Interactive Pricing Tool – Steel and Scrap Prices
View current SMU market prices for hot rolled, cold rolled, galvanized, Galvalume, plate, and various scrap products.
Explore our steel prices
Each week, we gather insights from steel buyers nationwide and use our proprietary survey to provide members with high, low, and average spot market prices for hot-rolled, cold-rolled, galvanized, Galvalume, and plate steel. Stay informed with the latest market pricing trends
Steel scrap prices
Access the latest ferrous scrap prices. We track prices for busheling, heavy melt, and shredded scrap. See high, low, and average prices to stay up to speed with market trends
IOSCO-compliant prices
An independent auditor has found that all of SMU’s sheet, plate, and scrap prices adhere to International Organization of Securities Commissions (IOSCO) principles. The result: Pricing you can trust to make confident decisions
Flat Rolled Steel Prices
SMU price ranges and indices for hot rolled, cold rolled, galvanized, Galvalume, and plate steel.
| wdt_ID | Product | Low | Avg | High |
|---|---|---|---|---|
| 1 | HR | 900 | 930 | 960 |
| 2 | CR | 1,060 | 1,090 | 1,120 |
| 5 | GI | 1,020 | 1,060 | 1,100 |
| 6 | AZ | 1,050 | 1,075 | 1,100 |
| 7 | PL | 990 | 1,035 | 1,080 |
Raw Material Prices
Monitor iron ore, coking coal, pig iron, scrap, zinc, and aluminum costs with insights and summary tables.
Hot Rolled Futures
HRC futures allow market participants to hedge future steel prices and reduce exposure to spot price volatility.
Busheling Scrap Futures
Busheling scrap futures enable hedging and margin management, stabilizing costs amid spot volatility.
Price Estimator
Calculate the theoretical prime price for any specific gauge, width, quality and coating weight steel product.
Steel Pricing Momentum
Track short-term steel pricing trends with directional arrows showing expected flat-rolled and plate movements.
Price Methodology
Learn how SMU determines price indices, with transparency on our data collection, compliance, and calculations.
Latest news
Final Thoughts
We are quickly approaching the one-month countdown to the 2026 Tampa Steel Conference. Let’s look at Tampa 2025 to see what people were saying and how it applies to this year.
SMU price ranges: Sheet and plate prices continue to rise into 2026
Steel sheet and plate prices rose across the board to start the year on limited spot availability at some mills, expectations of higher scrap prices, and hopes of stronger demand in 2026.
Judge sends U.S. Steel v. Algoma pellet contract spat to arbitration
A federal judge in Pittsburgh has ordered U.S. Steel and Algoma Steel to resolve their iron ore pellet contract dispute through arbitration. The decision comes after USS sued the Canadian steelmaker for refusing a shipment of iron ore pellets from U.S. Steel’s Minnesota operations in September.
Kloeckner Metals offers new capabilities as Iowa operations commence
Kloeckner Metals Corp. announced that beginning Jan. 1, 2026, the former Bauer Built Manufacturing site in Paton, Iowa, would lead all its commercial, manufacturing, and other operational activities.
USS buys USS-UPI property in California for $275M: Report
U.S. Steel has bought the Pittsburg, Calif., property where the former USS-POSCO mill was located for $275 million, according to a report in the San Jose Mercury News.
AISI: Weekly raw steel mill output ticks up
Domestic raw steel production inched higher last week but remains low compared to recent months, according to the latest data released by the American Iron and Steel Institute (AISI)
Chicago Business Barometer rebounds in December
The Chicago Business Barometer increased in December after hitting an 18-month low in November, according to Market News International (MNI) and the Institute for Supply Management (ISM)
ISM: December marks 10th month of contraction for manufacturing
The Institute for Supply Management’s (ISM) latest report finds that December 2025’s market conditions in the manufacturing sector continued to soften.
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Aluminum Market Update
AMU brings expert perspectives, proprietary data, and news analysis to businesses across the aluminum and nonferrous scrap markets
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