Steel Prices Today
Steel plays an important role in modern industry and is widely used in construction, mechanical engineering and everyday life. The cost of steel production is one of the main factors affecting prices in the global market – In the last few years, the steel market has been faced with overcapacity in steel production, which has put pressure on global prices as there are few sustainable demand growth points in the world. Expana not only tracks today’s steel prices in all major regions of the world; We also forecast 25 steel price series using world-leading methodology. Our product coverage ranges from benchmark raw material prices to end products that are used in major consuming industries.
Expana – global partner of choice steel commodity prices and global market intelligence
Through regular engagement with industry leaders, Expana delivers deep insights into global steel prices and market trends. Trusted by buyers, analysts, and procurement teams, our data helps businesses understand real-time steel prices today, price movements, supply-demand shifts, and broader industry sentiment. Expana Indices support confident decision-making across a range of industries by offering frequent, transparent price updates and strategic insight.
Our steel coverage includes:
- 150 industry-leading steel price indices and benchmark prices across global markets
- comprehensive coverage, from Chinese hot rolled coil to United States galvanised steel
- real-time intelligence on steel prices, supply and demand, trade, and market sentiment
- cost trend analyses of logistics and energy trends
- investigation of the dynamics of consuming industries, such as construction, automotive, household appliances, packaging and others
- world-leading steel price forecasting up to two years into the future
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Unbiased and independent insights and analysis for the steel industry
Trusted data and insights, backed by experts
With Expana, you can trust that our data has been thoroughly vetted by top market analysts to ensure it is both accurate and reliable.
Our steel forecasting methodology
Expana’s steel price forecasts are grounded in a comprehensive analysis of commodities’ market dynamics. Our robust methodology integrates macro-economic, fundamental, and technical analyses, providing solid recommendations and driving effective decision-making in the steel commodity market.
- The fundamental analysis offers an overview of the current steel supply-and-demand balance, detailing developments in production, consumption, inventory, and cost drivers. It also examines factors such as speculation, price seasonality, and volatility
- The technical analysis employs indicators such as moving averages, MACD and RSI to anticipate changes in price movements
- Finally, the macro-economic analysis explores global manufacturing sector developments, and their impact on commodity prices, presenting key indicators such as GDP, unemployment, inflation, and interest rates for major regions.
The breadth and depth of Expana’s analysis ensure that our steel forecasts are accurate, reliable, and actionable. This comprehensive approach equips businesses with the knowledge and foresight needed to navigate the market confidently, seize opportunities, and mitigate risks.
Use cases
Efficiency
Save time and improve productivity with our actionable insights.
Cost control
Navigate market challenges and maximize long-term success.
Profitability
Utilize our data, market fundamentals, and forecasting expertise to gain a financial edge.
Risk mitigation
Manage risks proactively and minimize your exposure to price fluctuations.
Essential intelligence for industry professionals
Expana delivers essential intelligence to industry professionals across the plastic and metal products industries, ensuring business leaders stay informed about the latest prices and industry trends, enabling them to effectively navigate disruptions, manage prices, and deliver value to their customers.
Steel Market FAQs
Key influences include:
- Raw material costs (iron ore, coking coal, scrap)
- Global economic conditions and construction activity
- Supply and demand fundamentals
- Trade policies (tariffs, quotas)
- Energy costs
- Environmental regulations
Steel prices can change quickly due to shifts in raw material prices, government policies, demand fluctuations (especially from the construction and automotive sectors), and global supply disruptions.
- Hot-rolled coil (HRC)
- Cold-rolled coil (CRC)
- Rebar
- Steel billets
- Wire rod
- Stainless steel
Steel is generally traded through long-term contracts, spot markets, and, increasingly, on commodities exchanges—such as the Shanghai Futures Exchange (SHFE) and the London Metal Exchange (LME)—using steel futures or options.