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 | 1,300 | 1,350 | 1,400 |
| 2 | CR | 1,540 | 1,570 | 1,600 |
| 5 | GI | 1,540 | 1,570 | 1,600 |
| 6 | AZ | 1,550 | 1,575 | 1,600 |
| 7 | PL | 1,440 | 1,495 | 1,550 |
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.
Price Methodology
Learn how SMU determines price indices, with transparency on our data collection, compliance, and calculations.
Latest news
Canadian minister urges probe of Cliffs’ handling of Stelco
Canadian Minister of Industry Melanie Joly has urged that Canada’s Competition Bureau examine Cleveland-Cliffs’ conduct in the Canadian marketplace following its Stelco acquisition. Minister Joly sent a letter to Jeanne Pratt, Commissioner of Competition, on Friday, regarding testimony Cliffs Chairman and CEO Lourenco Goncalves made to the US Congressional Steel Caucus, and a subsequent interview to the CBC. oly said that in the Caucus testimony, “Goncalves stated that his company had acquired Stelco to ‘block’ it from selling into the US market.”
U.S. Steel, USW deadlocked in labor contract talks despite Cliffs deal
The United Steelworkers (USW) accused U.S. Steel of “dragging their feet” in labor contract negotiations on Friday.
The USW said in a text to members that it delivered a proposed labor contract to U.S. Steel on Oct. 30 and that the company asked to meet with union negotiators the following Thursday and Friday.
“When we met (Thursday), they gave us no response on wages or the majority of the outstanding items,” the USW said, adding that U.S. Steel’s lead negotiator unexpectedly left the bargaining table on Friday.
November scrap prices rise as market nears settle
November scrap procurement has commenced in the US with buyers divided on the price increases from the previous month. Several mills reportedly sought a rise of $20 per gross ton (gt) while others saw $30/gt as the number. The $30/gt price tag mainly applies to the obsolete grades, like shredded, P&S and #1 HMS, with prime grades pulling up the rear at $20. SMU spoke to a Chicago-based source who said that market was up $30/gt and 20/gt on shredded and busheling, respectively. He also mentioned the integrated mills in this district are after heavier grades like P&S and railroad grades, like wheels. These grades have been in short supply since last summer. Our source believes they commanded prices up $30/gt while busheling was at plus $20.
Drilling activity ticks up in the US, eases in Canada
The latest tally of active drilling rigs moved marginally higher in the US, up for the first time in five weeks. Activity eased in Canada this week, according to oil and gas rig count data published by Baker Hughes. The US rig count increased to 604 rigs this week, setting an 18-month high watermark. Compared with this time last year, 56 more rigs are in operation today. Canada’s count declined by three to 223 rigs this week, easing for the first time in three weeks. Activity is up from the same week of 2025, with 32 more rigs operating today.
Cliffs, USW reach tentative four-year labor deal
Cleveland-Cliffs and the United Steelworkers (USW) announced on Friday that they had reached a tentative deal for a new, four-year labor pact.
The Cleveland-based steelmaker said the agreement covered approximately 12,000 USW members in Indiana, Ohio, Pennsylvania, Minnesota, and Michigan. The company noted that the deal included workers not only at its steel plants but also its mining operations—in other words, all of its USW labor contracts up for renewal.
“Our USW-represented employees do work that is essential to Cleveland-Cliffs and to our country. These agreements recognize their contributions and give us the stability we need to invest, compete and continue strengthening American steelmaking,” Cliffs Chairman and CEO Lourenco Goncalves said in a statement.
AMU: Aluminum Association urges tariff harmonization with Canada, Mexico
The Aluminum Association is pushing for tariff rates to be aligned in Canada, the US and Mexico.
Nucor temporarily halts secondary offers, sending shock waves through a tight market
Nucor opened its secondary and excess product bid list across all its flat-rolled mills on Monday, as it typically does, market participants told SMU.
But by Wednesday, when bidding was scheduled to close, Nucor notified buyers it would not be awarding any bids this week. The abrupt close sent a shock through the secondary market, they said.
“Nucor pulled their excess and secondary lists this week and is not selling anything,” a Midwest buyer said.
SMU scrap market survey results now available
SMU’s November ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “survey results” section for Ferrous Scrap Survey results. Past scrap survey results are also available under that selection. If you need help accessing the survey results or if your company would like to have your voice heard in our future surveys, contact smu@crugroup.com.
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