Latest Newsletter
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SMU Steel Buyers Sentiment Index at +37
Buyers and sellers of flat rolled steel continue to be optimistic regarding business prospects both in the current market environment as well as lo.... More »»
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Hot Rolled Futures Stabilize…
The futures market stabilized this week as renewed buying interest has returned. It seems that the recent spot weakness is being shrugged off by .... More »»
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Mill Lead Times Respectable Yet Mills Willing to Negotiate Steel Prices
Domestic mill lead times continue to be better than they were at this time last year. Hot rolled lead times averaged 3.94 weeks, according to our s.... More »»
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Steel Buyers Anticipate Further Erosion in Hot Rolled Steel Pricing
On Monday of this week Steel Market Update sent invitations to just under 600 companies to participate in our flat rolled More »»
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Dead Cat Bounce..?
Steel Market Update has become aware of price negotiations on benchmark hot rolled within the past couple of weeks which took base prices below $60.... More »»
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Pollution a Smoke Screen for Plummeting Iron Ore Prices
Iron ore spot prices in China plummeted for the third week. During the past three weeks 62% Fe fines dropped by 6 percent and 58% Fe by 5 percent, .... More »»
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ISM Steel Buyers Expecting Fewer New Orders in Next 3 Months
Steel buyers report a softening in new orders in the latest Institute for Supply Management (ISM) Steel Buyer’s Survey. Those who expect orders t.... More »»
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SMU MoMo Index Still in Negative Territory
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S remained negative this week for the 6th consecutive week after.... More »»
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Canadian Residential Construction Strong in January
Canadian building permit value rose 8.5 percent in January to $7.0 billion after falling 4.8 percent in December. Higher building intentions in the.... More »»
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Having Trouble Reading Our Newsletter Online?
Don’t worry, old dogs can learn new tricks, and Steel Market Update (SMU) wants to teach you a quick one today that may save you from unnecessary.... More »»
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Final Thoughts
Scrap prices in Detroit, Carolinas and Alabama have settled lower for March delivery according to SMU sources. Detroit ferrous scrap prices were re.... More »»
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Steel Buyers Worry About AK Steel & AM/NS Calvert
There are situations at two mills which are causing sleepless nights for some flat rolled steel buyers.
.... 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.
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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 |
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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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Hot Rolled Futures
| NYMEX Hot Rolled Coil Futures as of March 7 2014 | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2014 | |||
| Mar | 627 | 0 | 627 |
| Apr | 623 | 0 | 623 |
| May | 625 | 0 | 625 |
| June | 625 | 0 | 625 |
| July | 629 | +2 | 627 |
| Aug | 629 | +2 | 627 |
| Sept | 629 | +2 | 627 |
| Oct | 629 | +2 | 627 |
| Nov | 629 | +2 | 627 |
| Dec | 629 | +2 | 627 |
| 2015 | |||
| Jan | 635 | 0 | 635 |
| Feb | 635 | 0 | 635 |
| Mar | 635 | 0 | 635 |
| Apr | 635 | 0 | 635 |
| May | 635 | 0 | 635 |
| Jun | 635 | 0 | 635 |
| July | 635 | 0 | 635 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of March 7 2014 | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2014 | |||
| Mar | 408 | 0 | 408 |
| Apr | 405 | 0 | 405 |
| 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 |
| Click here for more information regarding busheling scrap futures | |||
