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 | 940 | 960 | 980 |
| 2 | CR | 1,080 | 1,105 | 1,130 |
| 5 | GI | 1,040 | 1,070 | 1,100 |
| 6 | AZ | 1,080 | 1,100 | 1,120 |
| 7 | PL | 1,020 | 1,050 | 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
Nucor CEO upbeat on 2026, eyes M&A as projects wrap up
Nucor Chair and CEO Leon Topalian is bullish on the outlook for 2026. And noted that the Charlotte, NC-based steelmaker remains in the hunt for M&A opportunities.
Final Thoughts
What do SMU’s latest survey results show about the current market take on tariffs and where HRC prices are going?
SMU Price Ranges: Sheet continues mostly upward, plate holds as sources assess impact of severe cold
Sheet prices mostly continued their uneven but steady march higher this week, according to SMU’s latest check of the market.
Cold snap pushes AZZ to temporarily close some locations in Southeast and Texas
AZZ Inc. posted on its website that it had temporarily closed more than half a dozen locations in response to the extremely cold weather gripping much of the US.
Alton Steel to close, cites competitive disadvantages
Alton Steel Inc. (ASI), a special bar quality (SBQ) steel producer, said it will close operations later this week.
Millett blasts BlueScope board, says SDI and SGH remain best fit
“The premise for the board’s rejection was insufficient value. Yet they provided shareholders with no reasonable, executable alternative strategy that would provide the same certainty of shareholder return,” SDI Co-founder, Chairman, and CEO Mark Millett said.
Nucor earnings rise in Q4’25, rosier outlook for current quarter
Nucor reported higher profits in the fourth quarter on-year, and expects sequential improvements across all segments in the current quarter.
SDI posts strong Q4 profit despite outages and contract price lags
Steel Dynamics Inc. reported higher Q4 profits despite lower contract prices for flat-rolled steel and more outages than usual in the quarter.
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