SMU Price Ranges: Market drifts lower still

Steel prices edged lower again this week across all sheet and plate products tracked by SMU, weighed down by short lead times, soft demand, and the typical summer slowdown. All five of our sheet and plate indices have eased to lows last seen in February. Tighter trade barriers and lower imports have not been enough to offset tepid buying, dragging the market lower.

Hot-rolled coil and plate prices both declined $10 per short ton (st) from last week to $820/st and $1,055/st, respectively.

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.