Steel (USA) prices averaged USD 884 per metric ton in May, down 5.0% from April. On 30 May, the commodity traded at USD 840 per metric ton, down 3.0% from 30 April.
Prices fell in recent weeks due to downbeat manufacturing output in May and an unexpected decline in construction activity in April. Nonetheless, prices spiked in early June after President Trump hiked tariffs on U.S. steel imports from 25% to 50%.
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 | - | 1,053 | 794 | 903 | 941 | 786 | 684 | 697 |