US hot band prices increase, import gap varies little
SMU’s average price for domestic hot rolled (HR) rose to $1,195 per short ton (st) week on week (w/w). In offshore markets, prices saw a more controlled rise.
Contributor: David Schollaert
David Schollaert
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SMU Steel Demand Index pace of growth slows
SMU’s Steel Demand Index saw a negligible decline in growth, slightly behind early August, but remaining in elevated territory, according to mid-to-late August indicators.
SMU's Mill Order Index rose again in July
SMU’s Mill Order Index (MOI) grew further in July, up for a third straight month. The result came as service center on-order volumes and new order entries accelerated, according to our latest service center inventories data.
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The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
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July service center shipments and inventories report
Premium Report: US service centers’ flat-rolled steel supply rose marginally in July, reversing course for the first time all year. Shipping days of supply ticked up to 45.6, according to SMU data. Service center shipments in were more than 4% below intake, noticeably trailing inbound volumes.
US hot band prices hold, import gap eases marginally
SMU’s average price for domestic hot rolled was unchanged week on week at $1,180 per short ton. In offshore markets, prices mainly moved up.
US plate market tightens further, mills restrict tons
The domestic plate market is increasingly constrained as lead times spill well into Q4 and mills talk allocation. Speaking with buyers across the US, from the Midwest and East Coast to the South and West, there’s a shared theme: What spot tons?!
Nucor adjusts coating extras higher
Nucor announced on Monday, Aug. 10, revised galvanized and galvannealed coating extras higher by an average of 11%.
Dodge Momentum Index increased in July
The Dodge Momentum Index (DMI) rose in July, up from an upwardly revised June reading.
Nucor increases spot HR price by $5/ton
Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.
SMU Scrap Survey: Current and Future Sentiment accelerate
SMU’s Current Sentiment Index for scrap jumped in August as Future Sentiment saw a sharp rebound, according to the latest data from our ferrous scrap survey.
SMU flat-rolled market survey results now available
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
SMU scrap market survey results now available
SMU’s August ferrous scrap market survey results are now available on our website to all premium members.
US hot band prices rise as import gap holds
SMU’s average price for domestic HR rose to $1,180 per short ton (st) this week, $15/st higher vs. the prior week. In offshore markets last week, prices mainly moved up.
SPS acquires Jemison Metals
SPS Companies has acquired Jemison Metals, a carbon flat-roll service center and fabricator headquartered in Birmingham, Ala., from Jemison Investment Company.
SMU Price Ranges: Tags move up as spot tons dry up
Sheet and plate prices continue to rise on extremely limited spot availability, long lead times, and solid demand, according to market participants.
SDI taps Wagler as president and CEO, Millett to retire
SDI has promoted Theresa Wagler, presently EVP and CFO, to president and CEO, effective Jan. 1, 2027. Mark Millett will retire and transition to executive chairman of the board.
Nucor ups spot HR price by $10/ton, again
Nucor increased its consumer spot price for hot-rolled coil to $1,155 per short ton for the week of Aug. 3, up $10/st from last week.
SMU Steel Summit 2026: It’s heating up!
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Chicago Business Barometer still rising in July
The Chicago Business Barometer increased in July, maintaining an expansionary trend for a third straight month.
US HR prices remain firm, imports slip
The decisive factor remains the 50% Section 232 tariffs. Still, imports from Europe remain largely near parity with domestic material, while Southeast Asian products are at a considerable discount.
PMA: Metalformers expect steady market conditions despite dogged headwinds
PMA found the metalforming sector remains broadly stable but is becoming more cautious in its July Business Conditions Report.
Nucor increases spot HR price by $10/ton
Nucor said its hot-rolled coil consumer spot price will be $1,145 per short ton for the week of July 27, up $10/st.
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SMU Steel Demand Index grows at a slower pace
SMU’s Steel Demand Index saw a slight decline in growth, slightly behind early July, but remaining in elevated territory, according to mid-to-late July indicators.
SMU flat-rolled market survey results now available
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
SMU's Mill Order Index expands in June
SMU’s Mill Order Index 2continued to expand in June. The result came as service center on-order volumes and new order entries continue to rise, according to our latest service center inventories data.
Atlas Tube increases prices by $60/ton, again
Atlas Tube announced price increases for mechanical, HSS, and piling products.
Nucor holds spot HR price at $1,135/ton
Nucor said its consumer spot price for hot-rolled coil will be $1,135 per short ton for the week of July 20.