Market Data
March 11, 2025
SMU price ranges: Market slows a bit amid tariff uncertainty
Written by Brett Linton
After over a month of increases, steel prices paused this week for some of the products tracked by SMU. Three of our price indices continued to climb, while two held steady from the prior week.
Hot-rolled and cold-rolled coil prices continue to rise, though the gains seen this week are not as strong as those experienced across February. Plate prices maintained their upward momentum, rising $60 per short ton (st) this week. Coated prices remained unchanged from last week. Most of our indices are at their highest level witnessed in 10 months, except for hot rolled, which was last this high in early February 2024.
