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Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
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Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
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Latest news

Ryerson, Zekelman, and Olympic become AISI members
“The collaboration with these three companies will enhance AISI’s already significant engagement with members of Congress and the administration,” the group’s CEO said.

Great Lakes iron ore trade tumbles in January
Iron ore shipments on the Great Lakes saw a sharp decline in January 2025, according to the Lake Carriers’ Association (LCA).

Manufacturers brace for higher costs with tariffs in play
Automakers, construction, manufacturers raise concerns

Unions in the US and Canada decry Trump tariffs on Canadian steel
Unions members on both sides of the US-Canada border are speaking out against President Trump’s tariffs on Canadian steel. They say the tariffs threaten to disrupt supply chains and subvert decades of economic cooperation.
The United Steelworkers (USW) has more than 850,000 total members in North America, with 225,000 in Canada.

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.
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


