Steel (USA) prices averaged USD 689 per metric ton in December, down 0.8% from November. On 31 December, the commodity traded at USD 709 per metric ton, up 1.3% from 29 November.
U.S. steel traded below November prices in December, dented by a sharper downturn in the country’s manufacturing sector at the tail-end of the year: Survey data for December revealed that output in the manufacturing sector fell at the steepest rate in over a year.
This chart displays Steel (USA) (US$/mt) from 2023 to 2024.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | 890 | 1,053 | 794 | 903 | 941 | 786 | 684 | 697 |