World Steel Prices

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.


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

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


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

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


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

To discover more about Industry Sector Price Tables follow the link to 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

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

Europe Steel Prices

North America Steel Prices

Asia Steel Prices

Stainless Steel Prices

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