Steel (USA) prices averaged USD 1,290 per metric ton in October, up 5.0% from September. On 30 October, the commodity traded at USD 1,347 per metric ton, up 5.6% from 30 September.
U.S. steel prices rose for the 13th straight month in October, reaching an over two-year high and increasing 37% year to date. U.S. protectionist measures—which have curbed steel imports so far this year—likely continued to prop up prices, while domestic production disruptions that tightened supply provided further support.
This chart displays Steel (USA) (US$/mt) from 2024 to 2026.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | - | - | - | 697 | 802 | 896 | 839 | 861 | 983 | 1,089 | 1,196 | - |