Latest Newsletter
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Truck Shipment Delays & Higher Freight Rates Becoming the Norm
SMU has been hearing anecdotal reports about difficulties with finding truck transport as companies try to catch up on winter weather delayed order.... More »»
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Hot Rolled Futures: Now What?
The following is an analysis of trading over the past week in the financial markets, especially in the hot rolled coil derivatives (futures) and bu.... More »»
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Nucor Sales Defy Weather but Earnings Don’t
Nucor announced consolidated net earnings of $111 million for first quarter 2014, up from $84.8 million a year ago but down from $170.5 million in .... More »»
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HARDI/ITR Construction Forecast (Part 2)
Steel Market Update is a member of an association connected to the construction industry called HARDI. HARDI stands for Heating, Air-conditioning &.... More »»
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Preliminary Census Data Has March Imports at 3.2 Million Tons
The U.S. Department of Commerce released preliminary steel import census data for March and reported total steel imports at 3,218,914 net tons (NT).... More »»
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Steel Technologies to Acquire Stripco
Steel Technologies, which is a service center and a 50/50 joint venture between Nucor and Mitsui & Co. (USA), announced earlier this week the a.... More »»
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Reliance Steel Expects Pricing to Rise Steadily Thru 2nd Quarter
Reliance Steel & Aluminum, the largest metals service center in the United States, announced earnings earlier today. The company reported net i.... More »»
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SMU MoMo Index Rising but at a Slower Pace
The Steel Market Update Price MoMo Index for flat rolled steel in the U.S was positive this week for the 3rd week in a row after being in negative .... More »»
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ABI Drops Back into Negative Territory
This seems to be a week of disappointing economic indicators. The Architecture Billings Index turned negative this month after climbing up from a r.... More »»
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Chinese Flat Rolled Exports at 3.1 Million Tons During March
Details on steel trade data out of China were released earlier this week regarding iron ore imports, steel scrap imports, and flat rolled imports a.... More »»
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NA Caterpillar Sales up 16% on Construction Spending
Caterpillar reported that, excluding restructuring costs, earnings were flat in first quarter compared to first q.... More »»
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March Sales Plummet for New Homes—Existing Home Sales Flat
Sales of new residential homes and sales of existing homes were both released this week.
Sales of new singl.... 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 April 23 (final) 2014 | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2014 | |||
| Apr | 660 | +4 | 656 |
| May | 682 | 0 | 682 |
| June | 670 | -10 | 680 |
| July | 638 | -10 | 648 |
| Aug | 634 | -2 | 636 |
| Sept | 634 | -2 | 636 |
| Oct | 633 | -1 | 634 |
| Nov | 633 | -1 | 634 |
| Dec | 633 | -1 | 634 |
| 2015 | |||
| Jan | 632 | 0 | 632 |
| Feb | 632 | 0 | 632 |
| Mar | 632 | 0 | 632 |
| Apr | 632 | 0 | 632 |
| May | 632 | 0 | 632 |
| Jun | 632 | 0 | 632 |
| July | 632 | 0 | 632 |
| Aug | 632 | 0 | 632 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures April 23 (final) 2014 | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2014 | |||
| Apr | 399.69 | 0 | 399.69 |
| 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 |
| Aug | 400 | 0 | 400 |
| Click here for more information regarding busheling scrap futures | |||
