
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
Latest news
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

Wittbecker on Aluminum: Canada’s options to combat US tariffs
The problem is that the situation in Washington is so fluid that no one really knows what to expect

Headwinds haunt ferrous scrap market
The ferrous scrap market in the US and Canada is trying to find its way through difficulties that could well determine its direction over the next several months.

Steel groups from Canada, Mexico, Europe call for tariff retaliation
While American steelmakers welcome the revival of the Section 232 tariffs on steel and aluminum imports, other nations’ steel industries are calling for retaliation against President Trump’s unilateral action of upping the levies on trading allies and removing all product exemptions.

Steel market chatter this week
Earlier this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to imports and evolving market events.

Community Chat on Feb. 19: CRU’s Josh Spoores to talk tariffs, prices, and the outlook for ’25
Josh Spoores, principal analyst at CRU, will be the featured speaker on the next SMU Community Chat webinar on Wednesday, Feb. 19, at 11 a.m. ET.
The live webinar is free. A recording will be available for free to SMU members. You can register here.

HRC vs. prime scrap spread increases in February
The price spread between hot-rolled coil (HRC) and prime scrap widened in February ahead of the implementation of President Trump’s tariffs on steel.

Dodge Momentum Index jumps to record high in January
The Dodge Momentum Index (DMI) rose to a record high in January, according to the latest data released by Dodge Construction Network.

CRU: US steel prices to jump on new Trump tariffs
US steel prices set to jump after President Trump levies new tariffs.

Final Thoughts
A lot of the changes basically entail rolling back what I’ll call, for fun, Section 232 Lite. S232 Lite resulted from watering down what I’ll call OG S232 – the one first imposed in March 2018 – with exemptions and exclusions over the years. Now, OG Section 232, is back with its across-the-board 25% tariffs against everyone.

SMU price ranges: Sheet and plate see widespread gains on higher scrap and trade measures
Each of the steel product prices tracked by SMU saw significant increases this week. All four of our sheet price indices rose by $30-50 per short ton (st) on average. Plate prices popped $60/st compared to the week prior.

American steelmakers warmly welcome Trump steel tariffs
AISI and SMA praise Trump tariffs.

Ferrous scrap tags soar in February on tight supply
The February scrap market has settled higher on all grades SMU covers.
Featured
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 | 720 | 760 | 800 |
2 | CR | 900 | 950 | 1,000 |
5 | GI | 890 | 925 | 960 |
6 | AZ | 900 | 935 | 970 |
7 | PL | 920 | 970 | 1,020 |
Flat-Rolled Steel Prices

Steel Pricing Momentum
Flat Rolled Lead Times
Steel Buyers’ Sentiment
Mill Spot Price Negotiations


