Market Data
June 16, 2026
SMU Price Ranges: Sheet climbs further, plate stabilizes
Written by Brett Linton
SMU’s sheet price indices increased further this week, while plate held steady, all at multi-year highs.
Prices have risen $40-85 per short ton (st) in the past month and are up $200-265/st (22-25%) from the start of the year. Buyers continue to report that spot ton availability is an issue, coupled with extended lead times, mill outages, and low inventories.
Our hot-rolled index rose to a three-year high of $1,130/st, the highest recorded since April 2023. Cold rolled prices are also at the highest levels seen since that time, rising to $1,335/st this week.
Coated products are at highs last witnessed in January 2024; galvanized rose to $1,325/st this week, and Galvalume increased to $1,330/st.
Plate held at $1,290/st, high levels last seen in February 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: $1,100–1,160/st, averaging $1,130/st
The lower end of our range is up $20/st week over week (w/w), while the top end is up $10/st. Our overall average is up $15/st w/w.
Hot-rolled lead times range from 5–10 weeks, averaging 7.4 weeks as of our June 11 market survey.
Cold-rolled coil: $1,320–1,350/st, averaging $1,335/st
The lower end of our range is up $50/st w/w, while the top end is up $10/st. Our overall average is up $30/st w/w.
Cold-rolled lead times range from 7–12 weeks, averaging 9.1 weeks through our latest survey.
Galvanized coil: $1,300–1,350/st, averaging $1,325/st
The lower end of our range is up $30/st w/w, while the top end is up $20/st. Our overall average is up $25/st w/w.
Galvanized .060×48” G90 benchmark: SMU price range is $1,399–1,449/st, averaging $1,424/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 6–12 weeks, averaging 8.8 weeks through our latest survey.
Galvalume coil: $1,300–1,360/st, averaging $1,330/st
The lower end of our range is up $40/st w/w, while the top end is up $20/st. Our overall average is up $30/st w/w.
Galvalume .0142×42” AZ50, grade 80 benchmark: SMU price range is $1,900–1,960/st, averaging $1,930/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 7–10 weeks, averaging 8.6 weeks through our latest survey.
Plate: $1,240–1,340/st, averaging $1,290/st
Our range is unchanged w/w.
Plate lead times range from 6–10 weeks, averaging 8.1 weeks through our latest survey.
