Steel average selling price per ton measures the average realized sales value for each ton of steel sold under an issuer's reporting definition.
A simplified calculation is:
average selling price per ton = applicable steel sales ÷ tons sold
Price per ton is the pricing leg of the revenue bridge
Steel revenue can be simplified as:
steel revenue ≈ tons shipped × average selling price per ton
Nucor reported that its steel-mills segment average sales price per ton increased from $1,041 in the second quarter of 2025 to $1,145 in the second quarter of 2026.
Cleveland-Cliffs reported an average net selling price of $1,124 per net ton of steel products in the second quarter of 2026.
The figures are useful, but the issuer definitions are not necessarily identical.
Product mix can move the average without a list-price change
Sheet, plate, bar, structural, coated, and specialty products can sell at different prices.
A producer can therefore report a higher average selling price because it sold more high-value products even if like-for-like market prices were unchanged.
Customer mix, contract timing, geography, freight treatment, and surcharges can also affect the average.
Keep company and segment measures separate
Nucor reports both consolidated average sales price per ton and steel-mills segment pricing.
Those measures cover different product scopes.
Investors should match the price numerator and shipment denominator before calculating or comparing a revenue bridge.
A higher price does not guarantee a wider margin
Steelmaking profitability depends heavily on raw material costs.
If steel selling prices rise $100 per ton while scrap input costs rise $120, the producer can still experience margin compression.
That is why average selling price should be read beside Steel Scrap Cost per Ton and Steel Metal Spread.
Primary-source examples
- Nucor second-quarter 2026 Form 10-Q
- Cleveland-Cliffs second-quarter 2026 Form 10-Q
- Steel Dynamics first-half 2026 results
Steel average selling price per ton is most useful as a realized price-and-mix measure, not as a pure market-price index.
Part of the Steelmaking Operating Model
See It in Company Research
These companies are examples of how the concept is reported or discussed in public filings. Definitions can differ by issuer; these links open company research rather than a normalized metric comparison.
Continue Research
Continue from the concept into the Grizzly Bulls research surface that best matches the next question. These links are research continuations, not recommendations or required steps.
Compare steel companies
Continue into stock comparison for realized steel pricing, product mix, shipments, raw-material costs, margins, and valuation context.
Explore more topics in the Financial Research Encyclopedia.