Economy
December 3, 2019
SMU's November At-a-Glance
Written by Brett Linton
Steel prices had upward momentum in November following multiple price increase announcements by the mills on flat rolled and plate products. Steel Buyers Sentiment moved upward along with the prices as service centers and OEMs anticipated a strengthening market.
After bottoming in mid-October at around $480 per ton, the benchmark price for hot rolled steel moved up to about $535 per ton by the end of November, for a monthly average of $520. Other steel product prices increased to a similar degree, except for Galvalume and plate which were fairly flat.
