MPI Basic iron, steel & ferro-alloys - Price Index (Euro/ton)
Steel - Overview
Steel is an alloy of iron and carbon and has great strength and fracture resistance. Steel is one of the world’s most important materials due to its high tensile strength and low price. It is also one of the world’s most-recycled materials with a global recycling rate of over 60% due to it being very easy to recycle and possesses the properties to be infinitely recycled.
Industries
Steel is used within pretty much every aspect of our lives; cars, construction products, refrigerators, washing machines, cargo ships, and surgical scalpels. It is primarily used within the following industries:
- Buildings & infrastructure
- Mechanical equipment
- Automotive & transport
- Domestic appliances
- Electrical equipment
- Security and Defense
How can we help?
The Prognos System gathers data from multiple sources to give you up to data in one place. Access the steel price index charts and cost data you need to stay up to date and gain unique insights into steel indices, prices, forecasts, and production trends. Prepare your fact-based negotiations with Prognos to get the most out of your suppliers, with data tailored for your specific situation.
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Erik Lehman
Business Developer, New Customer Contact