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Steel billet price index

This post is a summary of the Steel billet price developments. The price developments of Steel billet are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Steel billet price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.

The outlook for Steel billet prices is generated from different inputs including:

  • Very recent price developments of immediate cost drivers of Steel billet prices
  • Recent price developments of underlying feedstocks which drive the price of Steel billet
  • Market futures for both cost drives and feedstocks of Steel billet prices
  • Adjustment of current supply/demand imbalances in the Steel billet  market
  • Longer term trends in likely demand conditions

Further information on the steel billet price index

 

According to https://oec.world/ :

Iron and steel are the world’s 10th most traded product.

In 2020, the top exporters of Iron and steel were China ($33.8B), Japan ($23.4B), Germany ($22B), South Korea ($20.4B), and Russia ($16.2B).

In 2020, the top importers of Iron and steel were China ($34.4B), Germany ($20.5B), United States ($18.7B), Italy ($14.2B), and Turkey ($14B).

 

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Notes on the price-data

  • We aim to update the data series on the 11th and 25th of each month (but we do not always make it for each chart)
  • The data for the current month and recent history are fine-tuned over time.
  • We are continually improving our data collection and processing methods and data will be updated from time to time as we improve the accuracy
  • We are working hard to upgrade the algorithm before April 1, 2023 and a further fine-tune by July 1, 2023
  • This the index trend of the price of the product group in general and not a single specification in particular
  • The source of the data are exclusively public non-confidential sources
  • We combine public publications, import/export records, company announcements, and sources of ad-hoc public information.
  • The chart shows the price trend,  nearly always taken from many statistically-correlated sources 
  • The data is presented in US$. The UOM of measure is shown in the Index list table
  • We do our best to create an accurate representation of the trend
  • Although we believe the price trend to be accurate, we assume no responsibility or liability for any errors or omissions in the content of this site.
  • The information is provided on an “as is” basis with no guarantees of completeness, accuracy, usefulness, fitness for purpose or timeliness.
  • By their nature, outlooks are always uncertain
  • We are working on 500 additional indexes which will be released over time when we are content that it is accurate.
  • Feel free to contact us if you have a specific request.
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