SMU price ranges: Sheet and plate see widespread gains on higher scrap and trade measures

Each of the steel product prices tracked by SMU saw significant increases this week. All four of our sheet price indices rose by $30-50 per short ton (st) on average. Plate prices popped $60/st compared to the week prior.

Several factors are driving this price surge. They include the revival of Section 232 effective March 12, rising steelmaking raw material costs (including for scrap), and recently announced preliminary countervailing duty (CVD) duties on imports of coated steel products. (Note, too, that prelim anti-dumping margins are just around the corner. They’re due by April 3.)

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.