Latest Newsletter
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SMU Survey: Clear Signs of Improving Demand
Steel Market Update (SMU) conducted our mid-April steel market survey this past week. Early in the survey process we approached a subject that we k.... More »»
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SMU Comparison Price Indices: Are We Peaking?
All of the steel indices followed by Steel Market Update saw flat rolled steel prices increase this past week. Benchmark hot rolled coil saw the .... More »»
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Domestic vs. World Export Hot Rolled Price Spread Widens
The spread between the world hot rolled export price and the SMU USA HR price has widened since our last update by $39 per net ton (NT). The curren.... More »»
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SDI: More Opportunities for Consolidation in Next 12 to 18 Months
Steel Dynanics CEO Mark Millett and other officers of the steel mill provided their review of the company's first quarter earnings as well as their.... More »»
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Will 2014 Be a Breakthrough Year for Construction?
Will 2014 be a breakthrough year for construction? That was the premise of a webinar presented by Reed Construction Data paneled by Bernie Markstei.... More »»
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June Groundbreaking Ahead for Big River Steel
John Correnti is moving forward with his plans for Big River Steel with groundbreaking anticipated in June.
Th.... More »»
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USS Gary Works to Receive More Iron Ore Vessels
Ice coverage on the Great Lakes is beginning to subside with 36.7 percent coverage reported by NOAA Great Lakes Environmental Research Laboratory.... More »»
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Steel Buyers Basics: The Truth About Selling Steel
Question: How can you tell when a salesperson is lying? Answer: Their lips move.
Of course from a salesperson perspective, the same que.... More »» -
Northwest Pipe Selected to Provide Pipe for Texas Water Project
Northwest Pipe was selected to provide 108-inch diameter pipe for a Texas water project. The 81,958 feet of pipe translates into 23,000 tons of hot.... More »»
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US and Canadian Rig Counts: Up 73 over Last Year
According to Baker Hughes data from April 17th, 2014, the U.S rig count for this week is 1,831 rigs exploring for or developing oil or natural gas..... More »»
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Final Thoughts
Happy Easter to everyone! Normally Steel Market Update would not publish on Easter Sunday due to it being a holiday in the United States. However, .... More »»
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SMU Steel Buyers Sentiment at Record High
Steel Market Update (SMU) Steel Buyers Sentiment Index reached new highs this week. Buyers and sellers of flat rolled steel were the most optimisti.... More »»
Products & Services
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.
| Three Unique Newsletters | ||
|---|---|---|
| Monthly (Monthly Membership Level) | Executive (Executive Membership Level) | Premium (Premium Membership Level) |
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For the busy executive – A monthly synopsis of the most important price, market and news items from the past month as well as keys to watch in the upcoming month. |
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 SMU new 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:
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For more information on advertising with us, click on the button below, watch our video, and if you are ready, download our media kit.
SMU is excited to announce our new learning center. We are now providing a variety of educational resources from webinars to e-learning modules.
SMU has always been committed to educating our community and empowering members with valuable resources and tools.
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.
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- 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
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- SMU is proud to provide you with custom training programs
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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 workshop details and registration, see our featured event below.
Hot Rolled Futures
| NYMEX Hot Rolled Coil Futures April 17 (final) 2014 | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2014 | |||
| Apr | 656 | 0 | 656 |
| May | 682 | -5 | 687 |
| June | 680 | -3 | 683 |
| July | 655 | 0 | 655 |
| Aug | 636 | -6 | 642 |
| Sept | 636 | -6 | 642 |
| Oct | 635 | -1 | 636 |
| Nov | 635 | -1 | 636 |
| Dec | 635 | -1 | 636 |
| 2015 | |||
| Jan | 635 | -1 | 636 |
| Feb | 635 | -1 | 636 |
| Mar | 635 | -1 | 636 |
| Apr | 635 | -1 | 636 |
| May | 635 | -1 | 636 |
| Jun | 635 | -1 | 636 |
| July | 635 | -1 | 636 |
| Aug | 635 | -1 | 636 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures April 17 (final) 2014 | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2014 | |||
| Apr | 399.69 | 0 | 399.69 |
| May | 403 | 0 | 403 |
| June | 401 | 0 | 401 |
| July | 399 | 0 | 399 |
| Aug | 398 | 0 | 398 |
| Sept | 398 | 0 | 398 |
| Oct | 398 | 0 | 398 |
| Nov | 398 | 0 | 398 |
| Dec | 398 | 0 | 398 |
| 2015 | |||
| Jan | 400 | 0 | 400 |
| Feb | 400 | 0 | 400 |
| Mar | 400 | 0 | 400 |
| Apr | 400 | 0 | 400 |
| May | 400 | 0 | 400 |
| Jun | 400 | 0 | 400 |
| July | 400 | 0 | 400 |
| Aug | 400 | 0 | 400 |
| Click here for more information regarding busheling scrap futures | |||
