SMU Price Ranges & Indices: Flat Rolled Up Another $20-40

Flat rolled steel prices just keep ratcheting up as supplies remain extremely tight, with lead times continuing to extend and sources warning of impending shortages of some products (see related articles in this issue). Steel Market Update’s check of the market this week moves the benchmark price for hot rolled up to $770 per ton, and that figure may be conservative. Sources tell SMU that Nucor is out in the market with prices of $840 per ton for hot rolled and $1,000 for cold rolled and coated, though we have not yet confirmed purchases at those numbers. SMU’s Price Momentum Indicators continue to point toward higher prices in the next 30-60 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.