Latest Newsletter
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Price Increase Announcements Lead to SMU Price Momentum Change
On Tuesday of this week, ArcelorMittal USA announced new “minimum” base pricing on hot rolled, cold rolled and galvanized products. On Wednesda.... More »»
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SMU Steel Buyers Sentiment Index: A Bottoming of the Cycle?
The Steel Market Update (SMU) Steel Buyers Sentiment Index market cycle appears to have bottomed as buyers and sellers of flat rolled steel were sl.... More »»
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SDI: Positive Pricing Environment Ahead
Steel Dynamics and CEO Mark Millett are expecting a tighter steel market in the fourth quarter. After surging ahead of possible Section 232 trade a.... More »»
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Steel Mill Lead Times: Shortening
Flat rolled steel lead times continue to shorten up, a trend under way since early August, according to the service centers and manufacturers who r.... More »»
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Steel Mill Negotiations: Everyone Was Dancing Prior to Price Announcements
On Monday of this week, Steel Market Update began collecting data for our mid-October flat rolled steel market trends analysis. We invited over 600.... More »»
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Nucor: Delay of Section 232 Causing Import Surge
The delay by the Trump administration in making a decision on Section 232 is allowing further damage to the steel industry, said Nucor CEO, Chairma.... More »»
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Futures: HR Rebounds on Mill Price Increases and Expected Longer Lead Times
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how.... More »»
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Is Trust Another Victim of Kobe Steel Scandal?
Does the Kobe Steel scandal raise the question that other steel mills, including those in the United States, might cut corners with testing and fal.... More »»
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SSAB Americas Moving Headquarters
SSAB Americas is moving its head office from Chicago to Mobile to be near to its Axis, Ala., steel mill.
"Mobi.... More »»
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Hurricanes Hurt Homebuilding in the South
The recent hurricanes dealt a blow to housing starts and authorizations in September, with construction data showing declines in the South.
More »» -
ABI Reverses in September
The Architecture Billings Index reversed course for the first time in seven months, slipping to a score of 49.1 in September from 53.7 in August. A.... More »»
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ArcelorMittal Raises Flat Rolled Base Prices
ArcelorMittal USA began advising their customers late this evening of their intention to raise flat rolled steel base prices. In an internal memo s.... More »»
Products & Services
Save the Date!
Steel Summit: A steel conference for manufacturing companies, fabricators, service centers, wholesalers, trading companies, steel mills, toll processors and companies who provide products and services to the steel industry.
August 27-29, 2018 - Atlanta, Georgia, USA - Georgia International Convention Center
Additional details can be found on in our Events section here.
To your left is a demonstration of the Steel Market Update Interactive Graphing Tool which can be found in the Pricing section of our website. Using the Interactive Graphing Tool, Members are able to view current and historical market pricing for hot rolled, cold rolled, galvanized, Galvalume, #1 heavy metal scrap, shredded scrap, and #1 busheling scrap.
Not only will your Membership allow you to view current real time prices, but as a member you can also view weekly, monthly, and yearly averages. Our Interactive Graphing Tool will even enable you to compare value averages and products side by side.
Scroll over the graph to see individual data points. You can control what products are shown by clicking on the colored dots next to the product names. At the top of the graph you can drag the bars in order to view the data for a specific time period.
Our members (including free trial members) will be able to access the data in both table and graph format.
(Note: the public graph is intended to give users an understanding of the capabilities of our Interactive Graphing Tool. It does not show current pricing)
Steel Market Update is North America's leading source for flat rolled steel market news and price information. The SMU newsletter is our flagship product and service. Steel Market Update subscribers benefit from weekly insights into key market indicators and real time pricing. Hot rolled, cold rolled, galvanized, galvalume, and scrap are continuously tracked and analyzed by our experienced industry experts.
| Two Unique Newsletters | |
|---|---|
| Executive Level Membership | Premium Level Membership |
|
Produced three times per week with current pricing, important market trends, news and analysis. This is our traditional SMU Newsletter experience with new value added features and access to expanded data within our website |
Building off our Executive Newsletter, Premium subscribers receive additional access to the new SMU website and proprietary survey, economic and industry related data and analysis. |
Let Steel Market Update help you achieve your marketing goals, and increase traffic to your business website. Steel Market Update is read by thousands of flat rolled steel professionals each week, and our website generates over 20,000 unique visits per month. Advertise with SMU and gain effective exposure to your target market!
There are three methods of advertising with Steel Market Update:
- Newsletter
- Website
- Combination of Newsletter & Website
For more information on advertising with us, click on the button below where you can watch our advertising video and download our media kit.
The Price Estimator allows you to calculate the "average" prime price for any specific gauge, width, quality and coating weight. This includes hot rolled, cold rolled, galvanized and Galvalume steel. The SMU Price Estimator uses our spot price assessments to determine the average base price for each flat rolled steel product . We then add the domestic mill extras for thickness, width, quality and coating when applicable. You can click on the link below or on the Estimator tab at the top of each page to get to test the Price Estimator which is free to the public.
- One of a kind steel industry training
- The only steel industry training to include full mill tours
- Expert insight into market fundamentals from experienced steel professionals
- Understand how to effectively protect your inventory
- Learn how steel hedging works
- Learn the fundamentals of the futures market
- And much more
- Learn how to pick the proper strategy for your goal.
- Learn how to evaluate markets and the trading process.
- Learn how to execute the initial trades associated with the strategy, and much much more.
Steel Market Update is proud to be the leader in steel market education and training. We offer a variety of engaging workshops that provide attendees with the knowledge and skills necessary in today's competitive steel market. Our workshops and conferences are offered across the country and are facilitated by industry experts. For more information, click here.
Hot Rolled Futures
| NYMEX Hot Rolled Coil Futures as of October 18 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Oct | 590 | -5 | 595 |
| Nov | 597 | +9 | 588 |
| Dec | 610 | +18 | 592 |
| 2018 | |||
| Jan | 615 | +18 | 597 |
| Feb | 615 | +18 | 597 |
| Mar | 615 | +18 | 597 |
| Apr | 615 | +16 | 599 |
| May | 615 | +16 | 599 |
| Jun | 615 | +16 | 599 |
| Jul | 615 | +15 | 600 |
| Aug | 615 | +15 | 600 |
| Sep | 615 | +15 | 600 |
| Oct | 615 | +15 | 600 |
| Nov | 615 | +15 | 600 |
| Dec | 615 | +15 | 60 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of October 18 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Oct | 333 | 0 | 333 |
| Nov | 330 | 0 | 330 |
| Dec | 335 | +5 | 330 |
| 2018 | |||
| Jan | 335 | +5 | 330 |
| Feb | 335 | +5 | 330 |
| Mar | 335 | +5 | 330 |
| Apr | 330 | +3 | 327 |
| May | 330 | +3 | 327 |
| Jun | 330 | +3 | 327 |
| Jul | 325 | +1 | 324 |
| Aug | 325 | +2 | 323 |
| Sep | 325 | +3 | 322 |
| Oct | 320 | 0 | 320 |
| Nov | 320 | 0 | 320 |
| Dec | 320 | 0 | 320 |
| Click here for more information regarding busheling scrap futures | |||
