SMU Price Ranges: Sheet and plate drift lower as summer lull continues

Steel prices continued to decline this week across all of the sheet and plate products tracked by SMU, pressured by short lead times and the typical summer slowdown.

The pullback seen over the past month has been relatively modest, with lower inventories, declining imports, and raw material cost concerns providing some price support. Compared to the steep decline seen last summer, prices are holding up better this year.

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.