Latest Newsletter
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Sentiment Shows Slight Dip as Market Awaits Section 232
The sentiment among buyers and sellers of flat rolled steel remains largely positive, according to Steel Market Update’s latest steel market anal.... More »»
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Hot Rolled Futures: Consolidation of Rising Prices
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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Steel Mill Lead Times Inching Up?
Steel mill flat rolled lead times, which have generally trended downward this spring, my be showing early signs of lengthening, reflecting new stre.... More »»
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Mill Spot Price Negotiations Shift?
Steel buyers report that mills are considerably less willing to negotiate prices on spot orders than they were a month, or even two weeks, ago.
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Global Trade of Hot Rolled Coil
We are continuing our investigation to quantify the players in the global trade of both HRC and CRC. We now have data for the first quarter of this.... More »»
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June Foreign Steel Import Trend at High 3 Million Mark
The U.S. Department of Commerce (DOC) released foreign steel license data on Tuesday of this week. The trend, based on the first 20 days of this mo.... More »»
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Existing Home Sales Climb in May
Existing home sales climbed 1.1 percent in May, reports the National Association of Realtors. Sales rebounded to a seasonally adjusted annual rate .... More »»
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SMU MoMo Index Approaching Positive Territory
The Steel Market Update Steel Price Momentum Index (MoMo) for hot rolled steel in the United States remained negative this week for the ninth conse.... More »»
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New York Joins 'Buy American' Bandwagon
New York State legislators approved an agreement this week prohibiting foreign steel to be used for New York roads and bridges. The “Buy American.... More »»
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Final Thoughts
I am in California as we are conducting our 21st Steel 101 workshop. We have a great group coming as far away as New Jersey in the East, Singapore .... More »»
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SMU Price Ranges & Indices: Mixed Results
We saw mixed results this week as hot rolled prices rose a very modest $5, cold rolled was down $15, galvanized was up $10 and Galvalume remained t.... More »»
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Are Service Centers ‘Comfortable’ With Their Inventories?
We are hearing reports from steel mills that their lead times have moved out and they have been able to collect some, if not most, of the $30 per t.... 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 June 21 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Jun | 589 | -1 | 590 |
| Jul | 630 | +20 | 610 |
| Aug | 630 | +18 | 612 |
| Sep | 630 | +18 | 612 |
| Oct | 625 | +17 | 608 |
| Nov | 625 | +18 | 607 |
| Dec | 617 | +11 | 606 |
| 2018 | |||
| Jan | 620 | +20 | 600 |
| Feb | 620 | +20 | 600 |
| Mar | 620 | +20 | 600 |
| Apr | 620 | +20 | 600 |
| May | 620 | +20 | 600 |
| Jun | 620 | +20 | 600 |
| Jul | 620 | +20 | 600 |
| Aug | 620 | +20 | 600 |
| Sep | 620 | +20 | 600 |
| Oct | 620 | +20 | 600 |
| Nov | 620 | +20 | 600 |
| Dec | 620 | +20 | 600 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of June 21 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Jun | 357 | 0 | 357 |
| Jul | 350 | 0 | 350 |
| Aug | 345 | 0 | 345 |
| Sep | 340 | +5 | 335 |
| Oct | 340 | +10 | 330 |
| Nov | 340 | +10 | 330 |
| Dec |
340 |
+10 | 330 |
| Click here for more information regarding busheling scrap futures | |||
