Steel (USA) prices averaged USD 924 per metric ton in March, up 17.8% from February. On 31 March, the commodity traded at USD 890 per metric ton, down 2.4% from 28 February.
Prices extended their gains in March as the 25% U.S. tariff on all imported steel came into force on 12 March. That said, prices cooled slightly in late March as market participants adjusted to the new conditions and heightened uncertainty regarding future tariffs hampered U.S. manufacturing activity.
This chart displays Steel (USA) (US$/mt) from 2023 to 2025.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | - | 1,053 | 794 | 903 | 941 | 786 | 684 | 697 | 802 | - | - | - |