Iron and Steel Overview: Product Price Trends

product_price_trends

Derived from transaction prices reported in Purchasing Magazine, various issues.

The figure shows the transaction price for a variety of steel products. Prices have been increasing as a result of strong demand and also increased scrap prices that are exerting a cost push effect. The more complicated the processing required, the higher the costs. At the low end of the price spectrum are reinforcing bar (rebar) and wire rod. Galvanized and cold rolled sheet must meet more exacting quality standards and more extensive processing, so costs are nearly twice that of rebar. Stainless steel sheet (not shown) costs $2200-2600 per ton.

Steel Semiannual Monitoring Report, U.S. International Trade Commission, Publication 2878, April, 1995

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