Analysis
February 24, 2026
SMU Price Ranges: Sheet sees modest increase, plate jumps
Written by Brett Linton
The majority of SMU’s sheet and plate price indices rose this week, with multiple products climbing to highs not seen in months or years. Sheet prices continue to grind higher on tight supply and ‘OK’ demand. Plate finally saw some movement after weeks of stability as price increases begin to stick.
Sheet prices have trended higher since September, increasing by $25-30 per short ton (st) in the past month. Prior to this week, plate had been relatively steady since early January.
