Where the steel community comes together
Keeping a finger on the pulse of the flat-rolled steel market with the latest steel news, prices, and industry updates
What we do
Pricing
Steel Market Update produces weekly price assessments, news, and analysis of market trends affecting prices and sentiment on the US steel market.
Trends and Analysis
Sentiment, Inventories, Prices, and Key Market Indicators – everything you need to quickly adapt in the dynamic steel industry.
Events and Training
We are proud to be an industry leader with our nationally recognized trainings and events, like the Steel Summit Conference and Tampa Steel Conference. We offer in-person and virtual workshops in our Steel Industry Training Program across the country facilitated by industry experts.
Advertising
Maximize your reach to your target market through an advertising partnership with Steel Market Update. Advertising with Steel Market Update ensures optimal visibility, allowing you to effectively convey your unique message to companies involved in flat rolled steel products and markets.
Latest news
Final Thoughts
For those who don’t know, we have a monthly scrap survey. It’s very similar to our industry-leading flat-rolled steel survey. We cover market trends, pricing, and sentiment – which helps us keep our finger on the pulse of the scrap market. One thing we’ve learned lately from our surveys here at SMU: The lack of […]
Leibowitz: The UK trade agreement, a template for future trade deals?
The UK deal may signal relaxation of the heaviest tariffs. The suspension of the reciprocal tariffs greater than 10% – remember, 57 countries were hit with that – ends on July 9. But it could be extended. If more deals like the one with the UK are struck, the suspensions may continue to permit more agreements – relieving global markets of considerable worry.
SDI’s Pushis leaving for titanium, Alvarez stepping up
Longtime Steel Dynamics Inc. (SDI) executive Glenn Pushis will be retiring from the company to become CEO of Project Aero, a company that plans to build a titanium plant in North Carolina.
HVAC equipment shipments rebound in March
Shipments of water heaters, air conditioner/heat pumps, and warm-air furnaces all increased from February to March. Total monthly shipments are now at a seven-month high.
CRU: Tariffs set to dampen global auto growth
The recently announced US tariffs on vehicles and key components from all markets are expected to significantly disrupt global production.
SMU Scrap Survey: Current, Future Sentiment Indices log declines
However, in a month plagued by tariff and economic uncertainty, both current and near-term outlooks for our scrap survey respondents remained surprisingly optimistic.
SMU’s Week in Review: May 5-May 9
Here are highlights of what’s happened and a few things to keep an eye on this upcoming week.
Join SMU and AMU on Wednesday for a Community Chat on aluminum, tariffs, and trade
Tariffs, sanctions, and embargoes, oh my! And they’re hitting aluminum just as hard as steel.
So join SMU on Wednesday, May 14, at 11 am ET (10 am CT) for a special Community Chat focusing on the impact of Trump’s trade policies on the aluminum market.
We’ll bring you expertise from Aluminum Market Update (AMU), an SMU sister publication that’s scheduled to launch this summer.
Rig counts continue to decline in US and Canada
Oil and gas drilling activity declined again this week in the US and Canada, according to Baker Hughes.
SMU Steel Summit 2025: Reaching new heights!
The 2025 SMU Steel Summit is shaping up to be another record-smashing event, and the buzz around the gathering is growing. It runs Monday, Aug. 25 – Wednesday, Aug. 27, at the Georgia International Convention Center (GICC) in Atlanta.
Steel exports rose in March, but remain weak vs past years
The volume of steel exported from the US marginally increased from February to March, according to the latest US Department of Commerce figures. Although up month over month (m/m), export levels have generally trended downward over the past year.
US, offshore CRC prices continue to fall
US cold-rolled (CR) coil prices moved lower again this week, slipping five weeks in a row now. Most offshore markets mirrored the move, ticking down as well.
Featured
Steel 101 Workshop
Our instructors will present the structure of the steel industry and the steelmaking process. We’ll start with raw materials and continue downstream to hot rolling, cold rolling, and coating. Whether you are new to the industry or are experienced and changing roles, our experts will help you gain the knowledge to succeed!
SMU Steel Summit
The SMU Steel Summit has gone from strength to strength over the last few years, growing from 434 attendees in 2016 to nearly 1500 in 2023. Representing more than 500 companies from the North American Steel Market, this is the event to learn what the future holds and to network and do business. Mark your calendars for Aug. 26-28, 2024.
Survey Results
Discover valuable insights into steel prices with SMU’s market survey. Our timely analysis of lead times, mill negotiations, inventory trends, and market sentiment empowers informed decision-making in a dynamic industry. Stay ahead of the curve and maximize your opportunities.
Community
Join us for our Community Chat Webinars! Every other Wednesday, we give our community the opportunity to hear from experts discussing topics important to the steel community we serve.
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
