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Price of Steel

world steel prices

Recent pricing history - finished products

Price of carbon steel products in US $ / metric tonne.
Please get a paid subscription to access earlier price data (from January 2008).
Please get a paid subscription to access more recent price data.

Table last updated: 23rd February 2021. Next update: ~ 24th March 2021.

Notes and definitions

1) World steel prices are in US dollars per metric tonne. They describe average monthly world export fob prices.

2) Product definitions are as follows (for further detail, see harmonised system 6-digit codes listed below). For further information on HS codes, visit U.N. trade statistics website.

  • HRC, wide strip unpickled hot rolled sheet and coil <3mm gauge.
  • CRC, cold rolled coil or sheet 0.5-1mm thick.
  • HDG, hot dip zinc galvanised sheet or coil [often also called GI, galvanised iron] width > 600mm.
  • OCS, organic coated sheet with HDG substrate [also called PPGI or pre-painted galvanised iron].
  • Tinplate, sheet under 0.5mm gauge.
  • Rebar prices are for hot rolled deformed reinforcing bar (excl rod).

3) Pricing data is compiled by MCI. It originates from national customs statistics of larger exporting countries. Figures cover the following 6-digit codes within the harmonised tariff schedule: Hot rolled steel coil 720839, Cold rolled sheet and coil 720917, HDG or galvanised iron 721049, OCS or PPGI 721070, tinplate 721012, rebar 721420.

4) Note that the latest price points (the last two months in particular) for each product may change, as more current customs data becomes available from world markets.

5) Final data point normally shows steel prices per ton that are ~2 months old. This is because a short time delay is necessary for data collection.

6) Please contact us for other product pricing data covering heavy plate, merchant bar, light sections, rod, drawn wire, carbon or stainless pipe and tube etc.

The metals price cycle

World steel prices typically move through peaks and troughs, in a so-called price cycle that typically lasts several years. Across this cycle, the price of steel can easily change by +/- 20% or more. Feel free to contact us for further information about pricing trends; about the next price cycle or for related projections covering metal prices or steelmaking raw material costs.

More metal prices - other cost and pricing information resources

For other online information see London Metal Exchange (LME) rebar cost page.

For historic graphs, see our price charts page.

latest metal prices


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