SMU Price Ranges: Sheet moves higher, plate stable
SMU’s sheet price indices continued to climb this week, while plate held steady, all at multi-year highs.
Tag: Hot Rolled
Hot-rolled coil market participants accept delays, price increases
Participants in the hot-rolled coil spot market revealed that growing discomfort with current market dynamics hasn't deterred them from conducting spot transactions.
SMU Survey: Sheet and plate lead times hold at extended levels
Steel mill lead times remain at or near multi-year highs for all sheet and plate products.
SMU Survey: Mills maintain grip on sheet and plate prices
This week we saw low negotiation rates across all products, with coated and plate products slightly more negotiable than hot rolled and cold rolled.
SMU Price Ranges: Sheet and plate markets tighten
Sheet and plate price indices increased between $5-20 per short ton (st) from last week.
Nucor nudges up spot HR price by another $5/ton
Nucor announced on Tuesday, May 26, that its consumer spot price (CSP) for hot-rolled coil will be $1,095 per short ton for the week, up $5/st from last week.
SMU Price Ranges: Few signs of a peak with demand strong and spot tons scarce
Sheet prices continue to rise in a market that remains characterized by extremely limited spot availability, solid demand, long lead times, and the lowest sheet inventories since May 2021.
Nucor hikes spot HR price to $1,090/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,090 per short ton, up $10/st from last week.
With US prices high and lead times long, some sheet buyers eye imports
Sources told SMU they’ve begun considering whether US imports of sheet might benefit the overall market.
HRC vs. prime spread widens further in May
The spread between domestic hot-rolled coil and prime scrap prices continued to widen in April, a trend that began in September.
JSW's US ops swing to profit in fiscal Q4
India-based JSW Steel’s combined US operations swung to a slight profit in its fiscal fourth quarter of 2026.
SMU Survey: Sheet and plate lead times remain extended
SMU Survey: Sheet and plate lead times remain extended, according to buyers responding to our latest market survey.
SMU Survey: Buyers report mills are holding a grip on prices
Buyers continue to report mills are holding a firm grip on sheet and plate prices.
SMU Price Ranges: Sheet and plate markets continue to tick higher
All five of SMU’s sheet and plate price indices ticked higher this week, rising further to new multi-year highs. Prices increased between $5-25 per short ton (st) from last week and are $30-65/st higher than they were one month ago.
Nucor hikes spot HR price by $10/ton
On Monday, Nucor hiked its spot HR price by $10/ton.
Nucor raises HR spot price to $1,070/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,070 per short ton (st), a $5/st increase from last week.
Final Thoughts: what does it mean when steel buyers' sentiment inverts?
I haven’t done a deep dive into our sentiment data for a little while. And it’s timely to do so now. Why? Because we’re seeing what I’ll call the inverted yield curve of steel buyers’ sentiment.
Sheet market sources: demand remains stable as prices inch higher
Domestic sheet market participants found business conditions remarkably consistent this week.
Gap between US HR prices, imports little changed
The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues even as stateside and import prices diverged a bit vs. the prior week.
SMU Survey: Sheet and plate lead times hold at elevated levels
Steel mill lead times continue to hold at or near multi-year highs for both sheet and plate products, territory they have been in two months.
SMU Price Ranges: Market continues to climb higher
Each of SMU’s sheet and plate price indices climbed higher this week, with all products rising further to new multi-year highs.
Nucor raises HR spot price to $1,065/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,065 per short ton (st), a $10/st increase from last week.
SMU Price Ranges: Sheet and plate move higher
Each of SMU’s sheet and plate price indices climbed higher this week, with most products rising further to new multi-year highs
Nucor raises HR spot price to $1,055/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,055 per short ton (st), a $10/st bump from last week.
HRC vs. busheling spread continues to widen in April
The spread between domestic hot-rolled coil and prime scrap prices widened again in April, a trend that started back in September.
SMU Price Ranges: Availability trumps price as spot market squeeze tightens
Sheet and plate prices increased yet again this week on an increasingly tight spot market. It's gotten so tight that some market participants say they're becoming more concerned about availability than about price.
Nucor raises HR spot price to $1,045/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,045 per short ton (st), a $5/st bump from last week.
Court backs Commerce in Nippon’s hot-rolled steel review dispute
The US Court of International Trade (CIT) has upheld the Commerce Department’s decision to apply adverse facts available to Nippon Steel in the 2018-2019 administrative review of hot-rolled steel from Japan.
Nucor raises list price for HR by $5/ton to $1,040/ton
Nucor plans to increase its list price for hot-rolled (HR) coil to $1,040 per short ton (st), up $5/st from last week.
SMU Survey: Sheet and plate lead times stabilize at multi-year highs
Steel mill production times for sheet and plate products remain at or near multi-year highs, according to buyers responding to our latest market survey.