Steel (USA) prices averaged USD 1,196 per metric ton in August, up 3.1% from July. On 31 August, the commodity traded at USD 1,207 per metric ton, up 1.3% from 31 July.
U.S. steel prices rose for the eleventh month in a row in August, reaching their highest level since 2022. Prices likely continued to be boosted by the U.S. government’s protectionist measures, which have resulted in lower imports so far this year.
This chart displays Steel (USA) (US$/mt) from 2024 to 2026.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | Q4 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | - | - | 684 | 697 | 802 | 896 | 839 | 861 | 983 | 1,089 | - | - |