Steel Prices

SMU Price Ranges: Sheet and plate steady ahead of Independence Day
Written by David Schollaert & Michael Cowden
July 1, 2025
Sheet and plate prices were little changed in the shortened week ahead of Independence Day, according to SMU’s latest check of the market.
SMU’s hot-rolled (HR) coil price inched up $5 per short ton (st) to $880/st on average this week. Prices for other products were also little changed week over week (w/w).
Our cold-rolled (CR) coil price stands at $1,070/st on average, up $10/st vs. last week. Galvanized base prices are unchanged at $1,030/st on average, and Galvalume base prices were flat at $1,045/st. Plate, meanwhile, dipped to $1,145/st on average, off $5/st from last week.
If there was a change, it was that some of our price ranges consolidated in a tighter band compared to prior weeks – with modestly higher lows and somewhat lower highs.
Our price indicators for all sheet and plate products remain at neutral.
What they’re saying
Market participants generally characterized the market as quiet ahead of July 4. And more than a few noted that they were already on vacation.
A producer source said his company has gotten more orders this week without the discounting that pervaded prior weeks. He said it could be a sign that inventories continue to move lower.
A service center source said his company has been buying only as needed as it tries to tune out the noise around emotional issues such as the Big Beautiful Bill, tariffs, and tensions in the Middle East.
Both agreed that volumes were lower than they would be during a non-holiday week.
Refer to Table 1 (click to enlarge) for our latest price indices and trends.

Hot-rolled coil
The SMU price range is $840-920/st, averaging $880/st FOB mill, east of the Rockies. The lower end of our range is up $10/st w/w, while the top end is unchanged. Our overall average is up $5/st w/w. Our price momentum indicator for hot-rolled steel has been adjusted to neutral, meaning we see no clear direction for prices over the next 30 days.
Hot rolled lead times range from 3-6 weeks, averaging 4.4 weeks as of our June 26 market survey. We will publish updated lead times next Thursday.
Cold-rolled coil
The SMU price range is $1,040–1,100/st, averaging $1,070/st FOB mill, east of the Rockies. The lower end of our range is up $20/st w/w, while the top end is flat. Our overall average is up $10/st w/w. Our price momentum indicator for cold-rolled has been adjusted to neutral, meaning we see no clear direction for prices over the next 30 days.
Cold rolled lead times range from 4-9 weeks, averaging 6.2 weeks through our latest survey.
Galvanized coil
The SMU price range is $1,000–1,060/st, averaging $1,030/st FOB mill, east of the Rockies. The lower end of our range is up $20/st w/w, while the top end is down $20/st. Our overall average is flat w/w. Our price momentum indicator for galvanized steel has been adjusted to neutral, meaning we see no clear direction for prices over the next 30 days.
Galvanized .060” G90 benchmark: SMU price range is $1,078–1,138/st, averaging $1,108/st FOB mill, east of the Rockies.
Galvanized lead times range from 4-8 weeks, averaging 6.0 weeks through our latest survey.
Galvalume coil
The SMU price range is $1,000–1,090/st, averaging $1,045/st FOB mill, east of the Rockies. The lower end and the top end of our range flat w/w. Our overall average is unchanged w/w as a result. Our price momentum indicator for Galvalume steel has been adjusted to neutral, meaning we see no clear direction for prices over the next 30 days.
Galvalume .0142” AZ50, grade 80 benchmark: SMU price range is $1,268–1,358/st, averaging $1,313/st FOB mill, east of the Rockies.
Galvalume lead times range from 4-8 weeks, averaging 6.2 weeks through our latest survey.
Plate
The SMU price range is $1,040–1,250/st, averaging $1,145/st FOB mill. The lower end of our range is flat w/w, while the top end is down $10/st. Our overall average is down $5/st w/w. Our price momentum indicator for plate has been adjusted to neutral, meaning we see no clear direction for prices over the next 30 days.
Plate lead times range from 4-8 weeks, averaging 5.6 weeks through our latest survey.

SMU note: Above is a graphic showing our hot rolled, cold rolled, galvanized, Galvalume, and plate price history. This data is also available on our website with our interactive pricing tool. If you need help navigating the website or need to know your login information, contact us at info@steelmarketupdate.com.

David Schollaert
Read more from David Schollaert
Michael Cowden
Read more from Michael CowdenLatest in Steel Prices

SMU Price Ranges: Sheet floor holds as market debates upside
Our average HR coil price increased $5/short ton from last week, marking a second consecutive week of modest gains. Market participants generally attributed the increase to...

Nucor HR spot price flat at $875/ton
Nucor kept its consumer spot price (CSP) for hot-rolled coil at $875 per short ton (st) for the ninth straight week.

HRC-galvanized price gap narrows
After marginally rising in August and September, the premium galvanized coil carries over hot-rolled coil (HRC) coil has narrowed again in recent weeks. As of Sept. 16, the spread between these two products has shrunk to a two-and-a-half-year low of $125 per short ton (st).

Hot-rolled sources say demand continues to dwindle, prices feel arbitrary
Genuine demand, they stated, will return when the market feels stable again.

Gap between US HR prices, imports narrows
SMU’s average price for domestic hot-rolled (HR) coil was $800 per short ton (st) this week, up $5/st week on week (w/w). In offshore markets last week, prices were varied.