Alloy Steel Price Index

Alloy steel price index chart - stay up to date and see historical global alloy steel price development. Want access to additional data to gain unique insights into the producer price index for alloy steel, indices, forecasts, and production trends worldwide? Contact Prognos and gain access to the cost data and alloy steel charts you need in order to make the most out of your suppliers, with alloy steel cost data tailored for your needs.

Alloy steel Price Index Chart

Price development

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What is alloy steel?

Alloy steel is steel that is alloyed with a variety of elements like nickel, chromium, tungsten, molybdenum, etc. Alloy steels are broken down into two groups: low-alloy steels (less than 8% alloying elements) and high-alloy steels (more than 8% alloying elements). Alloying elements can alter steel in several ways, including micro-structures, heat-treatment conditions, and mechanical properties.

Alloy steel

Alloy steel (as compared to carbon steels) has a wide range of properties like strength, hardness, toughness, wear resistance, corrosion resistance, hardenability, due to which makes it suitable for high demanding applications like turbine blades, nuclear reactors etc. It also has applications that require resistance to extreme conditions of heat and/or corrosion, e.g. seamless superheater and high-temperature tubes.

Alloy steel finds uses in a wide range of applications, from everyday hand tools and flatware to highly demanding applications such as the production of turbine blades of jet engines or nuclear reactors.


Alloy steel has many uses in a variety of industries such as:

  • Automobiles
  • Mining
  • Machinery and equipment
  • Railways
  • Road construction
  • Buildings
  • Appliances
  • Off-shore applications

UVE Wire of alloyed steel HS 72299090
Increased by 9.89% in Jun 2023 compared to May 2023.
Increased by 40.92% in Jun 2023 compared to Jun 2022.

Price of alloy steel

Alloy steels have specific properties needed for a wide variety of applications within different industries. As such, the alloy steel price may vary greatly based on the different grades compromising a composition of alloying elements, the process of manufacture, and size.

If you’re looking for a specific alloy steel chart or want more information about the alloy steel cost, contact us and we’ll help you access the cost data you need.

Alloy Steel Price Development

UVE Wire of alloyed steel HS 72299090
Increased by 4.76% in Jun 2022 compared to May 2022.
Increased by 2.28% in Jun 2022 compared to Jun 2021.

How can we help?

The Prognos System gathers data from multiple sources to give you up to date data in one place. Access the alloy steel price index charts and cost data you need to stay up to date and gain unique insights into alloy steel prices, rates, indices, forecasts, and production trends. Prepare your fact-based negotiations with Prognos to get the most out of your suppliers, with data tailored for your specific situation.


Is alloy steel cheaper than stainless steel?

Since steel alloys have specific properties needed for specific applications, the alloy steel price may vary greatly based on the composition of the alloying steel, the process of manufacture, and size. The same can be said about stainless steel. As such, asking if the alloy steel price is lower or higher than the price of stainless steel depends on the steels you are comparing.

How many types of alloy steels are there?

Alloy steels are primarily categorized into two groups by their alloy percentage:

  • High-alloy steel: Defined by a high percentage of alloying elements in the steel, more than 8%.
  • Low-alloy steel: Defined by a low percentage of alloying elements in the steel, less than 8%.

Alloy steels are sometimes categorized by type based on the type of alloy and its concentration. Here are a few of the most common additions to alloy steel:

  • Aluminum removes oxygen, sulfur, and phosphorus from steel.
  • Bismuth improves machinability.
  • Chromium increases wear resistance, hardness, and toughness.
  • Cobalt increases stability and encourages the formation of free graphite.
  • Copper improves hardening and corrosion resistance.
  • Manganese increases hardenability, ductility, wear resistance, and high-temperature strength.
  • Molybdenum lowers carbon concentration and adds room-temperature strength.
  • Nickel improves strength, corrosion resistance, and oxidation resistance.
  • Silicon increases strength and magnetism.
  • Titanium improves hardness and strength.
  • Tungsten improves hardness and strength.
  • Vanadium increases toughness, strength, corrosion resistance, and shock resistance.