Market Data
June 9, 2026
SMU Price Ranges: Sheet and plate markets strengthen
Written by Brett Linton
All five of SMU’s price indices increased this week to new multi-year highs. Sheet prices rose $10-15 per short ton (st) week over week (w/w), while plate prices jumped $30/st. Prices have increased by $185-255/st (20-25%) since the beginning of the year.
This marks the 20th consecutive week that our indices have held steady or increased. And the tone from buyers remains the same. Spot tons are hard to come by due to limited mill availability and stretched lead times. Also, low inventories and mill outages are keeping supply tight.
Our hot-rolled index rose to $1,115/st, the highest it has been since May 2023. All other products are at highs last seen in early 2024; cold rolled ticked up to $1,305/st, galvanized and Galvalume rose to $1,300/st, and plate jumped to $1,290/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.
Refer to Table 1 (click to enlarge) for our latest price indices and trends.
Hot-rolled coil: $1,080–1,150/st, averaging $1,115/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 5–10 weeks, averaging 7.1 weeks as of our May 28 market survey. We will publish updated lead times on Thursday.
Cold-rolled coil: $1,270–1,340/st, averaging $1,305/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.
Cold-rolled lead times range from 6–11 weeks, averaging 8.1 weeks through our latest survey.
Galvanized coil: $1,270–1,330/st, averaging $1,300/st
The lower end of our range is up $20/st w/w, while the top end is up $10/st. Our overall average is up $15/st w/w.
Galvanized .060×48” G90 benchmark: SMU price range is $1,369–1,429/st, averaging $1,399/st FOB mill, east of the Rockies. Note that this spec includes $99/st in mill extras, and extras may vary by mill.
Galvanized lead times range from 6–11 weeks, averaging 8.2 weeks through our latest survey.
Galvalume coil: $1,260–1,340/st, averaging $1,300/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 $1,860–1,940/st, averaging $1,900/st FOB mill, east of the Rockies. Note that this spec includes $600/st in mill extras, and extras may vary by mill.
Galvalume lead times range from 6–10 weeks, averaging 8.3 weeks through our latest survey.
Plate: $1,240–1,340/st, averaging $1,290/st
The lower end of our range is up $20/st w/w, while the top end is up $40/st. Our overall average is up $30/st w/w.
Plate lead times range from 6–9 weeks, averaging 7.3 weeks through our latest survey.
