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    Market Data

    November 5, 2024

    SMU price ranges: Most products tick lower on election week

    Written by Brett Linton

    SMU price indices edged lower this week for all products but one, marking the fifth consecutive week of overall declining prices.

    Hot rolled and coated sheet prices remain near multi-month lows. Our hot-rolled sheet index eased to an 11-week low of $680 per short ton (st) this week. Coated prices have now fallen beneath the previous 2024 lows seen earlier in July. The last time galvanized ($865/st) or Galvalume ($885/st) prices were this low was the first week of October in 2023.

    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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