SMU Price Ranges: Sheet and plate markets strengthen

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.

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.