Tag: prices

Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.

The price gap between US hot-rolled coil and landed offshore product narrowed this week, as price movements stateside and abroad diverged.

US rebar and wire rod prices rose month on month (m/m) alongside continued scrap increases, while merchant bar and structurals were unchanged.

One third of the steel buyers responding to our market survey this week reported that domestic mills are negotiable on new spot order pricing. Mills began to hold a firmer stance on prices towards the end of last year, tightening their grip in early January and holding it since.

Sheet market participants said conditions this week were more stable than in past weeks, but they remain cautiously optimistic overall.   

Flat-rolled steel prices inched upward again this week as mixed demand appeared to be offset by limited supplies.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $970 per short ton, up $5/st from last week.

Participants in the hot- and cold-rolled coil markets said winter storms in the East and Midwest may disrupt weekly order volumes and prices.  

At SMU, we ask the big questions: To be or not to be? Hot band at a grand? On the one hand, whether hot-rolled coil price can or can’t go above $1,000 per short (st) is a silly argument. It’s just a number. On the other hand, round numbers are something that we tend to fixate on. They can be psychologically important to a market – even if they shouldn’t be.

All but one of the steelmaking raw materials we track increased in price over the last month

SMU polled steel buyers on an array of topics earlier this week, ranging from market prices and demand, to inventories, imports, and evolving market events.

What do SMU's latest survey results show about the current market take on tariffs and where HRC prices are going?

Sheet prices mostly continued their uneven but steady march higher this week, according to SMU’s latest check of the market.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $965 per short ton (st), up $5/st vs. the prior week.

A report on the sheet market this week.

Lower finished steel imports continued to support US domestic prices this month. HR coil prices are up more than $40 per metric ton (mt) month-on-month (m/m) due to higher seasonal demand in January and tightening domestic supply.

The plate market’s swell of optimistic sentiment marking the start of 2026 dissipated this week.  

The price gap between US hot-rolled coil (HR) and landed offshore product has been relatively flat to begin the year.

Just over a third of the steel buyers who responded to our market survey this week reported that domestic mills are willing to talk price to secure new spot orders.

SMU’s sheet price indices climbed to new multi-month highs this week, while plate prices marginally declined.

Nucor’s consumer spot price (CSP) for hot-rolled coil increased to $960 per short ton (st), up $10/st vs. the prior week.

SSAB Americas, Nucor, and Oregon Steel Mills all announced higher plate prices on Friday.

Economic activity across the US increased at a light-to-modest pace, according to the US Federal Reserve’s (The Fed) latest Beige Book report.

Sheet prices are set to stay weak in China, hold steady in India, while they are set to rise in the EU and US due to protectionist limits on imports.

As more contracts are up for negotiation in 2026, labor is poised play a larger role in operational planning at a time when trade issues and high prices also are in play.

Participants in the domestic steel plate market said they are maintaining strong order books, experiencing longer lead times, and finding mills are less open to negotiating prices.

The price spread between domestic hot-rolled coil and prime scrap widened for a fourth consecutive month in January, based on SMU’s most recent pricing data.

The majority of SMU’s sheet and plate price indices rose this week, with multiple products climbing to new multi-month highs

Nucor’s consumer spot price (CSP) for hot-rolled coil remains unchanged at $950 per short ton (st) for the fourth consecutive week.

Steel plate market participants think increasing spot prices and growing order volumes could stick around. That’s two encouraging signs for the year ahead, they said. Oregon Steel Mills, SSAB, and Nucor all increased base prices for plate products by $40 per short ton (st) in the final weeks of December. SMU data also indicates that mills […]