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    July 27, 2021

    SMU Price Ranges & Indices: Flat Rolled Up Another $10-40

    Written by Brett Linton

    Spot tons of flat rolled steel are still in short supply, report respondents to Steel Market Update’s check of the market this week. Any tons that are available command a rising premium. Flat rolled prices increased by another $10-40 per ton, with some reporting hot rolled offers as high as $1,900, though HRC saw a rather modest bump of just $10 from last week. Plate prices are up another $70 per ton, reflecting recent mill price hikes. Steel Market Update’s Price Momentum Indicators continue to point toward higher steel prices over the next 30 days.

    Hot Rolled Coil: SMU price range is $1,820-$1,900 per net ton ($91.00-$95.00/cwt) with an average of $1,860 per ton ($93.00/cwt) FOB mill, east of the Rockies. The lower end of our range increased $20 per ton compared to one week ago, while the upper end remained unchanged. Our overall average is up $10 per ton from last week. Our price momentum on hot rolled steel is Higher, meaning prices are expected to rise in the next 30 days.

    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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