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    May 19, 2023

    Hot Rolled vs. Plate Prices: Plate Premium on the Rise Again

    Written by Laura Miller

    The price spread between hot-rolled sheet and steel plate rose for the sixth consecutive week as hot-rolled prices continued their descent and plate prices remained relatively stable, according to SMU’s price indices published last Tuesday.

    SMU’s hot-rolled coil index averaged $1,040 per net ton ($52.00 per cwt) in the latest market check on May 16. The price has now fallen for the fifth week in a row from this year’s peak of $1,160 per ton during the week of Apr. 11 (see Figure 1).

    Laura Miller

    Laura Miller is a reporter and editor for Steel Market Update. She has held various editorial positions with steel industry publications, associations, and mills since 2007. She joined the SMU team in 2022. She is a member of the Association of Women in the Metal Industries and a past-president of the AWMI Pittsburgh Chapter. She holds a BA in Latin American Studies from Edinboro University of Pennsylvania.

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