Tag: SMU Price Indices

Sheet and plate prices continued to press higher this week as the current supply squeeze shows no signs of letting up even as contract season winds down and lead times tip into 2027. The historic rally marks a sharp reversal from last year, when the consensus was that prices would drift lower on uneven demand and new capacity. Steel buyers said it remains difficult to find a domestic mill with spot availability in a market that some said is tighter than in 2021, even if prices haven't spiraled as high as they did then. SMU's price assessment for spot hot-rolled (HR) coil stands at...

Sheet and plate prices continue to push higher as mills charge a premium for what little spot tonnage remains for 2026, market participants said. SMU’s price assessment for hot-rolled (HR) coil now stands at $1,290 per short ton (st) on average, up $10/st week over week. HR price gains averaged $5/st w/w throughout July and August, with no changes in prices some weeks and gains of at most $15/st w/w. In September and October to date, in contrast, prices have increased every week—with the average gain at $11.25/st w/w and w/w gains as high as $20/st. Prices for cold-rolled and coated products continued to increase as well. SMU's price assessment for cold-rolled (CR) coil clocked in at...

US sheet and plate prices continued to march higher this week as a market squeeze that’s been in place for months now showed no signs of letting up. Market participants, some mostly focused on 2027 contract negotiations, said that it was increasingly difficult to even get a quote for spot tonnage from domestic mills, which firmly retain their grip on pricing power. SMU’s hot-rolled (HR) coil price stands at...

Sheet and plate prices continued to move higher on market dynamics that have carried headlines for much of the second half of the year: scarce spot tons, long lead times, production delays, lean inventories, and stable demand.

Sheet and plate prices continued to inch higher on a combination of scarce spot tons, long lead times, lean inventories, and stable demand.

Sheet and plate prices remained on an upward trek over the last week as concerns about supply shortages continued to ripple across the market, industry sources said.

Sheet and plate prices continue to push higher on increasingly tight supplies and solid demand, market participants said. The domestic market remains characterized by both limited spot availability and limited contract availability. Buyers continue to report having difficulty finding spot material and being held below their contract maximums and sometimes to their contract minimums.

Flat-rolled steel prices inched higher again this week, continuing a trend that has characterized the market for most of this year. SMU’s hot-rolled (HR) coil price now stands at...

Sheet prices mostly ticked upward again this week on a series of factors long familiar to the market: long lead times, limited spot availability, and solid demand.

Sheet prices and plate prices continued their relentless march higher over the last week as more participants said they were effectively on allocation, especially when it comes to hot-rolled (HR) coil.

Sheet and plate prices either held their ground or increased this week amid what remains an historically tight spot market.

Sheet and plate prices continue to rise on extremely limited spot availability, long lead times, and solid demand, according to market participants.

SMU’s sheet and plate price indices were steady to higher this week, with all products at multi-year highs.

Sheet prices continued to grind higher this week on factors familiar to most steel market participants: extremely limited spot availability, long lead times, low inventories, and firm demand.

Hot-rolled and cold-rolled prices held steady again this week while prices for coated products and plate continued to tick upward.

On July 1, CRU launched a US Galvalume coil benchmark price to serve this growing market.

Market reaction to Nucor’s move was mixed. Some sources said a flat CSP reflected concerns that further increases in US HR prices could attract more import competition. Others expressed frustration. Their view: CSP has kept a lid on prices, something that shouldn’t happen when many buyers remain more concerned about availability than price.

Hot-rolled (HR) coil and plate prices continued to tick higher even as cold-rolled (CR) and coated prices came in unchanged, according to SMU’s latest check of the market.

SMU’s sheet price indices increased further this week, while plate held steady, all at multi-year highs.

All five of SMU’s price indices increased this week to new multi-year highs. Prices have increased by 20-25% since the beginning of the year.

We are happy to share that the SMU Price Estimator Tool is now a little easier to navigate.

SMU’s sheet price indices continued to climb this week, while plate held steady, all at multi-year highs.

U.S. Steel (USS) has revised their galvanized and Galvalume coating extras higher effective Aug. 2, 2026.

Sheet and plate price indices increased between $5-20 per short ton (st) from last week.

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.

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.

Each of SMU’s sheet and plate price indices climbed higher this week, with all products rising further to new multi-year highs.

Each of SMU’s sheet and plate price indices climbed higher this week, with most products rising further to new multi-year highs

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.

Sheet and plate prices were flat or modestly higher this week, continuing a trend we’ve seen since the beginning of Q4. The big question: How much longer can the trend hold?