Steel (USA) prices averaged USD 723 per metric ton in June, down 8.2% from May. On 28 June, the commodity traded at USD 674 per metric ton, down 11.4% from 31 May.
Prices continued to fall in June on the back of a sustained malaise in the construction and manufacturing sectors. In May, U.S. new home completions fell to the slowest pace since June 2020. In addition, ISM survey data hinted at a deepening downturn in the manufacturing sector.
This chart displays Steel (USA) (US$/mt) from 2022 to 2024.
Hot Rolled Coil Steel USA (prices in US$/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 | - | - |