SMU Price Ranges & Indices: Higher Move Has Begun

Flat rolled steel prices have begun moving higher. Benchmark hot rolled coil (HRC), which has been one of the weakest of the flat rolled products recently, was up $10 per ton. Cold rolled did even better, up $15; galvanized better than CR, up $20; and Galvalume bested them all, up $25 per ton compared to one week ago. Our price momentum indicator is pointing to higher flat rolled spot prices over the next 30 days. SMU’s plate price momentum indicator is pointing to potential price weakness over the next 30 days. Our plate average was unchanged this week compared to last.

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