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
AISI: Raw steel production stable last week
Raw steel mill production remains at one of the higher rates recorded so far this year.
Government seeks extension in USS-Nippon lawsuit as talks continue
The government said it hopes to reach an agreement with the two companies outside of the courts, according to a filing last week.
Most steelmaking raw material costs rise further in March
Prices for five of the seven steelmaking raw materials tracked by SMU increased from February to March, according to our latest analysis.
February service center shipments and inventories report
Flat rolled = 58.6 shipping days of supply Plate = 49 shipping days of supply Flat rolled With the rapid run up in prices, US service centers saw a significant pickup in orders that caused flat-rolled steel supply to decline in February. At the end of February, service centers carried 58.6 shipping days of flat-rolled […]
Trump says no exemptions on steel, aluminum tariffs: Report
President Trump said he has no plans to create exemptions on the recently enacted steel and aluminum tariffs, according to media reports.
Zekelman Industries alters leadership structure
Zekelman Industries has made changes to its leadership structure.
Nucor raises HRC list price to $930/ton
This marks the eighth week of increases
Final Thoughts
Is a fissure opening up between manufacturers and the mills on President Trump’s tariffs?
Leibowitz: Trade — bedrock economic relationships are circling the drain
Which is more important: producers or consumers? New (and arbitrary) steel and aluminum tariffs took effect last Wednesday. Based on the Section 232 trade restrictions initially imposed in 2018 – and kept by the Biden administration – they abrogate agreements between the US and Canada, Mexico, the UK, the EU, Argentina, Brazil, and Australia. They […]
US rig count holds steady, Canada faces seasonal decline
US rig counts continue to hover slightly above multi-year lows, while Canadian activity is entering a seasonal decline after recently reaching a seven-year high.
Section 232 curbs US CRC price gains over imports
Fully restored Section 232 tariffs on steel on March 12 cut the widening premium US prices had over most imports on a landed basis.
SMU Community Chat: Alan Price unpacks latest in rapidly shifting tariff terrain
International trade attorney Alan Price sat down with SMU to unpack the latest developments in Trump’s tariff merry-go-round.
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 | 1,115 | 1,180 |
| 5 | GI | 1,050 | 1,100 | 1,150 |
| 6 | AZ | 1,070 | 1,110 | 1,150 |
| 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
