Latest Newsletter
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Essar Steel Algoma Gets Extension to DIP Financing
SAULT STE. MARIE - Essar Steel Algoma Inc. (“Essar Steel Algoma” or the “Company”) obtained an Order today from the Ontario Superior Court of Justice extending the stay.... More »»
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Four Mills Accuse China of Circumventing Trade Orders
On Thursday, September 22, 2015 four steel mills: ArcelorMittal USA, Nucor, AK Steel and US Steel submitted petitions asking the US Department of Commerce to review imports of .... More »»
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Leibowitz: Commerce Asked to Treat Vietnam CORE as if China CORE
Steel Market Update reached out to trade attorney Lewis Leibowitz and to review the Vietnam CORE (corrosion resistant steels = galvanized and Galvalume) filing by California St.... More »»
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Letter to the Editor: Question About Circumvention Complaints
We might as well get the debate started. The circumvention complaints against Vietnam have prompted comments and a healthy discussion is needed as the industry tries to wrap it.... More »»
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CSI and SDI File Circumvention Complaint Against Vietnamese Coated Steels
Earlier today California Steel and Steel Dynamics filed a Request for Circumvention Ruling with the U.S. Department of Commerce against Vietnam. .... More »»
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Steel Importers Subject to AD/CVD Now Have New Threat
Last summer the U.S. Congress passed the ENFORCE Act. The ENFORCE Act provides a path for U.S. companies to ask for investigations of foreign produ.... More »»
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SMU Steel Sentiment Index Takes Hard Dive
The Steel Market Update (SMU) Steel Buyers Sentiment Index dropped 14 points since we last measured Sentiment at the beginning of the month. The 14.... More »»
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Hot Rolled Futures Drop to the Pychological $500 Level
The following article on the hot rolled coil (HRC) and financial futures markets was written by Jack Marshall of Crunch Risk LLC. Here is how Jack .... More »»
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Bedrock Industries Picked as Suitor for US Steel Canada
US Steel Canada has moved closer to a resolution of creditor protection proceedings and a sale of the company. The government of Ontario and Bedroc.... More »»
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US Vehicle Sales and NAFTA Vehicle Production in August 2016
Vehicles sales in the US are settling in to a more sustainable pace, but a strengthening labor market, low interest rates, low gasoline prices, and.... More »»
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September Foreign Steel Imports Trending Toward 3+ Million Ton Month
License requests for steel coming from foreign sources are continuing at a pace where steel imports for the month of September will exceed 3 millio.... More »»
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Existing Home Sales Soften in August
Existing home sales declined for the second month in a row, falling 0.9 percent to a seasonally adjusted annual rate of 5.33 million in August. The.... 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:
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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 September 21 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2016 | |||
| Sep | 542 | -8 | 550 |
| Oct | 502 | -10 | 512 |
| Nov | 502 | -10 | 512 |
| Dec | 502 | -10 | 515 |
| 2017 | |||
| Jan | 500 | -10 | 510 |
| Feb | 498 | -12 | 510 |
| Mar | 498 | -12 | 510 |
| Apr | 495 | -15 | 510 |
| May | 494 | -16 | 510 |
| Jun | 494 | -16 | 510 |
| Jul | 494 | -14 | 508 |
| Aug | 494 | -14 | 508 |
| Sep | 494 | -14 | 508 |
| Oct | 493 | -15 | 508 |
| Nov | 493 | -15 | 508 |
| Dec | 493 | -15 | 508 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of September 21 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2016 | |||
| Sep | 234 | 0 | 234 |
| Oct | 240 | 0 | 240 |
| Nov | 245 | 0 | 245 |
| Dec | 250 | 0 | 250 |
| 2017 | |||
| Jan | 258 | 0 | 258 |
| Feb | 258 | 0 | 258 |
| Mar | 258 | 0 | 258 |
| Apr | 258 | 0 | 258 |
| May | 258 | 0 | 258 |
| Jun | 258 | 0 | 258 |
| Jul | 258 | 0 | 258 |
| Aug | 258 | 0 | 258 |
| Sep | 258 | 0 | 258 |
| Oct | 258 | 0 | 258 |
| Nov | 258 | 0 | 258 |
| Dec | 258 | 0 | 258 |
| Click here for more information regarding busheling scrap futures | |||
