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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
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.
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Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
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Latest news
Cliffs working on a transforming solution for Weirton mill
Cleveland-Cliffs is working on a solution for its recently idled mill in Weirton, W.Va., that will address pent-up demand for transformers, increase the need for its electrical steel, and get its workforce back to work.
SMU Community Chat: May 1 with Hybar CEO David Stickler
Hybar CEO David Stickler will be the featured speaker on the next SMU Community Chat webinar on Wednesday, May 1, at 11 a.m. ET.
The live webinar is free. A recording will be available to SMU members. You can register here.
Final thoughts
We’ve used the word “unprecedented” a lot over the last four years to describe steel price volatility. Over the last two months – despite earlier predictions of a price surge – we’ve seen unprecedented stability.
Cliffs being selective with auto clients on strength in sector
With strength in the sector and customers needing the product it produces, Cleveland-Cliffs’ chief executive says the company will be more selective with the automotive customers it chooses to serve.
SDI Q1 earnings slip on order volatility, low scrap tags
Steel Dynamics Inc.’s (SDI’s) earnings fell in the first quarter of 2024 as the company cited steel order volatility early in the quarter and lower scrap prices.
SMU price ranges: Sheet and plate mixed, HRC down $20/t
Sheet prices were again mixed this week – all seemed to highlight the momentum shift seen over the past two weeks.
Nucor seeks to tame volatility with weekly HR spot price: execs
Nucor executives explained their recently introduced hot-rolled (HR) coil consumer spot price (CSP) is a way to serve their customers and deal with market volatility.
Galvanized buyers report stable demand in quiet market
Galvanized buyers reported steady demand and ample supply this week as pricing momentum has shifted, potentially pointing down. Service centers, distributors, and manufacturers who are members of the Heating, Air-Conditioning & Refrigeration Distributors International (HARDI) association met virtually on Tuesday, April 23, for the monthly meeting of HARDI’s Sheet Metal/Air Handling Council. Sentiment was noticeably […]
Global steel production increases in March
Global steel output jumped 8.3% in March, according to World Steel Association’s (worldsteel’s) latest release. Production is now at the highest level seen in 10 months, rebounding from a near six-year low observed just three months prior.
Goncalves, Granholm tout domestic steelmaking at Cliffs’ Butler Works
Cleveland-Cliffs’ chief Lourenco Goncalves and US Secretary of Energy Jennifer Granholm stressed the importance of the US steel industry and domestic manufacturing at Cliffs’ Butler Works in Pennsylvania on Monday.
Lapham-Hickey buys Crystal Steel
Lapham-Hickey Steel has acquired the operating assets of Crystal Steel Corporation of Middleton, Mass., for an undisclosed sum.
Nucor posts lower Q1 profits, predicts dip in Q2 too
Nucor’s earnings slipped in the first quarter of this year, but the company said it launched key growth initiatives during this time period.
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 | 785 | 815 | 845 |
2 | CR | 1,100 | 1,130 | 1,160 |
5 | GI | 1,100 | 1,130 | 1,160 |
6 | AZ | 1,080 | 1,110 | 1,140 |
7 | PL | 1,160 | 1,225 | 1,290 |