Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market
Our proprietary Interactive Pricing Tool provides our premium members with current real-time market pricing for flat rolled steel and scrap products. The customizable graph enables you to compare multiple products and compare pricing to proprietary SMU data.
The SMU Price Estimator uses prime price indexes plus domestic mill extras to calculate the “average” prime price for any specific coating for hot rolled, cold rolled, galvanized and Galvalume and plate steels.
Hot Rolled Coil (HRC) Steel Futures are used as a hedging tool for producers and users of steel, and provide an index-based price discovery mechanism.
| wdt_ID | Product | Low | Avg | High |
|---|---|---|---|---|
| 1 | HR | 785 | 815 | 845 |
| 2 | CR | 1,100 | 1,130 | 1,160 |
| 5 | GI | 1,100 | 1,130 | 1,160 |
| 6 | AZ | 1,080 | 1,110 | 1,140 |
| 7 | PL | 1,160 | 1,225 | 1,290 |
Each week we consult with our steel buying sources across the country and use SMU’s proprietary steel market survey to provide our members with the range of prices available for that week.
