SMU Price Ranges & Indices: Prices Just Keep Rising

Plate prices have finally gained some traction, seeing a notable jump this past week to an average of $720 per ton, according to Steel Market Update’s latest check of the market. Nucor and SSAB Americas announced plate increases this week in hopes of maintaining that upward momentum. Flat rolled prices continued their relentless climb, with the benchmark price for hot rolled reaching $730 per ton. The uptrend in prices is as much about the tight supplies as it is about the strong demand in many markets as the economy recovers from the worst of the pandemic. Sources are beginning to express concerns about lack of availability for some products and possible allocation by the mills. SMU’s Price Momentum Indicators continue to point higher in anticipation of further increases in the next 30 days.

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

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