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    Prices

    June 9, 2020

    SMU Price Ranges & Indices: Flat Rolled Inches Up Another $10

    Written by Brett Linton

    Steel prices have been clawing their way back since hot rolled hit a low of $460 per ton in late April, moving up by $10 in the past week and recovering roughly $55 over the past five weeks to the current $515 per ton. The mills have managed to collect some, but certainly not all, of the two price increases they announced in May. Where prices go from here is anyone’s guess as steel demand will depend on how quickly the economy recovers from the unprecedented effects of the coronavirus. Steel Market Update’s Price Momentum Indicators remain at Neutral until the market offers additional clarity.

    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.

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