World Steel Prices

Next Update: 2 September 2019 – (Data from April 2019)

 

Follow us on Twitter to be notified when the prices are updated

 

Global Composite Steel Price and Index (US$/tonne)

MonthCARBON STEEL PRICECARBON STEEL INDEXSTAINLESS STEEL 304 PRICESTAINLESS STEEL 304 INDEX
Mar-19712178.42442130.1
Feb-19709177.72371126.4
Jan-19716179.42346125.0
Dec-18731183.22414128.6
Nov-18749187.72527134.7
Oct-18765191.72574137.2
Sep-18780195.52682142.9
Aug-18781195.72775147.9
Jul-18781195.72820150.3
Jun-18783196.22804149.4
May-18783196.22780148.2
Apr-18792198.52784148.4

Source: MEPS Online Steel Prices

MEPS composite carbon steel prices are based on a weighted average of the low transaction values for all carbon steel products in the flat & long categories, identified in three regions (EU, Asia, and North America). The values are converted into US Dollars to provide a basis for comparison, using currency exchange rates effective at the start of each month. These rates are utilised for MEPS forecasts. Index is based on January 1997 = 100.

MEPS stainless steel prices are calculated from a weighted average of the low transaction values for all grade 304 stainless steel products in the flat & long categories researched in three regions (EU, Asia, and North America) and converted into US Dollars using currency exchange rates effective at the start of each month. Index values are based on data researched in April 1997 = 100.

Worldsteelprices.com cannot be made liable for any loss resulting from the use of these prices however it may arise.

Copyright © 2019 by MEPS (International) Ltd

Steel transaction prices are also available for USA, Canada, China, Japan, South Korea Taiwan, Germany, France, Italy, UK, Spain, Czech Rep, and Poland in MEPS International Steel Review


More Global Steel Prices


World Carbon Steel Prices - Average Transaction Price ($US/Tonne)

MonthHot Rolled CoilHot Rolled PlateCold Rolled CoilWire Rod (mesh)Structural Sections & BeamsRebar
Mar-19652782730669787635
Feb-19648789725671775624
Jan-19659796740676772626
Dec-18680802764679776634
Nov-18707804792686781639
Oct-18729809815694795648
Sep-18749820833696799655
Aug-18761807838691792645
Jul-18766805839686785640
Jun-18767804845693791636
May-18767806850687785635
Apr-18781814864680788642

Source: MEPS Online Steel Prices

All prices sold ex-mill. Delivery not included.
Copyright © 2019 by MEPS (International) Ltd

Note: Prices are an arithmetic average of the low transaction values identified in three regions (EU, Asia, and North America), converted into US dollars.  These rates are utilised for our forecasts.

Steel transaction prices are also available for USA, Canada, China, Japan, South Korea Taiwan, Germany, France, Italy, UK, Spain, Czech Rep, and Poland in MEPS International Steel Review


Average North America Carbon Steel Prices ($US/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Mar-197911046805767
Feb-197851057821756
Jan-198141077843752
Dec-188581081843755
Nov-189191062843755
Oct-189421046843769
Sep-189841043843767
Aug-1810241032843766
Jul-1810461030843764
Jun-1810261027843766
May-1810061023816744
Apr-1810061012772724

Source: MEPS International Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2019 by MEPS (International) Ltd


Average Asia Carbon Steel Prices ($US/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Mar-19572603607567
Feb-19573619604558
Jan-19575616593558
Dec-18579618596571
Nov-18583631610588
Oct-18596640615587
Sep-18602651617581
Aug-18602642611581
Jul-18601644601572
Jun-18617649616579
May-18606632605568
Apr-18618643611579

Source: MEPS International Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2019 by MEPS (International) Ltd

Note: Prices are derived from an arithmetic average of the low transaction values identified in Japan, Taiwan, South Korea and China – collected in national currencies and converted into US dollars using currency exchange rates effective at the start of each month to provide a basis for comparisons. These rates are utilised for our forecasts.

Steel transaction prices are also available for China, Japan, Taiwan and South Korea in MEPS International Steel Review


Average EU Carbon Steel Prices (€/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Mar-19520612524503
Feb-19510602513487
Jan-19518612521501
Dec-18531621526507
Nov-18543630531503
Oct-18561641539507
Sep-18570660540531
Aug-18562639530504
Jul-18562639530504
Jun-18562628530482
May-18575638534495
Apr-18586642537509

Source: MEPS European Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2019 by MEPS (International) Ltd


Average Nordic Carbon Steel Prices (€/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Mar-19552653614509
Feb-19552656607499
Jan-19566662605519
Dec-18576669609526
Nov-18588679608526
Oct-18605686615529
Sep-18602683623530
Aug-18596666615510
Jul-18594663613508
Jun-18600658621506
May-18605662628512
Apr-18609664628522

Source: MEPS European Steel Review Supplement

All prices sold ex-mill. Delivery not included.
Copyright © 2019 by MEPS (International) Ltd


India Steel Prices (Rs/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Mar-1942500425003910040000
Feb-1941000415004010038200
Jan-1941000410003760036000
Dec-1843500450003830035900
Nov-1846800460003960037000
Oct-1847500475004020037800
Sep-1846500466704100040100
Aug-1844800450003740036500
Jul-1845000453003640035800
Jun-1847000456504070039100
May-1846000455004040040400
Apr-1845600445003890038800

Source: MEPS Online Indian Steel Prices

All prices sold ex-mill. Delivery not included.
Copyright © 2019 by MEPS (International) Ltd

Note: Indian domestic steel transaction prices relate to those agreed by steelmakers and service centres for prime material in the specified products. The prices are for regular business transactions between customers and their local steel mills, negotiated during the current month for delivery in the future. Delivery charges and local taxes are not included in the quoted prices. Long-term contract deals arranged in the domestic market, or agreements for lots of imported steel, are specifically excluded from our independent price evaluation.

  • Flat Products – Delhi.
  • Long Product Prices – Mumbai.
  • Hot-Rolled Wide Coil – 2-3mm thickness, width over 1.1 metres.
  • Hot-Rolled Plates – 15-40mm thickness, width over 2.0 metres.
  • Cold-Rolled Coils – 0.8mm thickness, width over 1.3 metres.
  • Hot Dipped Galvanised Coils – 0.63-0.8mm thickness, width over 1.1 metres, coating thickness 275 gm/m2.
  • Wire Rod (Mesh Quality) – 8-12mm diameter.
  • Medium Sections and Beams – 240mm x 240mm H Beam.
  • Reinforcing Bar (Deformed) – 16-20mm diameter.
  • Merchant Bar – 50 x 50mm x 6mm equal angle.

Steel transaction prices are also available for Brazil, Russia, India and China in MEPS Developing Markets Steel Review


Steel is a major cost element for most engineering and construction enterprises around the world. Steel prices have become extremely volatile in all global markets. Consequently, input costs for many steel-consuming industries have fluctuated dramatically. To provide a greater understanding of the impact of this situation, MEPS International Ltd. has created a new series of monthly Steel Purchasing Price Indices for seven key industrial sectors which have steel as an important cost item. Forecast indices, for a period twelve months forward, have also been developed.

World Industrial Sector Index - Based on Steel Prices

MonthConstructionShipbuildingHousehold AppliancesMachinery
Mar-19120104.188.9111.4
Feb-19118.8104.988.7111.3
Jan-19119.3105.790.5112.1
Dec-18120.5106.493.5113.2
Nov-18121.6106.896.2114.4
Oct-18123.3107.699115.9
Sep-18124.5109101.4117.5
Aug-18123.1107.2102.1116.7
Jul-18122.3107102.1116.5
Jun-18122.2106.8102.4116.0
May-18121.8107.1103116.6
Apr-18122.5108.1104.2117.7

Source: MEPS Industrial Purchasing Price Index

Index – January 2007=100

Copyright © 2019 by MEPS (International) Ltd


MEPS International Industry Sectors


World Raw Material Steel Price Index

Month Raw Material Weighted AverageSemi-Finished Weighted AverageScrapBillet
Mar-1973.677.978.077.5
Feb-1972.176.575.876.6
Jan-1967.573.073.073.7
Dec-1867.475.873.276.1
Nov-1869.577.576.277.6
Oct-1870.880.079.880.4
Sep-1869.382.180.381.6
Aug-1866.584.379.282.4
Jul-1865.585.078.581.9
Jun-1867.687.680.783.1
May-1867.086.981.582.7
Apr-1867.888.781.983.9

Source: MEPS – Raw Material Steel Price Index

Index – Jan 2012 = 100
Copyright © 2019 by MEPS (International) Ltd

To calculate an index number, divide the selected month’s price by the starting (base) value. Then multiply by 100.

For example: Index number = ($720 / $500) x 100 = 144. To calculate the month-on-month percentage change, divide this month’s value by last month’s value. Then subtract 1 and multiply by 100. For example: Percentage change = ((120 / 110) -1) x 100 = +9%.

For more Raw Material and Semi-Finished steel price data please see MEPS Ferrous Scrap Review & MEPS Semi-Finished Steel Review


World Steel Prices cannot be made liable for any loss resulting from the use of these prices however it may arise.

Copyright © 2019 by MEPS International Ltd.
worldsteelprices.com is owned by MEPS International Ltd.
No information contained on this website may be copied or reproduced in any manner whatsoever without written permission of the copyright holders: MEPS International Ltd.

 

%d bloggers like this: