Semi finished steel price October 2024 and outlook (see chart below)
- North America:US$0.96/KG, unchanged
- Europe:US$0.73/KG, 1.4% up
- Northeast Asia:US$0.91/KG, -6.2% down
- India:US$0.59/KG, unchanged
Semi finished steel price index
This post is a summary of the Semi finished steel price developments. The price developments of Semi finished steel are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Semi finished steel price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Semi finished steel prices is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Semi finished steel prices
- Recent price developments of underlying feedstocks which drive the price of Semi finished steel
- Market futures for both cost drives and feedstocks of Semi finished steel prices
- Adjustment of current supply/demand imbalances in the Semi finished steel market
- Longer term trends in likely demand conditions
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