Steel (USA) prices averaged USD 694 per metric ton in November, down 2.0% from October. On 29 November, the commodity traded at USD 700 per metric ton, down 2.1% from 31 October.
Prices ticked down in November as U.S. manufacturing production remained in the doldrums during the month, according to survey data. Notably, prices did not rise following Trump’s reelection despite widespread expectations of higher tariffs on steel imports.
This chart displays Steel (USA) (US$/mt) from 2022 to 2024.
Hot Rolled Coil Steel USA (prices in US$/mt, aop)
| Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | |
|---|---|---|---|---|---|---|---|---|
| Hot Rolled Coil Steel USA | 890 | 1,053 | 794 | 903 | 941 | 786 | 684 | - |