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: Oil, Mideast tensions fail to move steel
After a hot start to June, the CME ferrous derivatives complex has cooled down.

Hot rolled vs. galvanized price gap tightens further
As of June 24, the premium galvanized coil carries over hot-rolled coil is just $5 per short ton (st) above the lowest level recorded in almost two years.

SMU price ranges: Sheet slips despite tariff and Middle East shocks
Prices for steel sheet slipped this week despite Section 232 tariffs remaining at 50% and a US strike on nuclear facilities in Iran over the weekend.

Brazilian pig iron sellers OK lower prices
The resistance Brazilian pig iron sellers had shown to accepting lower prices has proved short-lived, sources told SMU.

Nucor CSP remains level at $900/ton
Nucor maintained its weekly list price for hot-rolled (HR) coil this week, following two consecutive increases.