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    Market Data

    September 10, 2024

    SMU price ranges: Sheet momentum indicator shifts to neutral in mixed market

    Written by Brett Linton

    SMU’s steel price indices showed mixed signals for a second consecutive week. Our hot rolled, cold rolled, and plate prices inched lower from last week. Galvanized prices, meanwhile, held steady. And Galvalume ticked higher.

    While mills push for price increases, concerns about bloated inventories and weak end-market demand have made buyers cautious. It is also not yet clear how the coated trade case filed last week will impact the market.

    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.

    Read more from Brett Linton

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