Steel Price Index Chart
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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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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 4.02% in Aug 2022 compared to Jul 2022.
Increased by 20.14% in Aug 2022 compared to Aug 2021.
MPI HR steel sheet & strip
Increased by 4.17% in Jul 2022 compared to Jun 2022.
Increased by 13.78% in Jul 2022 compared to Jul 2021.