SMU Data and Models
December 22, 2019
SMU Market Trends: Pricing, Demand, Forecasts
Written by Tim Triplett
In four rounds of price increases since late October, flat rolled steel mills have raised prices by a total of $150 per ton. How much are they collecting? Some, but certainly not all, according to the service center and manufacturing executives who responded to Steel Market Update’s questionnaire this week.
SMU data places the average benchmark price for hot rolled steel at $570 per ton. That’s about $100 more than the trough in October when the mills announced their first increase.
