Steel Products Prices North America
May 11, 2021
SMU Price Ranges & Indices: HR Rises for 40th Week in a Row
Written by Brett Linton
Hot rolled steel prices have been on the rise for 40 weeks in a row now, reaching a new pinnacle of $1,570 per ton—at least until next week when they likely set another new record. Steel Market Update’s Price Momentum Indicator continues to point toward higher prices over the next 30 days. SMU’s check of the market this week shows flat rolled prices generally up another $30-40 per ton. The average price for galvanized is unchanged from SMU’s calculation last week. Demand continues to overwhelm supplies, as buyers struggle to find enough steel to meet their customers’ needs. As one said this week: “It used to be easy to get steel and hard to make the sale. Today it’s the opposite.”
Here is how we see prices this week:
