Steel 101
Learn how steel is made from raw materials to finished products in an immersive, instructor-led course. The program includes a tour of an active steel mill and welcomes both newcomers and experienced industry professionals.
Steel 101: Introduction to Steelmaking and Market Fundamentals
Learn the steel industry from the ground up. Our experts guide you through steelmaking, hot and cold rolling, as well as coating. You’ll also learn about key end markets, pricing, and a whole lot more. Each 101 includes a mill tour, which makes what you’ve learned in the classroom come alive. Perfect for newcomers or experienced professionals seeking to learn more
Introduction to Steel Hedging: Managing Price Risk
Learn how to manage price risk in the flat-rolled steel market. This hands-on workshop covers hedging basics, market structure, and risk management. You’ll come away with practical tools to protect margins, inventories, and the ability to offer long-term pricing to customers
Custom steel training for your team
Steel Market Update offers private, on-demand training tailored to your business needs. We have experts in everything from steel production and metallurgy to pricing and purchasing strategies as well as futures and risk management
Hedging 101
Learn how companies use hedging to manage price risk, protect margins and inventories, and offer long-term pricing to customers. This immersive workshop equips you with hedging basics, key terminology, and market structure.
Custom Training
Steel Market Update offers private training on request, fitted to your business. Learn how we can help your company with tailored content, expert instructors, and practical takeaways.
Latest news
SMU Community Chat: Unpacking the legal considerations of IEEPA tariffs and the Supreme Court
Wiley Law trade attorneys, Alan Price and Robert DeFrancesco, offered legal expertise to steel and aluminum market participants on Thursday’s SMU Community Chat.
US rig count ticks higher, Canada falls
The latest Baker Hughes rig count report showed oil and gas drilling improved in the US this past week, while Canada saw its rig count decline.
CRU outlook: Divergent regional sheet price trends will persist in the near term
Global sheet markets face divergent trajectories into year-end, with Asian (excl. India) markets under pressure from oversupply. This, while Western markets experience temporary support from supply constraints.
AMU: Negotiations heat up in US VAP market: Billet, PFA and wire rod premiums diverge
Contract talks for U.S. value-added aluminum products are reaching a critical stage, with billet, primary foundry alloys, and wire rod upcharges diverging as buyers and producers race to finalized 2026 pricing.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers 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 “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Current Sentiment falls, Future Sentiment ticks up
SMU’s Current Steel Buyers’ Sentiment Index slipped this week while Future Sentiment inched up, according to our most recent survey data.
Final Thoughts
Scrap keeps on trucking, shutdown or not.
Low demand amid mill price hikes confounds sheet market participants
US sheet market participants say demand for hot- and cold-rolled coils has not increased, leaving them confused by mill price increases and average lead times.
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