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    Market Data

    April 29, 2025

    SMU price ranges: Sheet and plate prices slip

    Written by Brett Linton

    Most sheet and plate steel prices declined yet again this week, with four of SMU’s five indices moving lower. The market continues to ease as buyers stay on the sidelines, wary of further declines. Even with tariff noise quieting down, May scrap is showing weakness. Demand is still soft, with most buyers sticking to contract minimums as prices trend downward.

    After last week’s pause, hot-rolled coil prices resumed their downward movement this week, easing $10 per short ton (st) to $885/st. Hot rolled prices have fallen $30/st in the past month.

    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.

    Read more from Brett Linton

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