SMU price ranges: Sheet nears five-month lows

Steel prices were overall mixed this week, according to our latest check of the market. Sheet prices were flat to down, while plate prices inched up. SMU’s indices on hot rolled, cold rolled, and galvanized are now down to the lowest levels seen since November.

SMU’s average hot-rolled coil price slipped $5 per short ton (st) week over week (w/w) to $775/st this week. Our average cold-rolled coil price eased $20 w/w to $1,070/st. Galvanized base prices fell $30 w/w to $1,070/st on average. Our Galvalume price average held steady at $1,090/st. Plate prices ticked up $5/st w/w to $1,175/st; this comes after a drop of $20/st last week following Nucor’s plate price cut.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Brett Linton

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