SMU Price Ranges: Sheet and plate prices rise further

SMU’s price indices increased across the board this week, reaching new multi-month highs. Sheet prices rose by as much as $35 per short ton (st) from last week, while plate ticked up $5/st. Prices are now $25-55/st higher than they were this time last month.

Hot-rolled coil prices jumped $30/st week over week (w/w) to a four-month high of $860/st. This marks the sixth-consecutive weekly gain and the largest weekly increase since March.

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.