Governor Phil Murphy • Lt. Governor Tahesha Way

Department of Transportation

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Steel Producer Price Indexes (PPI)

The following table lists Producer Price Indexes from the USDOL Bureau of Labor Statistics (BLS). Use the appropriate table as per contract specifications. The PPIs are to be used in the computation of progress and final payments for the Steel /Iron Price Adjustment. Instructions for calculating these payments are contained in the NJDOT Standard Specifications. The final PPI is usually available 4 months after publication of the preliminary PPI.

Producer Price Indexes (PPI)


Month		 2024
WPU 101702 - Semi Finished Steel Mill Products		 2024
WPU 101704 - Hot rolled steel bars, plates, and structural shapes
Preliminary PPI Final PPI Cost Basis All Other Steel ($/lb) Cost Basis Sign Structures ($/lb) Preliminary PPI Final PPI Cost Basis ($/lb)
DECEMBER              
NOVEMBER              
OCTOBER              
SEPTEMBER              
AUGUST              
JULY              
JUNE              
MAY              
APRIL     0.415 0.750     0.575
MARCH 426.307   0.423 0.787 291.402   0.630
FEBRUARY 426.075   0.435 0.827 275.966   0.650
JANUARY 431.125   0.425 0.827 281.209   0.660


Month		 2023
WPU 101702 - Semi Finished Steel Mill Products		 2023
WPU 101704 - Hot rolled steel bars, plates, and structural shapes
Preliminary PPI Final PPI Cost Basis All Other Steel ($/lb) Cost Basis Sign Structures ($/lb) Preliminary PPI Final PPI Cost Basis ($/lb)
DECEMBER 443.787   0.410 0.802 286.980   0.660
NOVEMBER   420.284 0.415 0.752   283.171 0.690
OCTOBER 436.651 0.420 0.757 286.428 0.730
SEPTEMBER   442.055 0.425 0.787   290.092 0.745
AUGUST   447.950 0.435 0.812   297.616 0.750
JULY   451.817 0.450 0.862   296.932 0.750
JUNE   459.881 0.460 0.900   303.531 0.775
MAY   461.285 0.475 0.975   305.393 0.780
APRIL   456.814 0.483 0.980   298.216 0.770
MARCH   446.427 0.450 0.965   294.133 0.710
FEBRUARY   442.266 0.450 0.965 296.018 0.710
JANUARY   437.580 0.465 0.965   294.106 0.710


Month		 2022
WPU 101702 - Semi Finished Steel Mill Products		 2022
WPU 101704 - Hot rolled steel bars, plates, and structural shapes
Preliminary PPI Final PPI Cost Basis All Other Steel ($/lb) Cost Basis Sign Structures ($/lb) Preliminary PPI Final PPI Cost Basis ($/lb)
DECEMBER   433.018 1.001 1.001   301.002 1.002
NOVEMBER   447.567 1.001 1.001   309.332 1.002
OCTOBER   454.672       319.265  
SEPTEMBER   468.405       323.589  
AUGUST   484.295       331.741  
JULY   502.374       339.818  
JUNE   510.163       340.699  
MAY   516.018       337.728  
APRIL   507.047       323.344  
MARCH   482.648       318.960  
FEBRUARY   475.625       314.475  
JANUARY 476.744       315.198  



Last updated date: April 15, 2024 1:20 PM