Contributor: David Schollaert

While August might seem like a long way off, we’re putting the final touches on the agenda for steel’s can’t-miss gathering of the year.

SMU’s April ferrous scrap market survey results are now available on our website to all premium members.

SMU’s Mill Order Index (MOI) recovered in March, gaining some momentum after a marginal decline in February.

Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,070 per short ton (st), a $5/st increase from last week.

Oregon Steel Mills (OSM) is attempting to push spot plate prices up by a minimum of $60 per short ton (st).

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues even as stateside and import prices diverged a bit vs. the prior week.

SMU’s latest steel buyers market survey results are now available on our website to all premium members.

Last week, Steel Market Update and CRU hosted our inaugural VIP Briefing in Chicago ahead of the Scouting America Metals Industry Dinner.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,065 per short ton (st), a $10/st increase from last week.

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week. The dynamic continues as both stateside and offshore prices have largely trended higher.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,055 per short ton (st), a $10/st bump from last week.

After another historic turnout in 2025, and on the heels of our best Tampa Steel Conference in February, the buzz around SMU’s Steel Summit 2026 is picking up.

MU’s latest steel buyers market survey results are now available on our website to all premium members.

US service centers’ flat-rolled steel supply declined for a third straight month in March, with shipping days of supply slipping to 49.3 on an adjusted basis, according to SMU data.

Heating and cooling equipment shipments recovered in February, surging 17% from January, according to the latest data released by AHRI.

SMU’s March ferrous scrap market survey results are now available on our website to all premium members.

Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil to $1,045 per short ton (st), a $5/st bump from last week.

Sheet and plate prices continued to hold steady or tick upward once again this week. And the factors behind the gains are familiar ones: limited spot tonnage, stable demand, limited import competition, and outages (planned or otherwise) at domestic mills.

The price gap between US hot-rolled coil (HR) and landed offshore product tightened this week.

SMU’s latest steel buyers market survey results are now available on our website to all premium members.

The Chicago Business Barometer eased in March, after growing repeatedly from December to February, according to MNI and ISM.

CR imports from Germany, Italy, and Japan on a landed basis remain much more expensive than domestic product. But South Korean imports remain competitive, in theory, even with the 50% Section 232 tariff.

We just wrapped up another Steel 101 workshop. But this time, we had the privilege to take the most hands-on industry workshop on steelmaking and market fundamentals abroad.

The price gap between US hot-rolled coil (HR) and landed offshore product remained within a tight band this week. The dynamic continues as both stateside and offshore prices have trended higher.

North American auto assemblies gained ground in February, up more than 8% vs. January, but still down more than 4% year on year (y/y), according to GlobalData.

SMU’s Mill Order Index (MOI) eased in February. The result came as a marginal increase in service center intake levels was offset by higher shipments, according to our latest service center inventories data.

Global raw steel production declined 3.7% from January to an estimated 141.8 million metric tons (mt) in February, according worldsteel data. Output was one of the lowest totals over the past three years.

Construction spending edged down slightly in January, slipping for the first time in three months.

Nucor raised its consumer spot price (CSP) for hot-rolled (HR) coil to $1,025 per short ton (st), up $10/st from last week.

US service centers’ flat-rolled steel supply declined for a second consecutive month in February, with shipping days of supply slipping to 52.2 on an adjusted basis, according to SMU data.