Market Data
February 27, 2025
Written by Brett Linton
Prices for six of the seven steelmaking raw materials SMU tracks increased from January to February, according to our latest analysis.
Shredded scrap, busheling scrap, iron ore, aluminum, zinc, and coking coal all saw month-over-month (m/m) gains in February. Pig iron prices remained mostly unchanged, however recent reports show that prices have begun to trend higher.
Domestic raw steel output declined last week, after seeing continued swings over the past several weeks, according to the latest American Iron and Steel Institute (AISI) figures.
Nucor's consumer spot price for hot-rolled increased by $10/st w/w on Monday, Oct. 5 to $1,230 per short ton.
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.