The SMU Steel Buyers Sentiment Index has seen some erosion since peaking at +77 around Mar.... More »»
Latest Newsletter
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Steel Summit Registrations Hit 525
What do 525 steel and manufacturing executives have in common? They will all be at our 7th SMU Steel Summit Conferenc.... More »»
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Should U.S. Penalize Countries with High Rate of Exports?
Last week, Steel Market Update (SMU) completed our mid-July flat rolled market trends analysis. We invited 650 steel executives to participate. Of .... More »»
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Active Rig Counts Continue to Surpass 2016 Levels
Data from July 7, 2017, shows the U.S. rig count for the week was 950 rigs exploring for or developing oil or natural gas, reports oilfield service.... More »»
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Comparison Price Indices: Yet Another Mixed Week
The week ending July 21 was another mixed week for flat rolled steel and plate prices. Steel Market Update (SMU) steel price indices saw two produc.... More »»
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SMU Survey: Tariffs Would Burden U.S. Manufacturers
The steel market is waiting anxiously to see if the Trump administration places additional tariffs or quotas on steel imports. Opponents of the pro.... More »»
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Nucor, NLMK, ArcelorMittal Raise Prices on Flat Rolled Steels
On Wednesday, Nucor became the first flat rolled mill east of the Rockies to increase spot prices on hot rolled, HRP&O, cold rolled and galvani.... More »»
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SMU Steel Buyers Sentiment Index: Market's Anxious
SDI Sees 'Positive Pricing Environment' Ahead of Section 232
Steel Dynamics, Inc., is excited about the second half and is expecting growth in all sectors through 2018. CEO Mark Millett says the flat rolled a.... More »»
July Foreign Steel Imports Poised to Break 3.5 Million Tons
The U.S. Department of Commerce (DOC) released new foreign steel import license data on July 18. The trend for July is for steel imports to remain .... More »»
Steel Mill Lead Times Flat
Flat rolled lead times remain flat compared to what we reported for early July, as well as one month ago.
Twic.... More »»
Steel Mills More Willing to Negotiate Prices
Despite the risks associated with Section 232 and the belief that flat rolled steel prices will rise prior to and immediately after the announcemen.... More »»
Thin Summer Markets in Hot Rolled Futures
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 »»
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 July 19 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Jul | 617 | -3 | 620 |
| Aug | 637 | +15 | 622 |
| Sep | 638 | +18 | 620 |
| Oct | 635 | +15 | 620 |
| Nov | 635 | +15 | 620 |
| Dec | 635 | +15 | 620 |
| 2018 | |||
| Jan | 633 | +13 | 620 |
| Feb | 633 | +13 | 620 |
| Mar | 633 | +13 | 620 |
| Apr | 632 | +12 | 620 |
| May | 632 | +12 | 620 |
| Jun | 632 | +12 | 620 |
| Jul | 629 | +9 | 620 |
| Aug | 629 | +9 | 620 |
| Sep | 629 | +9 | 620 |
| Oct | 627 | +7 | 620 |
| Nov | 627 | +7 | 620 |
| Dec | 627 | +7 | 620 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of July 19 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Jul | 360 | 0 | 360 |
| Aug | 352 | +12 | 340 |
| Sep | 352 | +12 | 340 |
| Oct | 355 | +16 | 339 |
| Nov | 355 | +16 | 339 |
| Dec | 355 | +16 | 339 |
| Click here for more information regarding busheling scrap futures | |||
