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    August 6, 2024

    SMU price ranges: Sheet ticks higher for second week, plate moves lower

    Written by Brett Linton

    SMU’s sheet prices rose by an average of $10 per short ton (st) this week on most products, the second consecutive week of recovering prices. Aside from the marginal uptick seen last week, this is the first broad instance of increasing sheet prices since the first week of April.

    Our hot-rolled index ticked $15/st higher to a five-week high of $655/st. Cold rolled and galvanized (base) prices also increased week over week (w/w), now standing at three-week highs of $905/st and $890/st, respectively. Base Galvalume prices held steady for the second consecutive week at $900/st.

    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.

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