MEPS - WORLD STAINLESS STEEL PRICES

All prices are in US Dollars per tonne

Month  Hot Rolled Coil (304)  Hot Rolled Coil (316)  Hot Rolled Plate (304)  Hot Rolled Plate (316)  Cold Rolled Coil (304)  Cold Rolled Coil (316)  Cold Rolled Coil (430)  Drawn Bar (304)  Drawn Bar (316)  
Aug-2016  1939  2792  2253  3131  2117  2983  1655  2394  3313 
Sep-2016  1992  2863  2300  3195  2167  3050  1654  2468  3406 
Oct-2016  1958  2821  2257  3145  2128  3005  1652  2457  3392 
Nov-2016  2037  2876  2333  3204  2206  3058  1669  2506  3421 
Dec-2016  2094  2939  2395  3281  2263  3121  1686  2551  3462 
Jan-2017  2277  3112  2585  3460  2455  3301  1793  2679  3599 
Feb-2017  2338  3182  2639  3528  2508  3365  1902  2705  3613 
Mar-2017  2283  3114  2584  3461  2454  3298  1877  2694  3602 
Apr-2017  2307  3182  2612  3526  2480  3369  1885  2748  3694 
May-2017  2242  3134  2546  3480  2419  3326  1869  2680  3642 
Jun-2017  2129  2996  2459  3372  2330  3212  1848  2615  3558 
Jul-2017  Latest prices available on subscription
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Copyright © 2017 by MEPS International Ltd.

Prices in the above table are for reference only. No data may be reprodcued in any manner whatsoever without written permission from MEPS.

To calculate an index number, divide the selected month’s price by the starting (base) value. Then multiply by 100. For example: Index number = ($720 / $500) x 100 = 144. To calculate the month-on-month percentage change, divide this month’s value by last month’s value. Then subtract 1 and multiply by 100. For example: Percentage change = (120 / 110) -1) x 100 = +9%.

All price and market data is researched by MEPS staff and our local correspondents. The information in the tables, charts and commentaries have been calculated from respondents who we consider provide accurate intelligence on the relevant steel markets. We make our best endeavours to be assured that the information is correct and that our analysis is reliable.

Our predictions are based on a wide experience of steel consumption patterns. The econometric models we have constructed take into account raw material costs, macro-economic factors, past price trends and the dynamics of the market. However, steel prices can be influenced by a number of other factors. These include currency exchange rates,  trade regulations including import safeguard measures, anti-dumping actions and other government interference in normal trade patterns. More than one third of all steel produced is sold outside the country of manufacture. Accordingly, changes in market conditions in one country can impact on pricing in other parts of the world. Consequently, these forecasts should be used only as a guide to future tendencies. MEPS (INTERNATIONAL) LTD cannot be made liable for any loss resulting from the use of this data however it may arise.
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