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Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
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Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
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Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
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Latest news

Doubled S232 drives EU HR price over US, Asian HR still behind
Domestic hot-rolled coil prices edged up marginally this week, while offshore prices ticked down.

US rebar producers seek import relief with new trade case
The four countries targeted for duties are currently the top offshore suppliers of rebar to the US market: Algeria, Bulgaria, Egypt, and Vietnam.

SMU Steel Summit 2025: Keeping you a step ahead
With the pace that news has been breaking lately, there will be no shortage of things to discuss.

Drilling activity slows further in US, grows in Canada
Oil and gas drilling activity was mixed this week, according to Baker Hughes. US totals slipped for a sixth straight week, while Canada saw a slight bump in activity.

CMC, Gerdau raise rebar prices by $60-100/ton
The increases are effective June 6.

Join SMU for a Community Chat With Timna Tanners on Wednesday at 11 am ET!
Timna Tanners, managing director of equity research for Wolfe Research, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, June 11, at 11 am ET. It’s free to attend.

CRU Insight: A 50% S232 tariff will raise US steel prices and shift trade flows
This CRU Insight examines how the increase in Section 232 tariffs on steel to challenging levels will lead to significatively higher prices for end consumers in the US market.

SMU scrap market survey results now available
SMU’s 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 flat-rolled survey results are also available under that selection. If you need help accessing the survey results, […]

Miller on Scrap: Market patterns begin to take shape
If we review the price trends for the last two years, we can see this year’s pattern following a similar path.

AMU: Bumper-to-bumper breakdown of aluminum’s changing role in vehicles
Some aluminum parts are being replaced by steel. And more manufacturers are salvaging what they can before sending vehicles to recyclers.

US steel imports slumped in April, recovered in May
April now represents the third-lowest monthly import rate witnessed in nearly two and a half years, with several steel products falling to multi-year lows

Final Thoughts
I think there is an obvious case for sheet and plate prices going higher from here. That’s because, on a very basic level, the floor for flat-rolled steel prices, which is typically provided by imports, is now significantly higher than it was a week ago.
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Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
Flat-Rolled Steel Prices

Steel Pricing Momentum
Flat Rolled Lead Times
Steel Buyers’ Sentiment
Mill Spot Price Negotiations


