Steel Prices
SMU annual price review
Written by Michael Cowden
May 6, 2025
We’re conducting our annual price review and want to hear from you!
Please take a moment to complete our short survey and share your views on how our prices, methodologies, and definitions can better support your work.
Your feedback plays a key role in how we continue to serve you and the wider steel market.
Share your views by May 26, 2025.
Take our survey
If you have any questions, please reach out to us at info@steelmarketupdate.com.
Michael Cowden
Read more from Michael CowdenLatest in Steel Prices
HR Futures: Rangebound amid muted summer trade
Since the last writing of this article, CME hot-rolled coil (HRC) futures have been largely steady and lifeless, though there’s been some brief bouts of intraday volatility.
SMU Price Ranges: Sheet and plate move ‘soft sideways’ to start August
Sheet and plate prices were either flat or modestly lower this week on softer demand and increasing domestic capacity.
Plate prices slip even as mills officially keep tags unchanged
US plate market participants are not fazed by the constricted nature of the current spot market pricing environment. Right now, they said, mill’s choosing to hold prices from one month to the next makes sense because service centers remain amply supplied and demand is stable. Modest upticks or slips in prices are aligned with most of the participants' expectations right now.
Nucor Plate Group maintains prices for 6th consecutive month
Nucor Plate Group has informed customers that August spot prices will remain flat.
Nucor lowers HRC list price to $890/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was adjusted $10 per short ton (st) lower this week after holding steady last week.