What is the current steel price?

The current steel price is $0.00 per metric ton. Prices are updated in real-time from major exchanges.

Is steel price going up or down?

Check our live chart for the latest steel price movements.

Where is steel traded?

Steel is traded on LME. Our prices are sourced from these major global exchanges.

How is steel priced and traded?

Unlike spot LME contracts for non-ferrous metals, steel is priced via a mix of regional benchmarks: LME steel scrap and steel rebar contracts, the SHFE rebar and hot-rolled coil contracts, and physical-market assessments from price reporting agencies. Producers and end-users use these contracts to hedge raw-material exposure.

What drives steel prices?

Steel prices are driven by iron ore and coking coal input costs, scrap availability, regional construction and automotive demand, and trade policy (tariffs, anti-dumping duties). Chinese demand and policy decisions are particularly influential because China produces over half of the world's steel.

Steel Price Today | Live JBP Chart & Data

Written by

MetalCharts Editorial

Published December 1, 2025· Updated June 6, 2026

The current steel spot price is $3160.42 per metric ton, -0.07% over the past 24 hours.

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About Steel

Steel is an iron-carbon alloy and the most widely produced metal in the world. The LME's steel scrap and steel rebar contracts give producers, traders, and end-users a way to hedge price risk in construction, automotive, and infrastructure supply chains.

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Frequently Asked Questions About Steel

How is steel priced and traded?: Unlike spot LME contracts for non-ferrous metals, steel is priced via a mix of regional benchmarks: LME steel scrap and steel rebar contracts, the SHFE rebar and hot-rolled coil contracts, and physical-market assessments from price reporting agencies. Producers and end-users use these contracts to hedge raw-material exposure.
What drives steel prices?: Steel prices are driven by iron ore and coking coal input costs, scrap availability, regional construction and automotive demand, and trade policy (tariffs, anti-dumping duties). Chinese demand and policy decisions are particularly influential because China produces over half of the world's steel.

Steel Price Today