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 | 1,120 | 1,160 | 1,200 |
| 2 | CR | 1,320 | 1,360 | 1,400 |
| 5 | GI | 1,300 | 1,350 | 1,400 |
| 6 | AZ | 1,320 | 1,360 | 1,400 |
| 7 | PL | 1,310 | 1,335 | 1,360 |
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.
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 Methodology
Learn how SMU determines price indices, with transparency on our data collection, compliance, and calculations.
Latest news
Price: A busy summer on trade issues continues
Notably, pig iron is not excluded from the proposed Brazil measures. This would represent a change from the Brazil EEPA tariffs, which excluded pig iron.
USS: No customer impact expected from death at Granite City Works
A worker died on Saturday morning at U.S. Steel’s Granite City Works near St. Louis, the company and the United Steelworkers (USW) union said.
SMU Steel Summit 2026: What are you waiting for?
The 16th annual SMU Steel Summit is bringing together the industry’s top voices to examine the trends shaping the market ahead.
Sheet market expects broad price stability and ‘hot’ HR demand
Some domestic hot-rolled (HR) coil market participants say they expect prices remain stable through the end of 2026. Asked why prices would hold and not slip, sources said they anticipate mills won’t suddenly have much more capacity for spot orders. They also noted that the annual summer doldrums haven’t sent demand into a precipitous decline. They contend that most in the steel industry expected […]
Plate sources mixed on whether market will accept mill hikes
On the heels of SSAB’s price hike, further domestic mill increases to spot market plate seem inevitable to some participants but unlikely to others.
Rig count reaches 14-month high in US, falls again in Canada
The latest data from Baker Hughes show that oil and gas drilling in the US was steady last week, while it tapered off further in Canada.
Heating and cooling equipment shipments recovered in May
Total shipments of heating and cooling equipment improved 3% from April to May, according to recently released figures from AHRI.
Mexico urges US steel, auto tariffs be removed: Report
The Mexican government is pushing to have steel and auto tariffs removed in its next round of USMCA negotiations with the US, according to a report in El Pais.
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