SMU price ranges: Quiet market ahead of Christmas

SMU price indices held steady once again this week. Our hot-rolled, cold-rolled, and Galvalume coil price ranges were unchanged from last week, while galvanized and plate averages shifted lower by $5 per short ton (st). We have seen little change in sheet and plate prices across the last month.

Sheet prices remain near multi-month lows, while plate prices continue to gradually decline from their mid-2022 peak. Our price momentum indicators for both sheet and plate products remain at neutral.

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.