U.S. steel prices declined in May as manufacturing activity weakened in the U.S. Prices for U.S. steel averaged USD 1,088 per metric ton in May, which was 6.0% lower than April’s price and was down 18.7% from the same month last year. Meanwhile, on 31 May, hot-rolled coil steel traded at USD 934 per metric ton, which was down 12.6% from the same day of the previous month.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
|Q1 2021||Q2 2021||Q3 2021||Q4 2021||Q1 2022||Q2 2022||Q3 2022||Q4 2022|
|Hot Rolled Coil Steel USA||-||1,526||1,873||1,742||1,215||1,308||834||695|