rolled and Galvalume. Plate, which has been the strongest product, rose modestly for the week.

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.

Brett Linton

Latest in Prices

Nucor aims for a $60/ton bump on plate prices, opens November orderbook

SMU Price Ranges: Sheet, plate tick higher as supply squeeze poised to drag into Q4

Nucor increases spot HR to $1,220/ton

US sheet buyers grapple with mill delays as supply pressure spreads

AMU Survey: Aluminum scrap outlook turns toward oversupply