SMU price ranges: Continued declines across the board

Steel prices eased for both sheet and plate products this week, according to our latest canvass of the market. Sheet prices declined an average of $19 per short ton (st) compared to last week, now near seven-month lows. Our plate index fell $30 from one week prior, easing to a three-year low.

Multiple sources remarked that the market is slow and not a lot of activity is happening; one executive commented it is “kinda boring.” It appears the summer doldrums have arrived a little earlier this year.

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.