SMU Price Ranges & Indices: The Slide Continues

Steel buyers reported lower spot offers and transactions on flat rolled and plate products this week. However, the offers varied from mill to mill, and even in some cases varied within the same company but coming from different plants. The number of transactions appear to be lower than in weeks past, and the size of the spot orders appear to be lower as well. SMU was not made aware of any “bottom feeding” (i.e. a large company attempting to buy significant tons well below market pricing). Although at least one service center reported end users “sniffing” by suggesting they would book a rest of the year deal at “X” price. Our Price Momentum Indicator continues to reference spot prices as moving Lower over the next 30 days.

Here is how we are seeing 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

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