SMU Price Ranges & Indices: Mills Collecting Some of the Increase

Domestic steelmakers appear to be collecting at least some of the price increases they have announced on flat rolled steel. Steel Market Update data shows prices for hot rolled, cold rolled and galvanized steel up by $10 to $25 per ton over last week. The mills hope to do the same with steel plate, announcing a $40 per ton increase this week, but the jury is still out on whether the new plate price will “stick.”

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 increases spot HR by $10/ton

Plate supply squeeze tightens as demand presses higher

SSAB Americas hikes extras, doubles Grade 50 adder

Nucor Plate Group raises fuel surcharge to $20/ton for October

Nucor increases HR coil CSP to $1,200/ton