Latest Newsletter
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Zinc Prices at 10-Year High
Zinc prices hit a 10-year high this week, climbing to $3,000 per metric ton on the London Metal Exchange on Wednesday. Strong global demand and shr.... More »»
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SMU Steel Buyers Sentiment Index: Lower Optimism Trend Continues
Steel Market Update (SMU) is releasing our SMU Steel Buyers Sentiment Index for mid-August. The Index measures how buyers and sellers of flat rolle.... More »»
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SMU Steel Summit 2017 Registration to Close on Friday
The response to this year’s SMU Steel Summit Conference has been overwhelming. So much so that we will close registrations as of the end of busin.... More »»
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More Flat Rolled Mills Tack On $30
The number of U.S.-based flat rolled steel mills announcing price increases on hot rolled, cold rolled, galvanized and Galvalume has reached six.More »»
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Hot Rolled Futures: Price Consolidation
The following article on the hot rolled coil (HRC) steel and financial futures markets was written by Troy Rossi of Crunch Risk LLC. Here is how Tr.... More »»
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Foreign Steel Imports Still Flooding U.S.
The U.S. Department of Commerce released the latest license data for foreign steel imports for the month of August. Beginning in March 2017, import.... More »»
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Foreign vs. Domestic Hot Rolled Price Comparison: Spreads Shrinking
The following calculation is used by Steel Market Update to identify the theoretical spread betwee.... More »»
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SMU Survey Results: Lead Times Flat
Flat rolled lead times, the amount of time it takes for the steel mills to produce an order if placed today, have flattened out and are essentially.... More »»
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Negotiations: Mills Talking Price Despite Price Increase Announcements
Steel buyers and sellers reported mills slightly more open to steel price discussions, based on responses this week from Steel Market Update’s fl.... More »»
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Algoma Lenders Make Deal on Taxes with City
Lenders pursuing the purchase of Canadian steel mill Algoma have reached an agreement with the City of Sault Ste. Marie regarding payment of Algoma.... More »»
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Housing Starts Disappoint in July
June's rebound in housing starts was short-lived, according to data from the Department of Commerce on Wednesday. Housing starts dipped in July to .... More »»
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U.S. Sets Stern Tone for NAFTA Talks
U.S. Trade Representative Robert Lighthizer offered a stern assessment of the United States’ goals for an updated trade agreement with Canada and.... 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 | |||
