Where the steel community comes together
Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
What we do
Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
Trends and Analysis
Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
Events and Training
We are proud to be an industry leader with our nationally recognized trainings and events, like the Steel Summit Conference and Tampa Steel Conference. We offer in-person and virtual workshops in our Steel Industry Training Program across the country facilitated by industry experts.
Advertising
Maximize your reach to your target market through an advertising partnership with Steel Market Update. Advertising with Steel Market Update ensures optimal visibility, allowing you to effectively convey your unique message to companies involved in flat rolled steel products and markets.
Latest news
Ferrous scrap market outlook hazy for April
The US scrap market is in for another unpredictable ride going into April. Questionable scrap flows, extended winter weather, and implications of tariffs on steel and scrap continue to have an impact.
European Commission makes public steel action plan
The European Commission unveiled A European Steel and Metals Action Plan aimed at safeguarding the European Union’s steel and base metals production.
US HR and offshore prices hold steady
Domestic hot-rolled (HR) coil prices were flat this week, a trend mirrored in offshore markets.
March energy market update
In this Premium analysis we explore North American oil and natural gas prices, drilling activity, and crude oil stock levels.
Architecture billings continued to slide in February
Architecture firms said billings continued to weaken in February, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek. The February ABI dropped slightly to 45.5, off from 45.6 in January, indicating that a majority of firms are still experiencing declining firm billings. It’s the first time […]
North American auto assemblies improve in February
After slumping in December to the lowest total since July 2021, February assemblies further expanded on January’s growth.
US light-vehicle sales improve in February
US light-vehicle (LV) sales increased to an unadjusted 1.22 million units in February, a 9.9% gain over January but 0.7% behind year-ago totals, according to US Bureau of Economic Analysis data.
Final Thoughts
Do recent actions by the EPA on deregulation signal a new course for the agency, and how could it affect steel?
SMU price ranges: HRC and plate steady as tandem products edge higher
Steel prices were stable to higher this week for the second consecutive week across the sheet and plate products tracked by SMU. Three of our price indices increased from the previous week, while two held firm.
HRC vs. scrap spread widens over $150/ton in March
The HRC vs. prime scrap spread increased again in March.
SDI anticipates improved Q1 profits on better shipments
SDI expects energy, non-residential construction, and automotive to continue to drive demand.
Galvanized buyers see strong demand, but uncertainty lingers
Demand is up, but tariffs raise concerns
Featured
Steel 101 Workshop
Our instructors will present the structure of the steel industry and the steelmaking process. We’ll start with raw materials and continue downstream to hot rolling, cold rolling, and coating. Whether you are new to the industry or are experienced and changing roles, our experts will help you gain the knowledge to succeed!
SMU Steel Summit
The SMU Steel Summit has gone from strength to strength over the last few years, growing from 434 attendees in 2016 to nearly 1500 in 2023. Representing more than 500 companies from the North American Steel Market, this is the event to learn what the future holds and to network and do business. Mark your calendars for Aug. 26-28, 2024.
Survey Results
Discover valuable insights into steel prices with SMU’s market survey. Our timely analysis of lead times, mill negotiations, inventory trends, and market sentiment empowers informed decision-making in a dynamic industry. Stay ahead of the curve and maximize your opportunities.
Community
Join us for our Community Chat Webinars! Every other Wednesday, we give our community the opportunity to hear from experts discussing topics important to the steel community we serve.
Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
| wdt_ID | Product | Low | Avg | High |
|---|---|---|---|---|
| 1 | HR | 900 | 950 | 1,000 |
| 2 | CR | 1,050 | 1,125 | 1,200 |
| 5 | GI | 1,080 | 1,140 | 1,200 |
| 6 | AZ | 1,100 | 1,150 | 1,200 |
| 7 | PL | 1,120 | 1,190 | 1,260 |
Flat-Rolled Steel Prices
Steel Pricing Momentum
Flat Rolled Lead Times
Steel Buyers’ Sentiment
Mill Spot Price Negotiations
