• Skip to main content

    Prices

    August 25, 2023

    Steel Summit: Analysts Weigh in On 2024 Price Outlook

    Written by Ethan Bernard

    Three prominent steel analysts proposed their outlooks for next year in the ‘Steel Price Forecast: Boom or Bust in 2024?’ panel at Steel Summit 2023 in Atlanta.

    Josh Spoores, principal analyst, steel, at CRU; John Anton, director, S&P Global Market Intelligence; and Timna Tanners, managing director at Wolfe Research, sat down with SMU senior analyst and editor David Schollaert to present their forecasts.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

    Latest in Prices

    Sheet and plate price gains accelerate as 2026 tons dry up

    Sheet and plate prices continue to push higher as mills charge a premium for what little spot tonnage remains for 2026, market participants said. SMU’s price assessment for hot-rolled (HR) coil now stands at $1,290 per short ton (st) on average, up $10/st week over week. HR price gains averaged $5/st w/w throughout July and August, with no changes in prices some weeks and gains of at most $15/st w/w. In September and October to date, in contrast, prices have increased every week—with the average gain at $11.25/st w/w and w/w gains as high as $20/st. Prices for cold-rolled and coated products continued to increase as well. SMU's price assessment for cold-rolled (CR) coil clocked in at...