Latest Newsletter
-
SMU Price Ranges & Indices: Prices Move Higher
Last week, the flat rolled and plate steel mills announced price increases. Steel Market Update has seen prices rise in the mill spot markets (not .... More »»
-
Service Center Spot Sales Pressure Mill Price Increases
In Steel Market Update's (SMU) latest flat rolled steel market analysis, manufacturing companies and steel service centers are sending mixed messag.... More »»
-
HARDI: Mill Behavior’s Confusing
How can domestic mills expect to increase prices when their lead times are so short and foreign steel is still so plentiful? In the monthly steel c.... More »»
-
Steel Buyer’s Basics: Coating Costs
Over the last few weeks, the price of zinc has risen to over $1.41 per pound on the London Metal Exchange, and I thought it was time for an update .... More »»
-
Raw Steel Production Dips for the Week
Domestic raw steel production totaled 1,763,000 net tons in the week ending Aug. 19, a 6.5 percent increase from the same period last year, but a 1.... More »»
-
Auto Data Reveals Reasons for Concern
Light vehicle assemblies in NAFTA declined sharply in July, according to data from Ward’s Automotive.
Econom.... More »»
-
WSJ Questions Lighthizer Rationale on Auto Rules of Origin
Rules of origin for automobiles continue to confound NAFTA negotiators. Currently, 62.5 percent of an automobile .... More »»
-
Section 337 Trans-shipment Claim Under Review
U.S. Steel's Section 337 allegations of trans-shipment of Chinese steel products are being challenged by seven Chinese steel mills.
More »»
-
USW Leaders Comment on NAFTA Issues
The United States and Canadian leaders of the United Steelworkers released a joint statement on Wednesday advocating NAFTA rules-of-origin, strong .... More »»
-
Great Year for BlueScope Steel
BlueScope Steel, the parent of North Star BlueScope, will have a change in command. Mark Vassella has been appointed the new managing director and .... More »»
-
Reminder for Our SMU Steel Summit Attendees
SMU Steel Summit Attendees,
Thank you again for registering for the 7th SMU Steel Summit Conference, which is .... More »»
-
Final Thoughts
I am stuck between a rock and a hard place. We are trying to accommodate everyone who wants to attend our 2017 SMU Steel Summit Conference even tho.... 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 August 16 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Aug | 621 | 0 | 621 |
| Sep | 625 | -5 | 630 |
| Oct | 627 | -6 | 633 |
| Nov | 628 | -5 | 633 |
| Dec | 629 | -4 | 633 |
| 2018 | |||
| Jan | 630 | -5 | 635 |
| Feb | 630 | -5 | 635 |
| Mar | 630 | -5 | 635 |
| Apr | 631 | -4 | 635 |
| May | 631 | -4 | 635 |
| Jun | 631 | -4 | 635 |
| Jul | 631 | -4 | 635 |
| Aug | 631 | -4 | 635 |
| Sep | 631 | -4 | 635 |
| Oct | 631 | -4 | 635 |
| Nov | 631 | -4 | 635 |
| Dec | 631 | -4 | 635 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of August 16 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Aug | 374 | 0 | 374 |
| Sep | 369 | +9 | 360 |
| Oct | 367 | +10 | 357 |
| Nov | 365 | +12 | 353 |
| Dec | 363 | +13 | 350 |
| Click here for more information regarding busheling scrap futures | |||
