SMU price ranges: Sheet and plate prices retreat from recent highs

Steel prices slipped again this week, with all five of SMU’s sheet and plate indices trending lower for the second week in a row. The market continues to cool following the February-March rally, with cautious buyers waiting on the sidelines amid ongoing tariff uncertainty, demand concerns, and new capacity coming online.

Hot-rolled coil prices eased for the fourth-consecutive week, down $10 per short ton (st) from last week and $55/st lower than levels seen one month ago.

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.