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 | 1,160 | 1,180 | 1,200 |
| 2 | CR | 1,360 | 1,390 | 1,420 |
| 5 | GI | 1,360 | 1,400 | 1,440 |
| 6 | AZ | 1,360 | 1,400 | 1,440 |
| 7 | PL | 1,330 | 1,380 | 1,430 |
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.
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 Methodology
Learn how SMU determines price indices, with transparency on our data collection, compliance, and calculations.
Latest news
Commerce delays initial margin decisions in tin mill products trade case
The Commerce Department has postponed making its preliminary margin determinations in the tin mill products trade case vs. Taiwan and Turkey.
Dodge Momentum Index increased in July
The Dodge Momentum Index (DMI) rose in July, up from an upwardly revised June reading.
USW president vows to use ‘every resource’ in contract talks
The United Steelworkers’ (USW) president released a video on Monday touting the union’s commitment to getting a good contract for its workers in the current negotiations.
Russel Metals reports record sales and shipments in second quarter
Russel Metals posted record quarterly revenues and shipments in the second quarter, boosted by strong market conditions and the integration of seven Kloeckner Metals Co. facilities.
Nucor increases spot HR price by $5/ton
Nucor upped its consumer spot price (CSP) for hot-rolled coil by $5/st to $1,160/st for the week of Aug. 10.
SMU Scrap Survey: Current and Future Sentiment accelerate
SMU’s Current Sentiment Index for scrap jumped in August as Future Sentiment saw a sharp rebound, according to the latest data from our ferrous scrap survey.
SMU Survey: Steel Buyer Sentiment Indices remain strongly optimistic
SMU’s Steel Buyers’ Sentiment Indices have been historically strong for several months, indicating that buyers are confident in their companies’ prospects today and in the coming months.
Steel import licenses rebound in July after June decline
Licenses to import steel into the US surged in July to the highest level since June 2025, according to recently released US Commerce Department data. Final June figures show a 3.8% month-on-month decline, while July licenses show a 9% recovery.
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Aluminum Market Update
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