Final Thoughts
September 14, 2020
Final Thoughts
Written by Tim Triplett
We can all agree steel prices are on an upward trajectory right now. How high they will go, and for how long, is another matter.
SMU’s check of the market on Monday and Tuesday puts the benchmark price for hot rolled steel at $580 per ton, up about $40 in the past week. U.S. Steel, UPI and Algoma announced another round of price increases this week. Buyers tell us their mill reps are holding the line with $600 per ton HR as the target.
