Latest Newsletter
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SMU Price Ranges & Indices: Buyers Waiting
The number of active steel buyers has definitely slowed over the past few weeks. Buyers are holding back as business has slowed for some, inventory.... More »»
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Questions About Circumvention Suits: Do They Have a Chance?
Steel Market Update spoke with two sources regarding the most recent complaint filed by the domestic mills against Vietnam and China for circumvent.... More »»
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Vietnam CR & Coated: Cancel, Ship or Wait & See?
Steel Market Update spent a good portion of our day today talking with steel traders and end users who have exposure (orders on the books not yet d.... More »»
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Weekly Raw Steel Production Rates Continues to Tumble
For the week ending September 24, 2016, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,605,000 net ton.... More »»
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Freight Update for August and September
Freight reports are mixed for August and September. Seaborne freight is seeing a resurgence in volume and pricing while U.S. truck, rail and river .... More »»
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Preliminary August Steel Imports Near 3 Million Tons
On Monday of this week the US Department of Commerce released Preliminary Census Data for August foreign steel imports. Based on the latest data Au.... More »»
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Fish Killing Steel Plant Pledges $500 Million
The Chinese steel industry is often in the news for contributing to severe air pollution but now a Taiwanese-owned steel mill in Vietnam is accused.... More »»
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New Home Sales Are Solid In August
Sales of new single-family homes fell 7.6 percent month-over-month but were 20.6 percent higher on a year-over-year basis, according to data releas.... More »»
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Home Prices Continue To Rise in S&P Case-Shiller Indices
Home prices continued to grow in July according to the latest S&P CoreLogic Case-Shiller Indices. On a year-over-year basis, the National Index.... More »»
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Final Thoughts
This area of the Steel Market Update newsletter is reserved for me to be able to provide my thoughts/opinions on a variety of subjects and our read.... More »»
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Steel Mill Lead Times Essentially Same as One Year Ago
Flat rolled lead times continued to slip, according to those responding to last week’s Steel Market Update flat rolled market trends analysis sur.... More »»
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SMU Survey Says: Steel Mills Willing to Negotiate Spot Pricing
Spot steel prices are now negotiable on hot rolled, cold rolled, galvanized and Galvalume according to those responding to our mid-September 2016 f.... 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 28-30, 2017 - 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 September 28 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2016 | |||
| Sep | 542 | 0 | 542 |
| Oct | 495 | -7 | 502 |
| Nov | 495 | -7 | 502 |
| Dec | 495 | -7 | 502 |
| 2017 | |||
| Jan | 494 | -6 | 500 |
| Feb | 494 | -4 | 498 |
| Mar | 494 | -4 | 498 |
| Apr | 493 | -2 | 495 |
| May | 493 | -1 | 494 |
| Jun | 493 | -1 | 494 |
| Jul | 490 | -4 | 494 |
| Aug | 490 | -4 | 494 |
| Sep | 490 | -4 | 494 |
| Oct | 490 | -3 | 493 |
| Nov | 490 | -3 | 493 |
| Dec | 490 | -3 | 493 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of September 21 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2016 | |||
| Sep | 234 | 0 | 234 |
| Oct | 220 | -20 | 240 |
| Nov | 235 | -10 | 245 |
| Dec | 240 | -10 | 250 |
| 2017 | |||
| Jan | 250 | -8 | 258 |
| Feb | 250 | -8 | 258 |
| Mar | 250 | -8 | 258 |
| Apr | 253 | -5 | 258 |
| May | 253 | -5 | 258 |
| Jun | 253 | -5 | 258 |
| Jul | 253 | -5 | 258 |
| Aug | 253 | -5 | 258 |
| Sep | 253 | -5 | 258 |
| Oct | 253 | -5 | 258 |
| Nov | 253 | -5 | 258 |
| Dec | 253 | -5 | 258 |
| Click here for more information regarding busheling scrap futures | |||
