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    Prices

    October 13, 2020

    SMU Price Ranges & Indices: Not Much Change

    Written by Brett Linton

    The benchmark price for hot rolled remained unchanged at around $650 per ton, according to Steel Market Update’s check of the market this week, even as the mills worked to collect the price increases announced earlier in the month. Other flat rolled products saw a modest increase. Begging the question: Is the upward price momentum beginning to slow? Forty percent of the respondents to SMU’s questionnaire this week said they believe prices are peaking. Almost all see the HR price leveling out somewhere south of $700 in the next 30-60 days. SMU’s Price Momentum Indicators continue to point Higher on both flat rolled and plate products, but we are keeping a close eye on the trend.

    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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