US steel mill products PPI
Latest reading: 281 Index (April 2026)
- 1-month change
- +4.1%
- 3-month change
- +10.0%
- 12-month change
- +14.6%
- Source
- FRED PCU33113311
Price history
Observations
| Date | Value (Index) |
|---|---|
| Apr 1, 2026 | 281.12 |
| Mar 1, 2026 | 270.06 |
| Feb 1, 2026 | 264.63 |
| Jan 1, 2026 | 255.61 |
| Dec 1, 2025 | 254.13 |
| Nov 1, 2025 | 235.22 |
| Oct 1, 2025 | 245.82 |
| Sep 1, 2025 | 249.03 |
| Aug 1, 2025 | 252.45 |
| Jul 1, 2025 | 247.55 |
| Jun 1, 2025 | 251.16 |
| May 1, 2025 | 269.64 |
What the data shows
As of April 2026, us steel mill products ppi stands at 281 Index (FRED: PCU33113311). That is +14.6% versus April 2025 (245 Index), a notably higher trajectory over the past year. Over the last three months the series has moved +10.0% and notably higher; month-on-month it is +4.1% and modestly higher. The trailing twelve-month range runs from 235 Index to 281 Index. Procurement teams tracking US metals exposure should treat this series as a monthly benchmark when repricing contracts, modelling cost-pass-through, or reviewing supplier indexation clauses.
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