World steel prices - flat & long products. logo

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 points (from January 2008).
Please get a paid subscription to access more recent price info.

Table last updated: 20th May 2024. Next update: ~ 20th June 2024.

Notes and definitions

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

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

  • HRC, wide strip unpickled hot rolled sheet and coil <3mm gauge.
  • CRC, cold rolled sheet 0.5-1mm thick.
  • HDG, hot dip zinc galvanised 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, 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 an analysis of national customs statistics of larger exporting countries. Figures cover the following 6-digit codes within the harmonised tariff schedule: Hot rolled coil 720839, Cold rolled sheet and coil 720917, HDG or galvanised iron 721049, OCS or PPGI 721070, tinplate 721012, reinforcing bar 721420.

4) Note that the latest price points (the last two months in particular) for each product may change, as more current customs declarations become available from international 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 costs of raw materials or 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

Global 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 +/- 30% or more. Feel free to contact us for further perspectives about pricing trends; about the next price cycle or for related projections covering world metal prices or steelmaking raw material or manufacturing costs.

More metal prices - other cost and pricing resources

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

For historic graphs, see our price charts report page.

latest metal prices


Get access to the latest steel industry news, prices and business intelligence.
Our subscriptions start from just $120 / year.

Copyright © 2001 - 2024 All rights reserved.
To contact us about the costs of flat or long products, please email