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Steel Market Update maintains ongoing conversations at all levels of the steel industry, from the executive suite to the newly hired buyer, salesperson or support staff. 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 industr
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- Aug 14, 2026earliest in window
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News
SMU Scrap Survey: Current, Future Sentiment Indices decline
2+ day, 16+ hour ago (445+ words) Written by Ethan Bernard & Stephen Miller SMU’s Current and Future Scrap Sentiment Indices fell in September, according to the latest data from our ferrous scrap survey. SMU’s Current Scrap Sentiment Index declined five points to +88 this month from August. Though…...
SMU scrap tags for shredded, HMS flat while busheling ticks up
4+ day, 16+ hour ago (583+ words) Written by Ethan Bernard SMU’s September scrap prices for shredded and HMS came in sideways, with busheling tags increasing slightly. “The September ferrous market pretty much wrapped up a reasonably unexciting trade on Friday with nearly all grades in all…...
September scrap tags settle mostly sideways
1+ week, 3+ day ago (418+ words) Written by Stephen Miller Ferrous scrap prices have landed largely sideways this month, sources told SMU. The market quickly settled on Wednesday as 90% of the buying concluded, according to sources in several districts. As previously reported in SMU’s Tuesday edition,…...
September scrap prices could land sideways, sources say - Steel Market Update
1+ week, 4+ day ago (538+ words) Written by Stephen Miller Ferrous scrap prices could be poised for a sideways move in September as supply and demand are seemingly in reasonable balance, sources told SMU. Still, flat prices are not guaranteed, as we have seen in prior…...
Nucor lifts HR coil CSP to $1,185/ton
1+ week, 5+ day ago (310+ words) Written by David Schollaert Nucor said on Monday, Aug. 31, that its consumer spot price (CSP) for hot-rolled (HR) coil will be $1,185 per short ton (st) this week, a $5/st increase from a week earlier. The CSP for HR coil from…...
Steel market chatter this week
2+ week, 2+ day ago (891+ words) Written by Brett Linton On Monday and Tuesday this week, SMU polled steel buyers on an array of topics, ranging from market prices, demand, and inventories to tariffs, imports, and evolving market events. We are sharing a selection of the…...
Steel Summit: Ryerson CEO sees early-stage reshoring lifting steel demand
2+ week, 4+ day ago (481+ words) Written by Laura Miller Ryerson’s CEO says US reshoring remains in its early stages, despite rising investment in manufacturing capacity. Speaking at the SMU Steel Summit 2026 in Atlanta on Tuesday, Eddie Lehner said the company’s AI-developed Ryerson Demand Reshoring Index…...
AMU Survey: Scrap demand rebounds in August
3+ week, 1+ day ago (1078+ words) Written by Nicholas Bell Aluminum scrap demand rebounded among recyclers in August, making signs of tighter availability more notable than they were under July’s weaker demand. Recycler demand increased while fewer respondents reported sufficient obsolete scrap, even as inventory drawdowns…...
Export scrap market holds steady
3+ week, 1+ day ago (589+ words) Written by Stephen Miller The export markets on both coasts have not changed very much over this last week. This week we saw two more cargoes sold off the US East Coast at prices roughly the same as levels seen…...
Miller on Scrap: Does quiet August signal soft September?
3+ week, 4+ day ago (638+ words) Written by Stephen Miller August has been quiet thus far, with scrap suppliers working on completing their current orders as signals of a weaker September start to appear. However, sources say it will not drop very much, though everyone is…...