SMU price ranges: Sheet downturn pauses, plate still subdued

Sheet and plate prices were mostly flat this week – largely in response to the mill price blitz from last week – pausing the downtrend they’d been on for the better part of 2024.

SMU’s hot-rolled (HR) coil price remains at $815 per short ton (st) on average, unchanged from last week, and down $230/st from the beginning of the year. While hot band was flat on average w/w, we did see shifts to the low end and high end of the range.

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.