SMU Price Ranges & Indices: Was That the Peak?

Sheet prices continue to wobble with hot-rolled coiled prices actually declining, albeit modestly, for the first time in more than a year. The concern: that the market is at a peak – and perhaps heading down the other side.

Hot rolled coil prices have been flat in prior weeks, but they have not declined since Aug.11 of last year – when they dropped to a post-pandemic low of $440 per ton ($22 per cwt). Cold-rolled and galvanized prices are unchanged 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.