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		 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              
NOVEMBER     0.415 0.752     0.690
OCTOBER 437.669   0.420 0.757 286.515   0.730
SEPTEMBER 453.158   0.425 0.787 289.701   0.745
AUGUST 452.919   0.435 0.812 299.669   0.750
JULY 453.436   0.450 0.862 297.217   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: November 27, 2023 1:41 PM