Steel market update. Cowden has covered the steel industry since 2007.
Steel market update A link to our methodology is here. Correspondence address: Steel Market Update, Inc. Dec 17, 2024 · Note: This will be our final price assessment for the year. 2 (Figure 1). Aug 20, 2024 · We’re already halfway through the third quarter of 2024. The recovery came as service center on order inventory totals picked up, supported by a slight uptick in shipments, according to our latest service center inventories data. Tracking steel buyers’ sentiment is helpful in predicting their future behavior. Thus, the price premium between stateside hot band and imports on a landed basis was relatively unchanged. 15, domestic steel output declined by 5,000 st, or 0. Prices across the US fell into place without comment or issue just before July 4. Market Update The Gerdau Market Update tracks and analyzes over 100 data streams that affect long steel consumption, attempting to provide the latest on market trends. In 2021, after a five-year hiatus working across other industries, she returned to steel trade journalism, joining SMU in 2022. -based service center and industrial platform. 26 market check, SMU pegged HR coil spot prices at $620-720/st, with an average price of $670/st. In the week ending Feb. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Feb 11, 2025 · Apparent US steel supply rebounded in December, but 2024 was still the lowest level for supply since 2020. Nov 6, 2025 · Twice per month, Steel Market Update surveys active steel buyers regarding the lead times they are experiencing by product: hot-rolled, cold-rolled, hot-dipped galvanized, Galvalume, and plate steels. Aug 25, 2025 · Domestic mill output increased last week, according to the latest data released by the American Iron and Steel Institute (AISI). Apr 28, 2025 · US steel mills produced more raw steel last week than they have over the past seven months, according to the American Iron and Steel Institute (AISI). Refer to Table 1 for the latest SMU steel price indices and how prices have moved in recent weeks. Will the so-called ‘green steel’ investments announced in recent years happen, or will ‘cancel culture’ come to steel? Most investment announcements so far have been focused in Europe. Customize the chart to compare multiple products and pricing against proprietary Nov 19, 2024 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. Over the past month, Steel's price has risen 0. Apr 1, 2025 · Sheet and plate prices were mixed on Tuesday as the market took a wait-and-see approach to the Trump administration’s “Liberation Day” tariffs. steel market faces challenges like tariffs, demand shifts, and global competition but shows resilience with EAF adoption and construction growth. US mills produced an estimated Nov 11, 2024 · The total amount of finished steel to enter the US market in September fell to its lowest level in seven months, according to our analysis of recent Department of Commerce and the American Iron and Steel Institute (AISI) data 4 days ago · Most steelmaking raw material prices remained stable over the past month. Jun 2, 2025 · US raw steel production rose again last week, climbing to the highest weekly output recorded since last September, according to the American Iron and Steel Institute (AISI). Output grew by 18,000 Feb 25, 2025 · Plate Price Indices pricing Sheet steel tariffs Brett Linton Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Feb 5, 2025 · ArcelorMittal Dofasco is raising spot sheet prices by CA$100 per ton (US$70/ton). 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 Mar 18, 2025 · U. Spot prices, meanwhile, have slowly inched higher after mills were able to stop discounting orders. 6 days ago · Flack Global Metals announced two leadership appointments to drive the commercial strategy of the Scottsdale, Ariz. Sheet negotiation rates rebounded across the board compared to early June, while our plate negotiation rate hit a full 100%. S. The event will bring together executives from across the steel supply chain, along with leading analysts Jun 24, 2025 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. China’s steelmakers are boosting capacity and exports, echoing the 2016 global steel crisis. Feb 3, 2025 · Steel Pricing Update: An Analysis of Market Forces and Industry Strategies Cleveland-Cliffs, U. Production rose by 24,000 tons, or 1. Feb 16, 2025 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. We perform this analysis monthly around the middle of the month. Plate prices popped $60/st compared to the week prior. Nov 14, 2024 · What will 2025 and a second Trump term mean for the steel industry? Timna Tanners, managing director at Wolfe Research, explored the possibilities with the SMU community in a Community Chat hosted by SMU Managing Editor Michael Cowden on Wednesday. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Feb 17, 2025 · US steel mills produced an estimated 1,670,000 short tons (st) of raw steel last week, according to recently released American Iron and Steel Institute (AISI) figures. She has held a variety of positions within the steel industry since 2007, including reporting and editing for Steel Business Briefing/Platts, the Association for Iron and Steel Technology, and Kallanish Commodities. 6 days ago · SMU’s Mill Order Index (MOI) surged in October after a notable decline the month prior. Jul 21, 2025 · Domestic steel mill output edged lower last week, according to the American Iron and Steel Institute (AISI). The Turkish mills came back into the deep sea export market and bumped up prices. US hot band did rebound from a 20-month low of $635 Welcome to Steel Market Update’s Interactive Pricing Tool, your trusted source for market pricing of flat-rolled steel products. Real-time intelligence from leading steel markets. It is not a good month to be doing this, but there is really no choice. 8 what domestic steel producers have long known—the threat of excess steel capacity never disappeared and is evolving. We will next update our price ranges on Tuesday, Jan. In our Nov. The results provide an interesting look at changing spot pricing trends. Sep 13, 2024 · Prices in the hot-rolled coil futures market have fallen m/m in early September, yet they remain little changed since our last review on Aug. A trip to Tampa is the perfect remedy for the winter blues. What is the Steel Pricing Momentum Indicator? Using a directional arrow, we are indicating the current trend of flat-rolled and plate steel pricing out of the domestic steel mills. Collectively, these material prices rose 1% month over month (m/m), but are down 3% compared to three months ago. In addition, they: Offer hedging opportunities throughout the steel supply chain, from steel mills to steel service centers, distributors, merchants, and end-users. Jul 8, 2025 · The US ferrous scrap market has settled sideways for July in a manner even more effortless than the June transition. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Dec 12, 2024 · The amount of finished steel entering the US market remained low in October, according to our analysis of recently released Commerce Department and the American Iron and Steel Institute (AISI) data. 4. 14. 3%, from the previous week May 2, 2025 · The SMU Steel Buyers Sentiment Index measures the attitude of buyers and sellers of flat-rolled steel products in North America. 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. Jun 26, 2025 · The majority of steel buyers responding to our latest market survey say domestic mills are more willing to talk price on sheet and plate products than they were earlier this month. Laura Miller Laura Miller is a reporter and editor for Steel Market Update. Aug 26, 2024 · Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil increased $15 per short ton (st) from last week to $710/st. Sep 10, 2024 · Following May’s five-month low, US steel exports ticked higher in July, according to the latest US Department of Commerce data. He Sep 26, 2024 · US hot-rolled (HR) coil prices inched up again this past week but remain just a touch more expensive than offshore material on a landed basis. Feb 11, 2025 · Each of the steel product prices tracked by SMU saw significant increases this week. The Summit has grown from 434 attendees in 2016 to more than 1400 in 2023, and represents more than 500 companies from the North American Steel Market. Mar 7, 2025 · David Schollaert is deputy editor-in-chief for Steel Market Update. Thus, the price premium between stateside hot band and imports on a landed basis widened slightly. While down, this marks the third-highest rate recorded across the past four months. First, the nearly $15-billion proposed sale of U. Domestic steel mill output was estimated at 1,706,000 short tons (st) for the week ending April 26 (Figure 1), marking the highest weekly total recorded since September 2024. May 12, 2025 · Domestic mill output continues to grow, with raw steel production rising last week to the highest rate recorded since last September, according to the American Iron and Steel Institute (AISI). Join us and hundreds of industry executives at the JW Marriott Tampa Water Street from Sunday, Feb. He specializes in flat-rolled steel but has also reported on steel long products, steel pipe and tube, and aluminum. Demand was neither strong enough nor supply weak enough to affect scrap prices either way. Jan 2, 2025 · The ferrous scrap markets start the year off in a battered condition after a real drubbing in 2024. The Turkish mills pulled out May 22, 2025 · According to our latest analysis, prices for four of the seven steelmaking raw materials we track increased from April to May. Sep 5, 2024 · Sheet prices didn’t roar back after Labor Day. Mar 25, 2025 · SMU's steel price indices moved in differing directions this week but remained largely stable as cautious buyers await clarity on pending steel tariffs and trade cases. Mar 25, 2025 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. Before joining SMU, Cowden held reporting jobs at Fastmarkets AMM in Chicago, the Associated Press in Pittsburgh, and the Cambodia Daily in Phnom Penh. As one of the premier events in the North American steel industry, Steel Summit brings together thought leaders, market analysts, and key decision-makers from across the supply chain. Mills have ramped up output since April, with weekly production increasing in all but four of the past 16 weeks. The question now is whether mills and service centers will manage the decline or whether prices might fall rapidly, they said. 3 days ago · Prices, news, analyses and comments about the global iron and steel industry are on your screen with one click away! Apr 29, 2025 · Most sheet and plate steel prices declined yet again this week, with four of SMU’s five indices moving lower. Predictions heard in late June of a sideways trade were all spot-on. 5 days ago · Get the latest steel news, prices, and industry trends from CRU Group, a leading provider of steel market analysis and data. Production remains historically strong, holding near multi-year highs since June. Fall is coming in North America, and with it, steel mills’ regularly scheduled fall maintenance outages. 23% from the previous day. The decrease puts the index back to one of the lowest readings of 2024. 44% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. The March price for busheling also rose from February. In the Chicago and Detroit districts, prices remained sideways. Cowden has covered the steel industry since 2007. Jan 31, 2025 · Hot-rolled (HR) coil prices ticked up in the US this week, while tags abroad were mixed. Our price momentum indicator for hot-rolled steel remains at Sep 17, 2024 · Steel Market Update’s Steel Demand Index ticked back seven points last week, falling further into contraction territory. 9 (Figure 1). It’s been on an upward trajectory since January, according to SMU’s most recent pricing data. There is optimism, but this was felt at times last year, only to succumb to the reality of weak demand and lower steel production. Jun 6, 2025 · 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. There is no doubt that China is successfully weaponizing excess capacity across many industries, and the fatal You need to be logged in order to manage your account Login Subscribe 5 days ago · The bulk scrap export market has experienced a great deal of action lately, but that has not resulted in runaway pricing. Feb 4, 2025 · SMU’s Monthly Review provides a summary of important steel market metrics for the previous month. May 2, 2025 · The US scrap market should start to form next week, and the outlook is for another drop in the delivered cost of material. At the outset there was optimism. Mar 11, 2025 · After over a month of increases, steel prices paused this week for some of the products tracked by SMU. May 15, 2025 · Domestic mills are largely negotiable on spot prices, according to the majority of steel buyers responding to our latest market survey. Steel Market Update provides analysis on the steel industry covering flats (HRC, CRC, plate, coated steel) and long steel (rebar, sections, merchant bars). Aug 20, 2025 · Steel tariffs doubled to 50% and winter weather approaching - contractors and architects must lock in metal panel pricing now. Access the Interactive Pricing Chart to view current market prices for hot rolled, cold rolled, galvanized, Galvalume, plate, heavy melt scrap, shredded scrap, and #1 busheling scrap. Let's take a close look at steel market prices — how they’ve moved in recent months, what’s driving them and what metal buyers should watch. Jul 22, 2025 · Steel prices continued to decline this week across all of the sheet and plate products tracked by SMU, pressured by short lead times and the typical summer slowdown. However, things started to unravel. Raw steel mill production edged down slightly last week, according to recent figures released by the American Iron and Steel Institute (AISI). In a slow, unsure market with uncertainty swirling around steel demand, steel prices, and November’s elections, some mills have even moved up their planned outages in anticipation of a better market later in Q4 or beyond. Suite 320B Pittsburgh, PA 15212 USA Remittance address: Steel Market Update, Inc. Follow on LinkedIn, Facebook, Instagram, X and YouTube Keep up to date with US steel news, global steel price news and steel price developments, steel market forecasts and market analysis. 6 days ago · Brett Linton Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Since 2007, she has held various editorial and marketing positions with steel industry publications, associations, and mills. Aug 3, 2025 · Prices for four of the seven steelmaking raw materials we track were unchanged from late June through the end of July, while two increased and one declined. We provide our members with several ways to interact with current and historical data using the chart and table features Platts Steel Markets Daily delivers concise daily market news and commentary for steelmaking raw materials, expert analysis, and the latest Platts benchmark price assessments. Linton has been in the steel industry since 2010. America's Premier Steel Conference The SMU Steel Summit has gone from strength to strength over the last few years, growing from 434 attendees in 2016 to more than 1,500 in 2024. Mar 4, 2025 · Steel prices climbed across the board this week, with every steel product tracked by SMU rising to multi-month highs. Oct 24, 2024 · Final Thoughts: AMU brings the news Usually, I write about steel in this column because, well, we’re Steel Market Update. Domestic steel mills produced an estimated 1,787,000 short tons (st) of raw steel through the 5 days ago · The SMU Steel Demand Index slackened from late October, remaining below expansion territory, according to SMU's mid-November indicators. Jun 30, 2025 · US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI). Our team of seasoned steel industry journalists serves as your trusted advisors, delivering expert forecasting, analysis, and important market-shaping news. Comprehensive outlook on steel prices, demand trends, and industry projections from leading market analysts. 5 days ago · About Steel Market Update Discover the people behind Steel Market Update. The only industry source providing price ranges for steel and scrap products — plus an interactive pricing tool, coverage of steel futures markets, raw material pricing, and price momentum indicators. He Nov 29, 2023 · Sector fundamentals for US steel companies remain solid overall, according to ratings agency Fitch’s 2024 outlook report. Jun 13, 2025 · Ryan has eight years of experience in steel market analytics, covering markets from steel metallics, steel long products, stainless steel, and now steel sheet and plate markets. Dec 9, 2024 · Domestic raw steel mill production ticked up to an 11-week high last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Steel to Nippon Steel exploded into the news. com Office Hours: Monday through Friday, 8 AM to 5 PM US Eastern Time Zone Nov 22, 2024 · The OECD Steel Committee convened its 96th session last week in Paris, along with the Global Forum on Steel Excess Capacity. And it looks like prices are ticking up. Nucor said on Monday that its CSP in the West Coast market is also unchanged this week. It is a proprietary product developed by Steel Market Update for the North American steel industry. Dec 4, 2024 · The ferrous scrap market hasn’t settled yet for December, but sources say mills are looking to push scrap prices down. Meanwhile, plate lead times increased to levels last seen one year ago. Aug 25, 2023 · Three prominent steel analysts proposed their outlooks for next year in the Steel Price Forecast: Boom or Bust in 2024? panel at Steel Summit 2023 in Atlanta. Our team of over 160 price reporters provides over 900 steel proprietary prices backed by transparent methodologies, with verified and auditable processes. Production remains historically strong, holding near multi-year highs since early June. Our range is unchanged w/w. Dec 18, 2024 · Hot-rolled (HR) coil prices were flat in the US this week, while tags in offshore markets were mostly down. The market appears to be inching higher in response to President Trump’s 50% tariff announcement on steel and aluminum, though gains are not nearly as strong as the surge seen back in February following the initial tariff news. Q3 2025 market analysis shows urgent action needed before seasonal delays and cost increases hit construction projects. Three of our price indices continued to climb, while two held steady from the prior week. The SMU price range is $650-700/st, averaging $675/st FOB mill, east of the Rockies. Steel fell to 3,060 CNY/T on November 21, 2025, down 0. These updates allow you to stay on top of market movements as they happen, helping you manage your business. Dec 22, 2024 · David Schollaert is deputy editor-in-chief for Steel Market Update. Mar 11, 2025 · After an unusually long period of waiting for the March scrap market settlements, several mills are now actively buying ferrous scrap. Below, you will find the most recent information about Macroeconomics, Steel Econometrics, Construction and Manufacturing as it becomes available. Apr 23, 2025 · SMU’s Steel Demand Index has moved into contraction, according to late April indicators. Nov 17, 2025 · Steel Prices in November 2025: Market Dynamics, Price Drivers, and Industry Outlook We break down consecutive mill price hikes, lead time extensions into January, and the hidden forces driving $910/ton HRC pricing in a manufacturing slowdown. Yet our most 3 days ago · The downward trend in Chinese steel export prices continued over the past month, as domestic demand in the country failed to recover following the Golden Week holidays. However, select materials saw a collective 1% decline month over month and are down 4% compared to three months ago. The indicator is based on data collected from industry buyers and sellers of flat-rolled steel products. Get today's steel industry news with automated trending topic analysis. 323 North Shore Dr. Our latest report includes data updated through January 31st. US mills have ramped up production since April, with weekly output steadily increasing in nearly every week since. Access expert insights, exclusive data, and interactive tools to stay ahead of market changes. 3%, compared to the prior week (Figure 1). Feb 24, 2025 · Buyers are optimistic for a strong scrap market in March, driven by limited scrap inflows from severe weather disruptions and increasing mill demand. 9, futures prices showed an average of $753 per short ton for Q4’24 and an average of $817/st for all of 2025. Domestic steel mills produced an estimated 1,800,000 short tons (st) of raw steel in the week ending Aug. Sep 17, 2024 · Steel Market Update’s Steel Demand Index ticked back seven points last week, falling further into contraction territory. And when I say exploded, I mean that all sides seem to be escalating things now. Keep up to date with US steel news, global steel price news and steel price developments, steel market forecasts and market analysis. Oct. The Steel Demand Index, compiled from our weekly survey data, now stands at 41, down from 48 at the end of August. Prior to joining CRU, he covered a variety of local North American scrap markets at Argus Media. But steel market news sure came out of the gate strong (or maybe chaotically is the better way to put it). He Jul 15, 2025 · US steel exports rose 10% from April to May but remained low compared to recent years. Aug 4, 2025 · Domestic mill output increased last week, according to the latest data published by the American Iron and Steel Institute (AISI). May 5, 2025 · Raw steel mill output ticked higher last week, now up to the highest weekly rate recorded in over seven months, according to the American Iron and Steel Institute (AISI). Aug 19, 2025 · US raw steel production declined last week, according to the latest data released by the American Iron and Steel Institute (AISI). In most districts, prices rose, but not dramatically. Steel, and Nucor - have recently announced new pricing targets, Jan 2, 2025 · Editor’s note: The raw steel production tonnage provided in this report is estimated and should be used primarily to assess production trends. Steel - values, historical data, forecasts and news - updated on November of 2025. Steel market prices continue to demonstrate resilience amid softer demand and evolving trade policy. Jul 1, 2025 · Mill Steel Company is gearing up for the 2025 Steel Market Update Steel Summit Conference and looking forward to connecting with industry peers in Atlanta. The result: the margin US hot band holds over imports on a landed basis widened slightly. 7. The Committee’s discussions and presentations were clear: Steel markets worldwide are in dire straits. Feb 20, 2025 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. Real-time market updates & global industry intelligence. Apr 3, 2025 · Buyers responding to our latest market survey reported that sheet lead times continue to gradually decline from recent highs. The monthly AISI “AIS 7” report is available by subscription and provides a more detailed summary of domestic steel production. Since sharply falling in September and October, weekly production has marginally trended higher for the past two months, but remains significantly low compared to levels recorded earlier this year. May 6, 2025 · Steel buyers said Nucor’s price decrease was a public acknowledgement of what most of the market had already known - that sheet prices were moving lower in a more significant way. Mar 14, 2024 · The Mexico steel market update identifies several key developments shaping the industry's current state and future prospects. Dec 20, 2024 · The big question surrounding future investment in steel is if interest in steel decarbonization has peaked or just paused. Reflect the growing use of index-based pricing in tandem with the increase in Jun 10, 2025 · Steel prices climbed for a second straight week across all five sheet and plate products tracked by SMU. Mar 12, 2025 · What are steel buyers saying this week about prices, demand, the import market, the evolving tariff situation, and more? Jan 17, 2025 · With just two weeks to go, we have 500 registered so far for the 36th annual Tampa Steel Conference. Most open orders have been canceled by the mills and dealers are continuing to supply their mills on the notorious “price-to-be-determined” order. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. While down, production remains historically strong since peaking in early June. Hot-rolled coil (HRC) steel futures are used as a hedging tool for producers and users of steel and provide an index-based price discovery mechanism. Steel prices, market data, news, events and forward-looking intelligence for energy traders, analysts, utilities, and investment professionals. Production increased 5,000 st, or 0. Negotiation rates have increased in each of our last three surveys following the early-June lull, reaching a record high this week. 3 days ago · Explore steel industry news organized by key sectors: market prices, production, corporate M&A, green technology, mining, and global policy. Connect with our unique, collaborative network of industry experts to forge new connections and drive your business forward. SMU’s check of the market on Tuesday, Dec. Explore how steel market prices are changing in 2025 and what manufacturers need to know to stay ahead. Comprehensive coverage of global steel industry news, market trends, and real-time updates on steel prices, production, and trade developments Oct 8, 2025 · Our mid-week update gives you the latest input costs, supply, demand, price, and economic trends. 30%, but it is still 7. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Dec 2, 2024 · The published CSP has been higher than average transaction prices for HR purchased on the spot market, according to buyers. Jan 27, 2025 · Raw steel mill production held relatively steady last week, according to recent figures released by the American Iron and Steel Institute (AISI). Expert analysis of global steel market forecasts for 2025-2026. 17, put average domestic HR tags at $675 per short ton (st), unchanged from the week before. Mar 25, 2025 · U. Prices are mixed in comparison to this time last year. As of Monday, Sept. The U. Steel USW Laura Miller Laura Miller is a reporter and editor for Steel Market Update. Mar 18, 2025 · The price spread between hot-rolled coil (HRC) and prime scrap widened again in March, surpassing $500 per short ton (st). May 27, 2025 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. Aug 7, 2025 · Steel Market Update analyzes the prices of steelmaking raw materials, including iron ore, coking coal, pig iron, scrap, zinc and aluminum. 2, through Tuesday, Feb. The Hamilton, Ontario-based flat rolled steelmaker told customers the increase is effective immediately for all new orders. Data Prices, lead times, inventories, and key market indicators – everything you need to quickly adapt in the dynamic steel industry. Apr 1, 2025 · SMU’s Monthly Review provides a summary of our key steel market metrics for the previous month, with the latest data updated through March 31. 4%, compared to the previous week. Mar 19, 2025 · David Schollaert is deputy editor-in-chief for Steel Market Update. Explore our journey, our team, and the milestones that shaped who we are today The U. Apr 29, 2025 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. The slowdown comes in response to growing tariff uncertainty after the index reached a four-year high in late February. Referred to as ‘apparent steel supply’, we calculate this volume by combining domestic steel mill shipments with finished US steel imports and deducting total US steel exports. Nov 25, 2024 · Prices were stable to down in November for all seven steelmaking raw materials tracked by SMU, according to our latest analysis. Jun 29, 2025 · Laura Miller Laura Miller is a reporter and editor for Steel Market Update. Jul 24, 2025 · More than nine out of every ten steel buyers polled by SMU this week reported that mills are negotiable on new order prices. 09, 2025 Nov 1, 2024 · The ferrous scrap market for November is starting to look more like the several preceding months. Sep 15, 2024 · Michael Cowden Michael Cowden is editor-in-chief for Steel Market Update. Follow on LinkedIn, Facebook, Instagram, X and YouTube Oct 20, 2025 · Steel Price Analysis: Understanding Current Market Dynamics The global steel market in October 2025 presents a complex landscape shaped by trade uncertainties, fluctuating demand patterns, and persistent overcapacity challenges. Raw steel production was estimated at 1,782,000 short tons (st) of raw steel for the week ending Aug. Nov 21, 2024 · US hot-rolled (HR) coil prices slipped this week, while tags in offshore markets were also largely down. The event brought together 250 government and industry delegates from 40 of the largest steel-producing countries. . PO Box 645761 Pittsburgh, PA 15264 USA Phone: +1 724-221-9997 (located in US Eastern Time Zone) Email: smu@crugroup. This is back in line with trade levels seen in recent months. This came just one month after exports fell to the lowest level recorded in nearly five years. steel prices have surged due to tariffs, leading to supply constraints and market uncertainty despite a recent return to manufacturing growth. All four of our sheet price indices rose by $30-50 per short ton (st) on average. The amount of steel exiting the country rose 6% month on month (m/m) to 818,000 short tons (st). Explore our service center inventories data, lead times, Steel Buyers’ Sentiment Indices, mill negotiability rates, and more. Updated every 6 hours with live market data. SMU’s average HRC price was flat week over week (w/w) and increased month over month. 5 days ago · Steel Summit and Tampa Steel Conference: Attend the industry’s premier gatherings for market insights, networking, and actionable strategies. Platts Steel Markets Daily delivers concise daily market news and commentary for steelmaking raw materials, expert analysis, and the latest Platts benchmark price assessments. Aug 11, 2025 · US raw steel production rose to a new high last week, according to the latest data released by the American Iron and Steel Institute (AISI). But before I get to steel, I want to give a shoutout to my colleagues at Aluminum Market Update (AMU) – SMU’s new sister publication. Oct 12, 2024 · The Global Forum on Steel Excess Capacity (GFSEC) reaffirmed on Oct. Learn how to adapt to changing market conditions with SMU's pricing, demand, and sentiment services. He Jun 23, 2025 · Following a minor dip in mid-June, raw steel production rose last week to a new multi-year high, according to the latest data released by the American Iron and Steel Institute (AISI). The latest Steel Industry News available without editorial comment or bias. pcxyag qicd wwdhqu lrjfdi kohac ggbby bflbf bjfph bhdo mbzria hcb icgss kuj tqrbea botd