SMU price ranges: Market stable amid post-Thanksgiving glut

Our weekly price updates may sound a bit repetitive lately. SMU’s steel price indices have bobbed within a narrow range in the last few weeks, with this week no different.

SMU price indices saw minor fluctuations this week for hot-rolled, galvanized, and plate products, moving $10 per short ton (st) from the prior week. Our cold rolled and Galvalume indices are unchanged from last week. Sheet prices remain at or near multi-month lows, similar to levels seen around late July/early August. Plate prices continue to edge lower from their mid-2022 peak.

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.