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Steel mill prices rose 27.6% in the year to September 2026, the largest gain since May 2022

The producer price index for steel mill products rose 2.2% in September 2026 to 388.58, 27.6% above a year earlier and its tenth monthly gain in a row.

388.58 Index, September 2026 · +2.2% on the month · +27.6% on the year

Steel mill prices rose for a tenth month in September 2026 while scrap fell

Producer price indexes, steel mill products (WPU1017) and iron and steel scrap (WPU1012), both 1982=100, not seasonally adjusted, monthly since September 2016

Steel mill prices rose for a tenth month in September 2026 while scrap fellLine chart with 121 points from September 2016 to September 2026, in Index. Series: Steel mill products, Iron and steel scrap. Values range from 172 to 859.02004006008001,00020182020202220242026September 2016: 174.70October 2016: 172.20November 2016: 171.50December 2016: 173.90January 2017: 178.10February 2017: 183.10March 2017: 186.40April 2017: 187.80May 2017: 190.40June 2017: 190.90July 2017: 193.70August 2017: 188.30September 2017: 189.30October 2017: 187.70November 2017: 186.00December 2017: 186.90January 2018: 187.20February 2018: 191.40March 2018: 195.60April 2018: 200.50May 2018: 208.50June 2018: 213.90July 2018: 217.70August 2018: 222.30September 2018: 225.30October 2018: 223.40November 2018: 224.40December 2018: 223.00January 2019: 220.80February 2019: 215.30March 2019: 215.60April 2019: 212.10May 2019: 210.40June 2019: 206.30July 2019: 200.90August 2019: 198.10September 2019: 196.90October 2019: 194.70November 2019: 190.20December 2019: 187.40January 2020: 187.30February 2020: 187.40March 2020: 188.70April 2020: 187.40May 2020: 182.60June 2020: 181.50July 2020: 180.80August 2020: 177.60September 2020: 177.70October 2020: 180.50November 2020: 184.80December 2020: 197.20January 2021: 208.00February 2021: 228.80March 2021: 266.40April 2021: 310.20May 2021: 321.80June 2021: 343.40July 2021: 380.19August 2021: 399.07September 2021: 418.47October 2021: 435.67November 2021: 448.75December 2021: 449.71January 2022: 441.50February 2022: 400.07March 2022: 376.60April 2022: 386.66May 2022: 427.40June 2022: 420.18July 2022: 404.11August 2022: 384.89September 2022: 357.59October 2022: 337.21November 2022: 326.70December 2022: 315.63January 2023: 308.02February 2023: 315.26March 2023: 318.19April 2023: 329.71May 2023: 347.22June 2023: 345.80July 2023: 329.45August 2023: 322.94September 2023: 311.52October 2023: 304.11November 2023: 297.97December 2023: 305.13January 2024: 321.39February 2024: 332.52March 2024: 305.68April 2024: 297.57May 2024: 298.56June 2024: 293.27July 2024: 283.09August 2024: 275.28September 2024: 270.97October 2024: 273.42November 2024: 278.34December 2024: 266.51January 2025: 261.56February 2025: 268.87March 2025: 287.36April 2025: 303.83May 2025: 326.74June 2025: 309.23July 2025: 305.54August 2025: 308.77September 2025: 304.58October 2025: 300.67November 2025: 291.56December 2025: 312.41January 2026: 315.37February 2026: 325.11March 2026: 331.36April 2026: 341.57May 2026: 350.00June 2026: 359.96July 2026: 374.46August 2026: 380.35September 2026: 388.58September 2016: 324.20October 2016: 295.70November 2016: 328.80December 2016: 382.30January 2017: 435.70February 2017: 426.00March 2017: 462.10April 2017: 437.80May 2017: 434.60June 2017: 432.60July 2017: 433.30August 2017: 454.40September 2017: 463.20October 2017: 432.20November 2017: 419.50December 2017: 453.10January 2018: 497.30February 2018: 512.80March 2018: 535.70April 2018: 562.70May 2018: 554.10June 2018: 548.40July 2018: 538.80August 2018: 512.20September 2018: 490.70October 2018: 496.80November 2018: 515.90December 2018: 516.80January 2019: 476.90February 2019: 468.90March 2019: 494.90April 2019: 474.40May 2019: 443.70June 2019: 399.30July 2019: 382.60August 2019: 410.50September 2019: 365.40October 2019: 321.60November 2019: 340.80December 2019: 381.20January 2020: 428.50February 2020: 398.00March 2020: 402.90April 2020: 354.10May 2020: 372.90June 2020: 379.50July 2020: 357.90August 2020: 375.50September 2020: 421.20October 2020: 422.60November 2020: 429.50December 2020: 536.10January 2021: 655.50February 2021: 604.90March 2021: 653.90April 2021: 632.20May 2021: 659.00June 2021: 725.50July 2021: 740.13August 2021: 727.19September 2021: 694.59October 2021: 691.58November 2021: 752.65December 2021: 739.06January 2022: 689.36February 2022: 687.35March 2022: 858.64April 2022: 859.24May 2022: 756.58June 2022: 679.74July 2022: 593.86August 2022: 546.38September 2022: 527.72October 2022: 510.01November 2022: 493.08December 2022: 517.66January 2023: 570.52February 2023: 606.17March 2023: 664.40April 2023: 651.12May 2023: 617.72June 2023: 557.44July 2023: 539.55August 2023: 543.90September 2023: 547.50October 2023: 534.76November 2023: 554.97December 2023: 608.79January 2024: 620.16February 2024: 603.85March 2024: 556.23April 2024: 543.77May 2024: 541.48June 2024: 521.21July 2024: 522.50August 2024: 520.71September 2024: 516.39October 2024: 526.36November 2024: 527.91December 2024: 514.75January 2025: 530.87February 2025: 574.37March 2025: 607.86April 2025: 567.26May 2025: 538.24June 2025: 531.51July 2025: 528.84August 2025: 530.29September 2025: 527.24October 2025: 517.24November 2025: 519.89December 2025: 532.39January 2026: 563.11February 2026: 600.08March 2026: 614.79April 2026: 600.26May 2026: 596.47June 2026: 598.04July 2026: 589.77August 2026: 582.97September 2026: 580.95388.58Steel mill products580.95Iron and steel scrap
Steel mill prices rose for a tenth month in September 2026 while scrap fellLine chart with 121 points from September 2016 to September 2026, in Index. Series: Steel mill products, Iron and steel scrap. Values range from 172 to 859.05001,000201920222025September 2016: 174.70October 2016: 172.20November 2016: 171.50December 2016: 173.90January 2017: 178.10February 2017: 183.10March 2017: 186.40April 2017: 187.80May 2017: 190.40June 2017: 190.90July 2017: 193.70August 2017: 188.30September 2017: 189.30October 2017: 187.70November 2017: 186.00December 2017: 186.90January 2018: 187.20February 2018: 191.40March 2018: 195.60April 2018: 200.50May 2018: 208.50June 2018: 213.90July 2018: 217.70August 2018: 222.30September 2018: 225.30October 2018: 223.40November 2018: 224.40December 2018: 223.00January 2019: 220.80February 2019: 215.30March 2019: 215.60April 2019: 212.10May 2019: 210.40June 2019: 206.30July 2019: 200.90August 2019: 198.10September 2019: 196.90October 2019: 194.70November 2019: 190.20December 2019: 187.40January 2020: 187.30February 2020: 187.40March 2020: 188.70April 2020: 187.40May 2020: 182.60June 2020: 181.50July 2020: 180.80August 2020: 177.60September 2020: 177.70October 2020: 180.50November 2020: 184.80December 2020: 197.20January 2021: 208.00February 2021: 228.80March 2021: 266.40April 2021: 310.20May 2021: 321.80June 2021: 343.40July 2021: 380.19August 2021: 399.07September 2021: 418.47October 2021: 435.67November 2021: 448.75December 2021: 449.71January 2022: 441.50February 2022: 400.07March 2022: 376.60April 2022: 386.66May 2022: 427.40June 2022: 420.18July 2022: 404.11August 2022: 384.89September 2022: 357.59October 2022: 337.21November 2022: 326.70December 2022: 315.63January 2023: 308.02February 2023: 315.26March 2023: 318.19April 2023: 329.71May 2023: 347.22June 2023: 345.80July 2023: 329.45August 2023: 322.94September 2023: 311.52October 2023: 304.11November 2023: 297.97December 2023: 305.13January 2024: 321.39February 2024: 332.52March 2024: 305.68April 2024: 297.57May 2024: 298.56June 2024: 293.27July 2024: 283.09August 2024: 275.28September 2024: 270.97October 2024: 273.42November 2024: 278.34December 2024: 266.51January 2025: 261.56February 2025: 268.87March 2025: 287.36April 2025: 303.83May 2025: 326.74June 2025: 309.23July 2025: 305.54August 2025: 308.77September 2025: 304.58October 2025: 300.67November 2025: 291.56December 2025: 312.41January 2026: 315.37February 2026: 325.11March 2026: 331.36April 2026: 341.57May 2026: 350.00June 2026: 359.96July 2026: 374.46August 2026: 380.35September 2026: 388.58September 2016: 324.20October 2016: 295.70November 2016: 328.80December 2016: 382.30January 2017: 435.70February 2017: 426.00March 2017: 462.10April 2017: 437.80May 2017: 434.60June 2017: 432.60July 2017: 433.30August 2017: 454.40September 2017: 463.20October 2017: 432.20November 2017: 419.50December 2017: 453.10January 2018: 497.30February 2018: 512.80March 2018: 535.70April 2018: 562.70May 2018: 554.10June 2018: 548.40July 2018: 538.80August 2018: 512.20September 2018: 490.70October 2018: 496.80November 2018: 515.90December 2018: 516.80January 2019: 476.90February 2019: 468.90March 2019: 494.90April 2019: 474.40May 2019: 443.70June 2019: 399.30July 2019: 382.60August 2019: 410.50September 2019: 365.40October 2019: 321.60November 2019: 340.80December 2019: 381.20January 2020: 428.50February 2020: 398.00March 2020: 402.90April 2020: 354.10May 2020: 372.90June 2020: 379.50July 2020: 357.90August 2020: 375.50September 2020: 421.20October 2020: 422.60November 2020: 429.50December 2020: 536.10January 2021: 655.50February 2021: 604.90March 2021: 653.90April 2021: 632.20May 2021: 659.00June 2021: 725.50July 2021: 740.13August 2021: 727.19September 2021: 694.59October 2021: 691.58November 2021: 752.65December 2021: 739.06January 2022: 689.36February 2022: 687.35March 2022: 858.64April 2022: 859.24May 2022: 756.58June 2022: 679.74July 2022: 593.86August 2022: 546.38September 2022: 527.72October 2022: 510.01November 2022: 493.08December 2022: 517.66January 2023: 570.52February 2023: 606.17March 2023: 664.40April 2023: 651.12May 2023: 617.72June 2023: 557.44July 2023: 539.55August 2023: 543.90September 2023: 547.50October 2023: 534.76November 2023: 554.97December 2023: 608.79January 2024: 620.16February 2024: 603.85March 2024: 556.23April 2024: 543.77May 2024: 541.48June 2024: 521.21July 2024: 522.50August 2024: 520.71September 2024: 516.39October 2024: 526.36November 2024: 527.91December 2024: 514.75January 2025: 530.87February 2025: 574.37March 2025: 607.86April 2025: 567.26May 2025: 538.24June 2025: 531.51July 2025: 528.84August 2025: 530.29September 2025: 527.24October 2025: 517.24November 2025: 519.89December 2025: 532.39January 2026: 563.11February 2026: 600.08March 2026: 614.79April 2026: 600.26May 2026: 596.47June 2026: 598.04July 2026: 589.77August 2026: 582.97September 2026: 580.95388.58Steel mill products580.95Iron and steel scrap
  • Steel mill products
  • Iron and steel scrap
June through September 2026 are preliminary. Scrap prices swing more than mill prices from month to month. Source: fred.stlouisfed.org
DateTrendCategoryTitleSummary
PricesSteel mill prices rose 27.6% in the year to September 2026, the largest gain since May 2022 FeatureThe producer price index for steel mill products rose 2.2% in September 2026 to 388.58, 27.6% above a year earlier and its tenth monthly gain in a row.