World Steel Prices

Next update: 3 August 2020 – (Data from March 2020)

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

MonthCARBON STEEL PRICECARBON STEEL INDEXSTAINLESS STEEL 304 PRICESTAINLESS STEEL 304 INDEX
Feb-20643161.22368126.2
Jan-20644161.42391127.4
Dec-19620155.42492132.8
Nov-19614153.92598138.5
Oct-19621155.62622139.7
Sep-19645161.72547135.7
Aug-19657164.72406128.2
Jul-19660165.32381126.9
Jun-19668167.42406128.2
May-19687172.22476132.0
Apr-19711178.12507133.1
Mar-19712178.42442130.1

Source: MEPS Steel Prices & Indices

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 © 2020 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


MEPS Steel Prices & Indices

Latest Steel Industry News


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

MonthHot Rolled CoilHot Rolled PlateCold Rolled CoilWire Rod (mesh)Structural Sections & BeamsRebar
Feb-20585637695571688543
Jan-20591641695576683548
Dec-19558617668565666535
Nov-19540609655566669538
Oct-19551642661577669547
Sep-19584660684592690568
Aug-19596682691607720577
Jul-19594693684619733594
Jun-19596715684632750608
May-19625744703647758617
Apr-19654774735662779629
Mar-19652782730669787635

Source: MEPS Steel Prices & Indices

All prices sold ex-mill. Delivery not included.
Copyright © 2020 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
Feb-20685738661646
Jan-20703740661647
Dec-19651707639625
Nov-19602674628635
Oct-19603749661656
Sep-19667793683678
Aug-19686838705679
Jul-19648838716700
Jun-19653901750731
May-19726979761743
Apr-197871023783767
Mar-197911046805767

Source: MEPS International Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2020 by MEPS International Ltd.


Average Asia Carbon Steel Prices ($US/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Feb-20540578549504
Jan-20557587558511
Dec-19543571558508
Nov-19538579572510
Oct-19551581570510
Sep-19559586570527
Aug-19569592575539
Jul-19580593580553
Jun-19577594583556
May-19590605603562
Apr-19595616611572
Mar-19572603607567

Source: MEPS International Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2020 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
Feb-20480539456432
Jan-20459533456436
Dec-19434518451426
Nov-19430516447422
Oct-19456544456434
Sep-19480549478455
Aug-19481557489463
Jul-19491572495467
Jun-19497581503480
May-19497585514485
Apr-19516610527488
Mar-19520612524503

Source: MEPS European Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2020 by MEPS International Ltd.


Average Nordic Carbon Steel Prices (€/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Feb-20494558556488
Jan-20469556558491
Dec-19471562549479
Nov-19474570538469
Oct-19492589543477
Sep-19524614562499
Aug-19530626576506
Jul-19535633581511
Jun-19535633592511
May-19543640603513
Apr-19550652610517
Mar-19552653614509

Source: MEPS European Steel Review Supplement

All prices sold ex-mill. Delivery not included.
Copyright © 2020 by MEPS International Ltd.


India Steel Prices (Rs/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Feb-2038800382503210034400
Jan-2038100377503290035000
Dec-1935100351003070032100
Nov-1934750342503070032100
Oct-1934750345002970030300
Sep-1935500353003000030400
Aug-1937250365002890029800
Jul-1937250375003290030900
Jun-1940800405003520034000
May-1941200410003680035000
Apr-1941700422003790036900
Mar-1942500425003840037500

Source: MEPS India Steel Prices

All prices sold ex-mill. Delivery not included.
Copyright © 2020 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
Feb-20103.685.485.297.1
Jan-20104.285.885.697.1
Dec-19101.882.783.493.7
Nov-19102.181.882.793
Oct-19103.785.882.895.3
Sep-19107.188.284.398.5
Aug-19109.391.284.9100.9
Jul-19111.992.684.5102.2
Jun-19114.495.685104.4
May-19116.499.687107.4
Apr-19119103.189.5110.8
Mar-19120104.188.9111.4

Source: MEPS Industrial Purchasing Price Index

Index – January 2007=100

Copyright © 2020 by MEPS International Ltd.


MEPS International Industry Sectors


World Raw Material Steel Price Index

Month Raw Material Weighted AverageSemi-Finished Weighted AverageScrapBillet
Feb-2064.270.764.366.7
Jan-2068.865.569.671.9
Dec-1963.568.16563.5
Nov-1960.867.261.467.7
Oct-1960.666.857.765.5
Sep-1963.067.962.166.6
Aug-1964.871.666.770.6
Jul-1975.373.768.373.6
Jun-1975.674.768.173.6
May-1974.977.272.074.6
Apr-1974.177.675.176.1
Mar-1973.677.978.077.5

Source: MEPS Raw Materials & Semi-Finished Steel Index

Index – Jan 2012 = 100
Copyright © 2020 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.

worldsteelprices.com is owned by MEPS International Ltd.
Copyright © 2020 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.
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