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April 28, 2026
SMU Price Ranges: Market continues to climb higher
Written by Brett Linton
All five of SMU’s sheet and plate price indices increased yet again this week. Sheet products ticked up $10 per short ton (st) from last week, while plate jumped $25/st week over week (w/w), all rising to new multi-year highs.
Hot-rolled coil is now up to $1,070 per st, the highest it has been since May 2023.
Cold rolled and coated prices remain at highs last seen in February 2024. Our cold rolled index increased to $1,220/st, galvanized to $1,200/st, and Galvalume to $1,210/st.
Our plate index rose to $1,215/st this week, surpassing the one-year high set last week and now the highest price recorded since April 2024.
SMU’s price momentum indicator remains at higher for both sheet and plate products, signaling that we expect prices to increase further in the short term.
Refer to Table 1 (click to enlarge) for our latest price indices and trends.
Hot-rolled coil: $1,040–1,100/st, averaging $1,070/st
The lower end of our range is unchanged w/w, while the top end is up $20/st. Our overall average is up $10/st w/w.
Hot-rolled lead times range from 4–10 weeks, averaging 6.6 weeks as of our April 16 market survey. We will publish updated lead times on Thursday.
Cold-rolled coil: $1,200–1,240/st, averaging $1,220/st
Our entire range is up $10/st w/w.
Cold-rolled lead times range from 6–10 weeks, averaging 7.9 weeks through our latest survey.
Galvanized coil: $1,160–1,240/st, averaging $1,200/st
The lower end of our range is unchanged w/w, while the top end is up $20/st. Our overall average is up $10/st w/w.
Galvanized .060×48” G90 benchmark: SMU price range is $1,250–1,330/st, averaging $1,290/st FOB mill, east of the Rockies.
Galvanized lead times range from 6–11 weeks, averaging 8.1 weeks through our latest survey.
Galvalume coil: $1,180–1,240/st, averaging $1,210/st
The lower end of our range is unchanged w/w, while the top end is up $20/st. Our overall average is up $10/st w/w.
Galvalume .0142×42” AZ50, grade 80 benchmark: SMU price range is $1,609–1,669/st, averaging $1,639/st FOB mill, east of the Rockies.
Galvalume lead times range from 7–10 weeks, averaging 8.3 weeks through our latest survey.
Plate: $1,170–1,260/st, averaging $1,215/st
The lower end of our range is up $10/st w/w, while the top end is up $40/st. Our overall average is up $25/st w/w.
Plate lead times range from 6–9 weeks, averaging 7.4 weeks through our latest survey.
