Category: Prices

Prices for pig iron imports into the US continue to retreat in the face of regional weakness in demand for ferrous raw materials in South Asia and the Far East.

While steel news may be starting 2025 off with a bang, Nucor’s consumer spot price (CSP) for hot-rolled coil is not.

Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down.

In the last article written for SMU, we looked at the rallies that followed both the 2016 and 2022 presidential elections, as well as the moves in the NFIB Small Business Optimism Index.

The price premium between stateside hot band and landed imports widened slightly this week.

We have seen very little change in sheet and plate prices across the past month.

The prices being paid by US-based buyers has continued to decline as ferrous raw material demand across the globe remains weak.

The steelmaker has kept its weekly consumer spot price for hot-rolled steel sheet unchanged since Nov. 12.

Cleveland-Cliffs plans to increase prices for hot-rolled (HR) coil to $800 per short ton (st). Cliffs said the increase announcement coincides with the opening of its February order book for both contract and spot tons of HR.

The price spread between hot-rolled coil (HRC) and prime scrap narrowed slightly in December, according to SMU’s most recent pricing data.

Steel prices have remained relatively stable in recent weeks, though they have generally trended downward since October.

Import arbitrations expressed via futures may become enticing as coil price spreads expand. The spread market in CME US hot-rolled coil (HRC) is currently navigating a period of volatility, with prices fluctuating post-election, leaving traders uncertain about the market's direction.

Nucor’s weekly spot price for hot-rolled (HR) coil will remain at $750 per short ton (st) for a fifth week.

Hot-rolled (HR) coil prices ticked back up in the US this week, while tags in offshore markets moved in varying directions. Thus, the price premium between stateside hot band and imports on a landed basis widened slightly. After leveling with import prices in late August, stateside tags have been mostly stable and ahead of imports […]

Steel sheet prices remain at or near multi-month lows, while plate prices continue edging lower from their mid-2022 peak.

Cleveland-Cliffs has officially had spot HRC prices at $750/st since mid-September.

For the fourth week in a row, Nucor will keep its published spot price for hot-rolled (HR) coil unchanged.

SMU's price indices saw minor fluctuations on sheet products this week, while our plate and Galvalume indices held steady.

On Monday, Nucor published new extras effective Jan, 4, 2025.

The slowdown in North American zinc demand in recent months has played out across all sectors, and CRU now expects it to contract by 3.7% y/y.

Prices were stable to down in November for all seven steelmaking raw materials tracked by SMU, according to our latest analysis.

After experiencing a rally ahead of the 2024 election, the nearby part of CME HRC futures complex has softened as we approach year-end. Meanwhile, the forward positions (second half of 2025) have remained supported and largely unchanged.

US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged.

SMU’s flat-rolled steel prices were mixed this week with slight declines across most products and a modest increase in prices for cold-rolled coil.

The price spread between US-produced cold-rolled (CR) coil and offshore products slipped in the week ended Nov. 15, on a landed basis.

The price spread between hot-rolled coil (HRC) and prime scrap remained the same in November as both tags were at the levels seen a month earlier, according to SMU’s most recent pricing data.

This CRU analysis from discusses steel sheet prices, demand, and inventory levels around the globe this past week.

No more excuses! The election is over. Donald Trump will be inaugurated on Monday January 20 with the Republican party in control of Congress. Now, it is time to get back to work!

Wolfe Research's Managing Director Timna Tanners discusses the 'Trumplications' for steel in the coming year in this week's SMU Community Chat.

Ferrous scrap prices were largely rangebound to down at the November settle, market sources told SMU.