SMU Price Ranges & Indices: HRC Prices Gains Slow as Outlooks Diverge

Sheet prices continue to rise with new, higher offers from some domestic mills: as much as $1,500 per ton for hot-rolled coil and $1,900 per ton for cold-rolled and coated product.

Despite those higher pricing levels, gains on the hot-rolled side have moderated. SMU’s benchmark hot-rolled coil price now stands at $1,435 per ton ($71.75 per cwt), up $35 per ton from last week. That marks the lowest week-over-week increase of the month and breaks two consecutive weeks of triple-digit gains.

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.