Latest Newsletter
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SMU Respondents Sound Off on Price Increase
Last week, Steel Market Update (SMU) conducted one of our flat rolled steel market trends analyses as we surveyed manufacturing companies, service .... More »»
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Comparison Price Indices: Mixed Messages
Flat rolled steel prices had another mixed week of results based on our analysis of the steel indexes reporting last week. Hot rolled prices were u.... More »»
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Lenders Pursue Troubled Indian Steel Mills
Galvanized steel producers Bhushan Steel and Essar Steel are in serious trouble with their lenders. Banks led by the .... More »»
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CMC to Exit International Marketing and Distribution
Commercial Metals Co., Irving, Texas, plans to exit its International Marketing and Distribution Segment. As an.... More »»
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MSCI Decries Section 232 Actions that Could Harm Aluminum Trading Partners
“Countries like China are clearly at fault for the decline of the North American aluminum industry,” said M.... More »»
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Aluminum's Tussle Over 232 Mirrors Steel
The Department of Commerce hearing Thursday on the proposed Section 232 for aluminum revealed the same big rift between supporters and opponents as.... More »»
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ASD Now Part of FMA
The Association of Steel Distributors is now a technical affiliate of the Fabricators & Manufacturers Association, International, Elgin, Ill. A.... More »»
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Steel 101 Workshop at California Steel a Success
On Thursday and Friday of this past week Steel Market Update conducted our 21st Steel 101: Introduction to Steel Making & Market Fundamentals w.... More »»
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Economist to Bring Wry Perspective to SMU Steel Summit
“Trade is often motivated more by politics than it is by economics,” says Dr. Chris Kuehl, managing director of Armada Corporate Intelligence, .... More »»
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Active Gas & Oil Rig Counts Continue to Improve
According to Baker Hughes data from June 23, 2017, the US rig count for the week was 941 rigs exploring for or developing oil or natural gas. This .... More »»
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New Home Sales Rebound in May
New home sales in May rebounded after an April decline to a seasonally adjusted annual rate of 610,000, an increase of 2.9 percent. Median sales pr.... More »»
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Final Thoughts
I am at 35,000 feet and, according to the monitor in front of me, we are traveling at 564 miles per hour and are located over the state of Utah. Af.... 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 | |||
