Steel Price Index

Steel price index chart - stay up to date and see historical global steel price development. Want access to additional data to gain unique insights into steel indices, prices, forecasts, and production trends worldwide? Gain access to the cost data you need from Prognos.

Steel Price Index Chart

Price development

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Steel is an alloy of iron and carbon and has 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 also 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 possesses the properties to be infinitely recycled.

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The Prognos System gathers data from multiple sources to give you up to data in one place. Access the steel price index charts and cost data you need to stay up to date and gain unique insights into steel indices, prices, 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.


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 Defense

Steel Indices - Updates

MPI Basic iron, steel & ferro-alloys
Decreased by 3.06% in Jul 2023 compared to Jun 2023.
Decreased by 23.82% in Jul 2023 compared to Jul 2022.

MPI HR steel sheet & strip
Decreased by 2.1% in Nov 2022 compared to Oct 2022.
Decreased by 44.57% in Nov 2022 compared to Nov 2021.