Steel (USA) prices averaged USD 874 per metric ton in June, down 1.0% from May. On 30 June, the commodity traded at USD 880 per metric ton, up 4.8% from 30 May.
Prices jumped in early June after Trump hiked tariffs on U.S. steel imports from 25% to 50%. That said, the rise was short-lived as U.S. steel inventories remained elevated, demand for the metal was downbeat and the import requirement was lower than that of other metals such as aluminium.
This chart displays Steel (USA) (US$/mt) from 2023 to 2025.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | - | - | 794 | 903 | 941 | 786 | 684 | 697 |