Steel Products Prices North America
October 13, 2020
SMU Price Ranges & Indices: Not Much Change
Written by Brett Linton
The benchmark price for hot rolled remained unchanged at around $650 per ton, according to Steel Market Update’s check of the market this week, even as the mills worked to collect the price increases announced earlier in the month. Other flat rolled products saw a modest increase. Begging the question: Is the upward price momentum beginning to slow? Forty percent of the respondents to SMU’s questionnaire this week said they believe prices are peaking. Almost all see the HR price leveling out somewhere south of $700 in the next 30-60 days. SMU’s Price Momentum Indicators continue to point Higher on both flat rolled and plate products, but we are keeping a close eye on the trend.
Here is how we see prices this week:
