Natural gas prices - Henry Hub - steelmaking costs.
Natural Gas Prices, USA: 2015-2024.
Steelmaking input costs - natural gas
| Year | Month | Gas Price |
| 2015 | 1 | 2.97 |
| 2015 | 2 | 2.85 |
| 2015 | 3 | 2.8 |
| 2015 | 4 | 2.58 |
| 2015 | 5 | 2.84 |
| 2015 | 6 | 2.77 |
| 2015 | 7 | 2.83 |
| 2015 | 8 | 2.76 |
| 2015 | 9 | 2.65 |
| 2015 | 10 | 2.32 |
| 2015 | 11 | 2.08 |
| 2015 | 12 | 1.92 |
| 2016 | 1 | 2.27 |
| 2016 | 2 | 1.96 |
| 2016 | 3 | 1.7 |
| 2016 | 4 | 1.9 |
| 2016 | 5 | 1.92 |
| 2016 | 6 | 2.57 |
| 2016 | 7 | 2.79 |
| 2016 | 8 | 2.79 |
| 2016 | 9 | 2.97 |
| 2016 | 10 | 2.95 |
| 2016 | 11 | 2.5 |
| 2016 | 12 | 3.58 |
| 2017 | 1 | 3.26 |
| 2017 | 2 | 2.82 |
| 2017 | 3 | 2.87 |
| 2017 | 4 | 3.08 |
| 2017 | 5 | 3.12 |
| 2017 | 6 | 2.94 |
| 2017 | 7 | 2.96 |
| 2017 | 8 | 2.88 |
| 2017 | 9 | 2.96 |
| 2017 | 10 | 2.87 |
| 2017 | 11 | 2.99 |
| 2017 | 12 | 2.76 |
| 2018 | 1 | 3.88 |
| 2018 | 2 | 2.67 |
| 2018 | 3 | 2.69 |
| 2018 | 4 | 2.76 |
| 2018 | 5 | 2.78 |
| 2018 | 6 | 2.94 |
| 2018 | 7 | 2.8 |
| 2018 | 8 | 2.96 |
| 2018 | 9 | 3 |
| 2018 | 10 | 3.29 |
| 2018 | 11 | 4.14 |
| 2018 | 12 | 3.95 |
| 2019 | 1 | 3.08 |
| 2019 | 2 | 2.72 |
| 2019 | 3 | 2.94 |
| 2019 | 4 | 2.65 |
| 2019 | 5 | 2.63 |
| 2019 | 6 | 2.40 |
| 2019 | 7 | 2.36 |
| 2019 | 8 | 2.22 |
| 2019 | 9 | 2.58 |
| 2019 | 10 | 2.33 |
| 2019 | 11 | 2.65 |
| 2019 | 12 | 2.24 |
| 2020 | 1 | 2.03 |
| 2020 | 2 | 1.92 |
| 2020 | 3 | 1.79 |
| 2020 | 4 | 1.74 |
| 2020 | 5 | 1.75 |
| 2020 | 6 | 1.60 |
| 2020 | 7 | 1.72 |
| 2020 | 8 | 2.30 |
| 2020 | 9 | 1.92 |
| 2020 | 10 | 2.33 |
| 2020 | 11 | 2.58 |
| 2020 | 12 | 2.55 |
| 2021 | 1 | 2.66 |
| 2021 | 2 | 5.07 |
| 2021 | 3 | 2.56 |
| 2021 | 4 | 2.62 |
| 2021 | 5 | 2.89 |
| 2021 | 6 | 3.24 |
| 2021 | 7 | 3.79 |
| 2021 | 8 | 4.05 |
| 2021 | 9 | 5.11 |
| 2021 | 10 | 5.48 |
| 2021 | 11 | 5.02 |
| 2021 | 12 | 3.73 |
| 2022 | 1 | 4.33 |
| 2022 | 2 | 4.66 |
| 2022 | 3 | 4.88 |
| 2022 | 4 | 6.53 |
| 2022 | 5 | 8.14 |
| 2022 | 6 | 7.67 |
| 2022 | 7 | 7.26 |
| 2022 | 8 | 8.79 |
| 2022 | 9 | 7.76 |
| 2022 | 10 | 5.62 |
| 2022 | 11 | 5.28 |
| 2022 | 12 | 5.50 |
| 2023 | 1 | 3.27 |
| 2023 | 2 | 2.38 |
| 2023 | 3 | 2.30 |
| 2023 | 4 | 2.16 |
| 2023 | 5 | 2.15 |
| 2023 | 6 | 2.18 |
| 2023 | 7 | 2.55 |
| 2023 | 8 | 2.58 |
| 2023 | 9 | 2.64 |
| 2023 | 10 | 2.99 |
| 2023 | 11 | 2.71 |
| 2023 | 12 | 2.53 |
| 2024 | 1 | 3.18 |
| 2024 | 2 | 1.72 |
| 2024 | 3 | 1.50 |
| 2024 | 4 | 1.60 |
| 2024 | 5 | 2.13 |
| 2024 | 6 | 2.51 |
| 2024 | 7 | 2.08 |
| 2024 | 8 | 1.99 |
| 2024 | 9 | 2.25 |
| 2024 | 10 | 2.21 |
Table last updated: 9th November 2024. Next update: ~10th December 2024.
Comment on recent commodity price trends
Note the very marked escalation in the cost of gas in mid-2022. One notes however that end-2022 Henry Hub gas prices were significantly lower than mid-year price levels, with Q1 2023 prices being lower still; and gas prices continuing to fall in Q2 2023 although rising slightly after mid-2023. Prices now appear to have declined from their somewhat elevated recent positions to pre-2021 levels.
Notes and definitions
Figures above are monthly natural gas spot prices [in US $ per million metric British Thermal Units] at the Henry Hub terminal in Louisiana, USA.
The Henry Hub is a distribution hub on the natural gas pipeline system that is owned by the Sabine Pipe Line LLC (a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014). The Henry Hub is also the pricing point for natural gas futures contracts traded on the New York Mercantile Exchange (NYMEX) and the OTC swaps traded on the Intercontinental Exchange (ICE).
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