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 | 950 | 965 | 980 |
| 2 | CR | 1,080 | 1,110 | 1,140 |
| 5 | GI | 1,040 | 1,075 | 1,110 |
| 6 | AZ | 1,060 | 1,100 | 1,140 |
| 7 | PL | 1,030 | 1,055 | 1,080 |
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
Plate market participants anticipate producer hikes
Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.
Dodge: Nonres slips in January, data centers remain a bright spot
The Dodge Momentum Index (DMI) fell 6.2% in January to 272.7, retreating from December’s downwardly revised reading of 291.0, according to the latest data released by Dodge Construction Network.
Great lakes iron ore shipments drop in 2025
US-flagged iron ore shipments on the Great Lakes fell last year vs. 2024.
Baker Hughes: US, Canada gas drilling up, oil down from last year
Baker Hughes’ latest rig count report shows oil and gas drilling picked up in the US this week, but slowed in Canada. Oil drilling in both countries is down from last year, while gas drilling has picked up, mainly in the US.
SMU Scrap Survey: Current Sentiment rises, Future Sentiment stable
SMU’s Current Sentiment Index for scrap jumped again in February, according to the latest data from our ferrous scrap survey. And the Future Sentiment Index remained the same for the third consecutive month.
Century’s Hawesville smelter sale in the context of US primary aluminum
Former smelter sites have become increasingly attractive to data center developers competing for electricity to support AI.
SMU Steel Survey: Buyers’ Sentiment Indices slip but still indicate optimism
SMU’s Steel Buyers’ Sentiment Indices both edged lower this week following the multi-month highs set in mid-January.
GrafTech’s results underscore pricing pain despite strong US volume gains
GrafTech International closed 2025 with firmer sales volumes and significant cost reductions. But the graphite electrode producer remained deep in the red as global oversupply and aggressive competitor pricing continued to pressure realized prices.
The SMU Community
Connect with our unique, collaborative network of industry experts to forge new connections and drive your business forward
Smarter steel decisions start here
Get ahead of the curve with our actionable insights, in‑depth news, and exclusive market data. Choose from a range of subscription options and group sizes to find what fits your business best
Aluminum Market Update
AMU brings expert perspectives, proprietary data, and news analysis to businesses across the aluminum and nonferrous scrap markets
Connect your brand to our Community
Discover how SMU can help you promote your products, services, or company. Consider advertising in our publications or sponsoring and exhibiting at our events and webinars