Steel (USA) prices averaged USD 805 per metric ton in March, down 12.9% from February. On 29 March, the commodity traded at USD 860 per metric ton, up 8.2% from 29 February.
Prices averaged below February levels in March due to high prices in early February. That said, steel prices trended up in March and closed the month on a high note, spurred by a strong recovery in manufacturing activity: Factory output growth hit a 22-month high in March, according to PMI data.
This chart displays Steel (USA) (US$/mt) from 2022 to 2024.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | - | - | - | - | - | 1,308 | 834 | 695 |