Steel

Steel is an alloy of iron and carbon and has a great strength and fracture resistance. Steel is one of the world’s most important materials due to its high tensile strength and low price.

Steel Price Index Chart

Price development

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OVERVIEW

Steel is an alloy of iron and carbon and has a great strength and fracture resistance. Steel is one of the world’s most important materials due to its high tensile strength and low price. It is one of the world’s most-recycled materials with a global recycling rate of over 60% due to it being very easy to recycle and to be infinitely recycled.

Industries

Steel is used within pretty much every aspect of our lives; cars, construction products, refrigerators, washing machines, cargo ships and surgical scalpels. It is primarily used within the following industries

  • Buildings & infrastructure
  • Mechanical equipment
  • Automotive & transport
  • Domestic appliances
  • Electrical equipment
  • Security and Defence

MPI Basic iron, steel & ferro-alloys
Increased by 8.32% in May 2021 compared to Apr 2021.
Increased by 31.95% in May 2021 compared to May 2020.

MPI HR steel sheet & strip
Increased by 6.83% in May 2021 compared to Apr 2021.
Increased by 113.3% in May 2021 compared to May 2020.