Latest Newsletter
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Minor Fire at Burns Harbor Interrupts Operations
A minor fire at the ArcelorMittal Burns Harbor plate mill caused a shutdown in operations on Friday. The fire began in the control room for one of .... More »»
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Forecasts Predict Tax Cuts, GDP Growth
Congress and the Trump administration are likely to act on both tax reform and infrastructure spending before the end of 2018, predict the majority.... More »»
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U.S. Steel, Kobe to Expand PRO-TEC Galv Line
U.S. Steel and Kobe Steel announced plans to expand the galvanizing line at their joint venture PRO-TEC Coating Co. in Leipsic, Ohio.
More »»
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Rules of Origin on Agenda for NAFTA Talks
U.S. content in NAFTA automobiles is shrinking and contributing to the trade deficit America has with Canada and Mexico, according to Secretary of .... More »»
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Fatality at Nucor Decatur
A contractor at Nucor Steel in Decatur, Ala., died at the mill on Saturday afternoon after falling into a vat containing waste product from finishe.... More »»
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Ten Reasons Why SMU Price Momentum Indicator Adjusted to “Lower”
On Friday, Steel Market Update (SMU) adjusted our Price Momentum Indicator to Lower from Neutral. It is our opinion that flat rolled steel prices w.... More »»
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Steel Price Direction - Our Respondents Lead the Way
Steel Market Update (SMU) asked those responding to last week’s flat rolled steel market trends questionnaire where they see flat rolled steel pr.... More »»
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Chinese Steel Production Outpaces World
Growth in Chinese steel production continues to outpace the world, according to a Steel Market Update analysis of World Steel Association data.
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September Shipping Report
Seaborne shipping is getting a much needed rise in rates. Freight rates are gaining strength following two years of historic lows, says MID-SHIP re.... More »»
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Nucor Calls for Stronger Buy American Policies
Nucor Corp. executives urged the U.S. Trade Representative and Department of Commerce to vigorously oppose any efforts to weaken existing Buy Ameri.... More »»
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Will Hurricanes’ Aftermath Be Good for Business?
Steel buyers are evenly split on how their businesses will be affected by the cleanup from Hurricanes Harvey and Irma. About half (48 percent) of r.... More »»
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Comparison Price Indices: Price Averages Moving Lower
Flat rolled steel prices have begun to uniformly move lower based on what we have been collecting for steel price averages from ours and other stee.... 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 27-29, 2018 - 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 September 20 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Sep | 620 | -5 | 625 |
| Oct | 620 | -3 | 623 |
| Nov | 618 | -5 | 623 |
| Dec | 618 | -5 | 623 |
| 2018 | |||
| Jan | 618 | -5 | 623 |
| Feb | 617 | -6 | 623 |
| Mar | 617 | -6 | 623 |
| Apr | 617 | -6 | 623 |
| May | 617 | -6 | 623 |
| Jun | 617 | -6 | 623 |
| Jul | 618 | -6 | 624 |
| Aug | 618 | -6 | 624 |
| Sep | 618 | -6 | 624 |
| Oct | 618 | -7 | 625 |
| Nov | 618 | -7 | 625 |
| Dec | 618 | -7 | 625 |
| Click here for more information regarding hot rolled steel futures | |||
BUS Scrap Futures
| NYMEX #1 Busheling Scrap Futures as of September 20 (final) | |||
|---|---|---|---|
| Date | Latest | Change | Previous |
| 2017 | |||
| Sep | 375 | 0 | 375 |
| Oct | 347 | -26 | 373 |
| Nov | 345 | -23 | 368 |
| Dec | 343 | -23 | 366 |
| Click here for more information regarding busheling scrap futures | |||
