Market Data
June 2, 2026
SMU Price Ranges: Sheet moves higher, plate stable
Written by Brett Linton
SMU’s sheet price indices continued to climb this week, while plate held steady, all at multi-year highs. This marks the 19th consecutive week that our price indices have held steady or increased. All products are between $30-70/st higher than they were one month ago.
Sources continue to report tight spot availability and say that mills are becoming more aggressive on coated pricing. Low inventories, mill outages, and long lead times continue to pressure supply.
Our hot-rolled index increased to a three-year high of $1,105/st. Cold rolled, galvanized, and Galvalume all ticked up to levels last seen in early 2024, rising to $1,295/st, $1,285/st, and $1,290/st, respectively. Plate held steady at a two-year high of $1,260/st.
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.
Note that we have increased the extras used in our G90 galvanized and AZ50 Galvalume indices from to reflect the revised U.S. Steel coating extras announced last week. We have also updated the extras behind our Price Estimator Tool and made some usability improvements in the process.
Refer to Table 1 (click to enlarge) for our latest price indices and trends.
Hot-rolled coil: $1,080–1,130/st, averaging $1,105/st
Our range increased by $10/st w/w.
Hot-rolled lead times range from 5–10 weeks, averaging 7.1 weeks as of our May 28 market survey.
Cold-rolled coil: $1,270–1,320/st, averaging $1,295/st
The lower end of our range is up $10/st w/w, while the top end is up $20/st. Our overall average is up $15/st w/w.
Cold-rolled lead times range from 6–11 weeks, averaging 8.1 weeks through our latest survey.
Galvanized coil: $1,250–1,320/st, averaging $1,285/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.
Galvanized .060×48” G90 benchmark: SMU price range is $1,349–1,419/st, averaging $1,384/st FOB mill, east of the Rockies. Coating extras may vary by mill due to rising zinc costs.
Galvanized lead times range from 6–11 weeks, averaging 8.2 weeks through our latest survey.
Galvalume coil: $1,260–1,320/st, averaging $1,290/st
Our range increased by $20/st w/w.
Galvalume .0142×42” AZ50, grade 80 benchmark: SMU price range is $1,860–1,920/st, averaging $1,890/st FOB mill, east of the Rockies. Coating extras may vary by mill due to rising zinc and aluminum costs.
Galvalume lead times range from 6–10 weeks, averaging 8.3 weeks through our latest survey.
Plate: $1,220–1,300/st, averaging $1,260/st
Our range was unchanged w/w.
Plate lead times range from 6–9 weeks, averaging 7.3 weeks through our latest survey.
