SMU's May at a glance

SMU’s Monthly Review provides a summary of our key steel market metrics for the previous month, with the latest data updated through May 30.

Steel prices continued to edge lower throughout the month of May, though the rate of declines slowed in the last two weeks of the month. Overall, sheet and plate prices fell $45-$65 per short ton (st) across May. SMU’s Price Momentum Indicator remained at Lower for both sheet and plate products following its late-April adjustment from 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.

Brett Linton

Latest in Analysis

Worthington Enterprises sees data center demand boost amid tight steel supply

SMU Price Ranges: HR inches toward $1,300/ton as spot squeeze continues

Coming soon: SMU Daily Digest newsletters

Scrap prices poised for October increase, or later?

SMU Survey: Tight US flat-rolled market boosts buyer interest in foreign steel