Economy
January 4, 2022
SMU's December at a Glance
Written by Brett Linton
Steel prices declined for the fourth consecutive month in December, following a year-long streak of continuous price increases. Hot-rolled coil prices declined $130 per ton throughout the month, with the SMU index averaging $1,600 per ton ($80.00 per cwt) as of Tuesday, Dec. 21 (SMU did not published updated prices on Dec. 28). The SMU Price Momentum Indicator for sheet products remains at Lower since its mid-October adjustment.
December scrap prices were up $15-25 per ton from the month prior, moving towards the historically high prices seen in July. Click here to view and compare prices using our interactive pricing tool.
