Free Steel Prices

Next Update: 3rd December 2018

Prices in the tables below are for reference only. No data may be reproduced in any manner whatsoever without written permission from MEPS International Ltd or World Steel Prices.

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

MonthCARBON STEEL PRICECARBON STEEL INDEXSTAINLESS STEEL 304 PRICESTAINLESS STEEL 304 INDEX
Jun-18783196.22804149.4
May-18783196.22780148.2
Apr-18792198.52784148.4
Mar-18773193.72703144.0
Feb-187501882657141.7
Jan-18717179.12544135.6
Dec-17689172.72617139.4
Nov-17673168.72527134.7
Oct-17677169.72551135.9
Sep-17689172.12425129.2
Aug-17658164.92326124
Jul-17635159.12267120.8
Jun-17635159.12358125.7
May-17646161.92444130.3
Apr-17657164.72507133.6

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 © 2018 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
Jun-18767804845693791636
May-18767806850687785635
Apr-18781814864680788642
Mar-18762783847659764633
Feb-18719737819656758632
Jan-18677688782633743616
Dec-17647659753611710598
Nov-17629653738600691576
Oct-17631661740599695581
Sep-17643676759596716579
Aug-17612654735551691530
Jul-17589640706532668509

Source: MEPS Online Steel Prices

All prices sold ex-mill. Delivery not included.
Copyright © 2018 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
Jun-1810261027843766
May-1810061023816744
Apr-1810061012772724
Mar-18952935716681
Feb-18837827694664
Jan-18777757667642
Dec-17720707635614
Nov-17700697635589
Oct-17692719625596
Sep-17726761625587
Aug-17717765615577
Jul-17706773600776

Source: MEPS International Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2018 by MEPS (International) Ltd


Average Asia Carbon Steel Prices ($US/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Jun-18617649616579
May-18606632605568
Apr-18618643611579
Mar-18619637605579
Feb-18606619590578
Jan-18595610574577
Dec-17584597584581
Nov-17565582557543
Oct-17569581555539
Sep-17571582552543
Aug-17538550510511
Jul-17503527489482

Source: MEPS International Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2018 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
Jun-18562628530482
May-18575638534495
Apr-18586642537509
Mar-18586636537523
Feb-18571613547524
Jan-18548578546523
Dec-17535564515503
Nov-17533582520512
Oct-17537581526517
Sep-17531576515510
Aug-17489545446423
Jul-17490546447423

Source: MEPS European Steel Review

All prices sold ex-mill. Delivery not included.
Copyright © 2018 by MEPS (International) Ltd


Average Nordic Carbon Steel Prices (€/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Jun-18600658621506
May-18605662628512
Apr-18609664628522
Mar-18612668629532
Feb-18601646614536
Jan-18582624614535
Dec-17569602596511
Nov-17569607588515
Oct-17575612592520
Sep-17568595582492
Aug-17562588509427
Jul-17560585507424

Source: MEPS European Steel Review Supplement

All prices sold ex-mill. Delivery not included.
Copyright © 2018 by MEPS (International) Ltd


India Steel Prices (Rs/tonne)

MonthHR COILHR PLATEWIRE RODREBAR
Jun-1847000456504070039100
May-1846000455004040040400
Apr-1845600445003890038800
Mar-1844800445003820038200
Feb-1843500430003710038400
Jan-1841500420003800037000
Dec-1739500375003240032900
Nov-1739000370003060029900
Oct-1738500370003000029200
Sep-1738500380003160030500
Aug-1737500370003050030600
Jul-1734000340002900029600

Source: MEPS Online Indian Steel Prices

All prices sold ex-mill. Delivery not included.
Copyright © 2018 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 Steel Purchasing Price Index - Based on Steel Prices

MonthConstructionShipbuildingHousehold AppliancesMachinery
Jun-18122.2106.8102.4116.0
May-18121.8107.1103116.6
Apr-18122.5108.1104.2117.7
Mar-18119.9104.1101.8114.7
Feb-18119.198.498.6111
Jan-18115.692.195105.5
Dec-17111.788.291.5101.1
Nov-17108.587.390.199.3
Oct-17109.188.389.9100.2
Sep-17109.490.490.9102.6
Aug-17101.687.488.998.1
Jul-1798.085.586.495.1

Source: MEPS Industrial Purchasing Price Index

Index – January 2007=100

Copyright © 2018 by MEPS (International) Ltd


MEPS International Industry Sectors


World Raw Material Steel Price Index

Month Raw Material Weighted AverageSemi-Finished Weighted AverageScrapBillet
Jun-1867.687.680.783.1
May-1867.086.981.582.7
Apr-1867.888.781.983.9
Mar-1871.289.482.785.0
Feb-1872.1 87.480.783.2

Source: MEPS – Raw Material Steel Price Index

Index – Jan 2012 = 100
Copyright © 2018 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.

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Copyright © 2018 by MEPS International Ltd.
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