Frequently asked questions…

Below is a list of common questions that we receive. If there is anything not covered below, please send your questions to cruindices@crugroup.com or call us on +44 20 7903 2056.

  1. How many price indices does CRU publish?

    Within the steel division there are just over 200, the vast majority of which are published monthly. These cover steelmaking raw materials, semi-finished and finished products in all of the major regions around the world.

    Weekly price indices include: US, Italian, German and Chinese hot-rolled, cold-rolled, hot-dipped galvanised and plate.

  2. What is the difference between CRUspi and the CRU Index?

    The CRUspi is a weighted average of a basket of different grades. For example, the CRUspi flats is comprised of HRC, CRC and HDG. It is also an index where Apr-94 =100. Our weekly price indices (US$/s.ton) are known as ‘The CRU index’ or ‘The CRU’.

  3. Is there a free trial to CRU price indices?

    Yes, you can get a free 4 week trial of CRU’s weekly Italian and U.S. Midwest hot-rolled, cold-rolled, hot-dipped galvanised and plate price indices. You can apply online here

  4. How do you access the CRUspi?

    Access to CRUspi is free for all subscribers. You can apply for a trial here

  5. How much price history is available?

    It varies from index to index, but the majority have over 20 years of history.

  6. Who provides data to the price indices?

    We have data providers from reputable, established organisations from across the supply chain: producers, traders, service centers, distributors and various end-users.

  7. How do I become a data provider?

    To be eligible to be a data provider you must be active in the spot market for the grade of material that you wish to contribute and be able to provide data on a regular basis (as per our strict definitions). You can apply here

  8. How are the price indices calculated?

    For our weekly U.S. Midwest price indices we employ our most robust procedures, known as Level 2.0.

    To summarise the process:
    Our data providers submit the weighted average price and total tonnage volume of their spot transactions online once per week. We run a series of system checks to exclude outliers on the data through a dedicated platform. This data is reviewed and assessed by an analyst. Once the analyst is satisfied with the pool of data the platform calculates the final index price after applying a cap weighting of 30% (based on volume).

    Detailed operations manuals are available in the methodology section.

  9. When are the weekly price indices published?

    The weekly price indices are published every Wednesday by 2pm GMT.

  10. How can I access CRU’s steel price indices?

    There are 4 ways to get access:

    1. Subscribe to the relevant CRU Monitor
    2. Take a multi-user licence to the price data
    3. If relevant, ask your vendor to add you to their licence agreement
    4. Become a data provider
  11. How much does a CRU Monitor subscription cost, and how do I subscribe?

    For further information on subscriptions, please email cruindices@crugroup.com

  12. Am I allowed to share the price index data?

    CRU’s price indices are published under copyright. You can only share the index data if you have a licence agreement.

  13. What is the significance of the price indices published on the 2nd Wednesday of the month?

    The Steel Sheet Products Monitor, where the steel prices indices for HRC, CRC and HDG feature, is published on the 2nd Wednesday of the month. For the assessments that are not published weekly, this is regarded as the monthly average CRU price.

    For U.S. Midwest and Italian domestic HRC, CRC and HDG, the monthly average price is a direct average of the weekly prices in any given month. This monthly average price is published on the last Wednesday of the month.

  14. What is the difference between CRU and other index providers?

    The fundamental difference is that CRU is an analysis business, as opposed to a news business. We produce price indices to make our market analysis more robust.

    In addition, all of our price indices are approved by an experienced market analyst–not a journalist – who contribute to CRU’s market analysis products and forecasting services.