Steel (USA) prices averaged USD 832 per metric ton in August, down 5.0% from July. On 29 August, the commodity traded at USD 793 per metric ton, down 5.8% from 31 July.
Prices declined in August due to downbeat demand. The market is pricing in a tariff of 20–30%, instead of the current 50% rate, since domestic inventories remained elevated and steel mill lead times were near a four-year low. Meanwhile, domestic production rose, adding further downward pressure on prices.
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 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | - | - | 794 | 903 | 941 | 786 | 684 | 697 | 802 | 896 | - | - |