SMU Price Ranges: Market gradually climbs higher

All five of SMU’s sheet and plate price indices increased this week for the second week in a row, with tags inching up to new multi-month highs. Prices are now up $30-70/st compared to four weeks ago.

Hot-rolled (HR) coil prices rose for the seventh consecutive week, moving $10/st higher week over week (w/w) to $870/st. Our cold rolled index climbed by the same amount, increasing for the sixth-straight week to $1,040/st. The last time prices for either of these products were this high was back in July.

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.