SMU Price Ranges: Modest increases in sheet, plate stable

All four of SMU’s sheet price indices inched $5-10 per short ton (st) higher this week, while plate prices held steady. Most prices remain at some of the highest levels seen in over a year.

Buyers continue to report supply is limited on both sheet and plate products. These material concerns, plus low inventories, are pushing some to rebuild stocks as a precaution, rather than in response to strengthening demand. Logistics, war, and inflation are also driving market uncertainty. Our sources generally expect prices to rise over the next month or so, but their outlooks beyond that are hazy.

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.