Prices
April 19, 2022
SMU Price Ranges & Indices: All Products Increase $10-30/ton
Written by Brett Linton
Sheet prices rose modestly across this board this week, following slight declines seen last week. Steel Market Update’s check of the market puts benchmark hot-rolled coil prices at $1,480 per ton, up $30 per ton from one week prior. Coated and plate products saw increases as well, moving upwards between $10 and $40 per ton compared to last week.
As one service center executive said, “the panic buying has ceased – folks who are inquiring are purchasing, no one is fishing for prices.” Market participants report mills are controlling their output to support higher prices, with order books full through May. Some anticipate easing scrap prices next month could push for a correction in steel prices.
