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 | 890 | 910 | 930 |
| 2 | CR | 1,040 | 1,070 | 1,100 |
| 5 | GI | 980 | 1,040 | 1,100 |
| 6 | AZ | 1,000 | 1,050 | 1,100 |
| 7 | PL | 980 | 1,020 | 1,060 |
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
AISI Op-Ed: Policy wins that strengthened American steel in 2025
AISI’s Kevin Dempsey looks back at 2025.
Pig iron prices poised for an increase?
The price of pig iron looks to strengthen as producing nations cite rising ferrous scrap values.
Rig count falls in both US and Canada
The US and Canadian rig counts both fell this week, according to the latest Baker Hughes data released on Friday, Dec. 19.
AMU: To hedge or not to hedge
We will examine the wisdom of hedging from the perspective of both the LME and Midwest premium, and whether you are approaching the market as a buyer or a seller.
SMU Community Chat: Tanners talks 2026, TACO, tariffs, and 2025’s market trends
An SMU Community Chat with Timna Tanners.
Promet acquires Heidtman plant in East Chicago
Independent service center Promet Steel Inc. has acquired Heidtman Steel Products’ facility in East Chicago, Ind. Terms of the deal, which closed on Dec. 15, were not disclosed.
SMU Mill Order Index falls in November
SMU’s Mill Order Index (MOI) declined in November after surging the month prior. The fall came as service center intake levels sharply declined, supported by a cut in shipments, according to our latest service center inventories data.
CRU: US sheet price increases open the door to import opportunities
US Midwest sheet prices continued to rise alongside continued mill prices increases as lead times remained extended.
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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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