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    June 22, 2021

    SMU Price Ranges & Indices: Still Rising

    Written by Brett Linton

    If you’re seeking a peak, keep looking. Because it wasn’t this week. Steel Market Update found that spot prices for most sheet and plate products were again higher – despite scattered reports of increased availability for some contract buyers.

    SMU’s benchmark hot-rolled coil prices stands $1,760 per ton ($88/cwt), up $40 per ton from last week and quadruple a 2020 low, recorded last August, of $440 per ton. Cold rolled prices are up $20 per ton versus a week ago. And galvanized prices are flat. On the plate front, SMU’s price rose $60 per ton following a $100-per-ton increase from SSAB Americas and new, higher pricing from another domestic mill, market participants said.

    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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