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    August 30, 2022

    SMU Price Ranges: Sideways to Up, a Shift or Just a Blip?

    Written by David Schollaert

    Flat-rolled steel prices were steady to up based on the data points SMU collected this week. There’s undoubtedly been pressure from recent mill price hikes, but it’s still far too early to tell if they will stick or if this is just a blip.

    Sheet prices rose for each of our products this week. The average hot-rolled coil price now stands at $785 per ton ($39.25 per cwt), up $15 per ton from last week, but still down $55 per ton from this time last month. Cold rolled and coated prices increased an average of $50-$60 per ton week-over-week, all down $110-130 per ton from late July.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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