News
Explore accurate and timely flat-rolled steel market news and insights into prices and key market trends.
The pulse of the flat-rolled steel and scrap markets
Steel Market Update delivers trusted news, pricing, and proprietary leading indicators to help you make timely business decisions with confidence – all conveniently delivered to your inbox
Where the steel community comes together
Join the industry’s leading events to connect with peers, gain expert insights, and sharpen your competitive edge
Contribute to our surveys and make your voice count
Your feedback helps us deliver clearer market insights, more dependable pricing, and valuable data that benefits the entire industry. And the results will help you keep your finger on the pulse of the market
Join our Community Chat webinars
Engage with our vibrant network of industry leaders in real time. Share ideas, gain exclusive insights, and unlock new opportunities to accelerate your business growth
Data
Prices, lead times, inventories, and key market indicators – everything you need to quickly adapt in the dynamic steel industry.
Community
Connect with our unique, collaborative network of industry experts to forge new connections and drive your business forward.
Join Us
Join us to access an array of proprietary features and resources to help you stay on top of dynamic market changes.
Latest news
SMU Community Chat: Unpacking the legal considerations of IEEPA tariffs and the Supreme Court
Wiley Law trade attorneys, Alan Price and Robert DeFrancesco, offered legal expertise to steel and aluminum market participants on Thursday’s SMU Community Chat.
US rig count ticks higher, Canada falls
The latest Baker Hughes rig count report showed oil and gas drilling improved in the US this past week, while Canada saw its rig count decline.
CRU outlook: Divergent regional sheet price trends will persist in the near term
Global sheet markets face divergent trajectories into year-end, with Asian (excl. India) markets under pressure from oversupply. This, while Western markets experience temporary support from supply constraints.
AMU: Negotiations heat up in US VAP market: Billet, PFA and wire rod premiums diverge
Contract talks for U.S. value-added aluminum products are reaching a critical stage, with billet, primary foundry alloys, and wire rod upcharges diverging as buyers and producers race to finalized 2026 pricing.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers 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 “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Current Sentiment falls, Future Sentiment ticks up
SMU’s Current Steel Buyers’ Sentiment Index slipped this week while Future Sentiment inched up, according to our most recent survey data.
Final Thoughts
Scrap keeps on trucking, shutdown or not.
Low demand amid mill price hikes confounds sheet market participants
US sheet market participants say demand for hot- and cold-rolled coils has not increased, leaving them confused by mill price increases and average lead times.
Pricing
Interactive Pricing Tool
Chart steel and scrap prices against key indicators with our Interactive Pricing Tool.
Flat Rolled Steel Prices
| wdt_ID | Product | Low | Avg | High |
|---|---|---|---|---|
| 1 | HR | 800 | 830 | 860 |
| 2 | CR | 980 | 1,020 | 1,060 |
| 5 | GI | 860 | 945 | 1,030 |
| 6 | AZ | 920 | 980 | 1,040 |
| 7 | PL | 960 | 1,010 | 1,060 |
Steel Pricing Momentum
Flat-Rolled Lead Times
Steel Buyers’ Sentiment
Mill Spot Price Negotiations
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