CRU: Global Steel Prices at Record High

By CRU Principal Analyst Josh Spoores, from CRU’s Steel Monitor

Global steel prices, as measured by the CRUspi index, have increased for the 10th consecutive month, gaining 9.4% m/m and 116% y/y. This index now stands at 301.1, a new record high. This index continues to be supported by higher finished steel prices across all regions. The only exception to this was a few long product markets which were flat m/m.