Ohio Department of Transportation Inter-Office Communication

Date: July 1, 2008

To: District Highway Management Administrator

From: William Lindenbaum PE PS, Deputy Director, Division of Construction Management

By: Robert Jessberger, Construction Specialist

Subject: Steel Price Index – Proposal Note 525 dated 8/2/2004

The Cost Basis (CB) as calculated from the last Wednesday of the preceding month is:
Month	American Metal Market (AMM)
	Average $ / CWT Steel Plate, Cut-to-length	Average $ / CWT Steel – Rod, high carbon	Average $ / CWT Steel – Bar, Merchant Products, Reinforcing Bar
July 2008	$66.50	$56.00	$46.00

The Latest Preliminary Steel Price Index (MI or BI) is:
Month	United States Department of Labor, Bureau of Labor Statistics Producer Price Index
	Metals and Metal Products (WPU10)	Iron and Steel (WPU101)	Steel Mill Products (WPU1017)	Average
May 2008	224.0	272.8	229.8	242.2

The Latest Final Steel Price Index (MI or BI) is:
Month	United States Department of Labor, Bureau of Labor Statistics Producer Price Index
	Metals and Metal Products (WPU10)	Iron and Steel (WPU101)	Steel Mill Products (WPU1017)	Average
January 2008	197.5	210.0	183.2	196.9

Finalized and other historical data is shown on attached pages.

This information will be needed by your Construction and Roadway Services sections.

WL: REJ: rj

c: Welker, Hisem, Chandler, Keller, OCA, FHWA, File

Historical Data obtained on the last Wednesday of the preceding month

	From AMM			Preliminary from Bureau of Labor and Statistics				Final from Bureau of Labor and Statistics
Month	Average $/ CWT Steel Plate, Cut-to-length	Average $/ CWT Steel – Rod, high carbon (1050) industrial quality	Average $/ CWT Steel – Bar, Merchant Products, Reinforcing Bar	Metals and Metal Products (WPU10)	Iron and Steel (WPU101)	Steel Mill Products (WP1017)	Average Preliminary	Metals and Metal Products (WPU10)	Iron and Steel (WPU101)	Steel Mill Products (WP1017)	Average Final
Nov-01	13	16.5	15.5					123.6	107.6	99.6	110.3
Dec-01	13	16.5	15.5					123.6	107.3	99.1	110
Jan-02	13	16.5	15.5					123.7	107.1	98.3	109.7
Feb-02	13	16.5	15.5					124	107.7	98.3	110
Mar-02	14.5	16.5	15.5					124.5	109	99.6	111
Apr-02	14.5	16.5	15.5					125	110.8	101	112.3
May-02	15.5	16.5	15					125.6	112.9	102.3	113.9
Jun-02	15.5	16.5	15					126.4	114.7	104.5	115.2
Jul-02	16	16.5	15					126.8	115.9	106	116.2
Aug-02	16	16.5	15					126.6	117	107.3	117
Sep-02	16	16.5	15					127.1	118.6	109.7	118.5
Oct-02	16	16.5	15.6					127	118.9	110.4	118.8
Nov-02	16	16.5	15.6					127.3	118.2	110.4	118.6
Dec-02	16	16.5	15.6					127.2	117.9	110.1	118.4
Jan-03	16	16.5	15.6					127.6	118.6	109.5	118.6
Feb-03	16	16.5	15.6					128.3	120.1	109.8	119.4
Mar-03	16	16.5	15.6					128.5	120.7	109.4	119.5
Apr-03	16	16.5	15.6					128.2	120.7	109.6	119.5
May-03	16	16.5	15.6					128.3	119.8	109	119
Jun-03	16	16.5	15.6					128.3	119.2	108.8	118.8
Jul-03	15.5	16.5	15.6					128.4	119.4	108.4	118.7
Aug-03	15.5	16.5	15.6					129	120.8	108.4	119.4
Sep-03	15.5	16.5	16					129.5	122	108.7	120.1
Oct-03	15.5	16.5	16.5					130.2	123.2	110.1	121.2
Nov-03	15.5	16.5	16.5					131.4	125	110.7	122.4
Dec-03	15.5	16.5	16.5					133.1	128.4	112	124.5
Jan-04	15.5	19	16.5					135.9	134	115.4	128.4
Feb-04	15.5	19	16.5					140.2	143.6	122.5	135.4
Mar-04	22	19	16.5	142.3	148	126.9	139.1	143.9	150.3	129.6	141.3
Apr-04	24	30	18.5	145	151.9	135.4	144.1	146.5	154.4	139.1	146.7
May-04	32	30	18.5	146.3	152.8	142.8	147.3	147.0	155.3	146.8	149.7
Jun-04	32	30	22.25	148.7	159.1	152.4	153.4	147.3	155.2	147.0	149.8
Jul-04	34	32	22.25	152.5	169.4	155.9	159.3	151.30	166.00	151.10	156.13
Aug-04	34	33.5	27	154.6	174.6	158.8	162.7	154.00	174.20	157.90	162.03
Sep-04	34	33.5	27	154.9	172.9	160.5	162.8	154.70	174.00	161.10	163.27
Oct-04	40.50	33.5	27	157.0	178.9	163.0	166.3	157.10	178.90	163.30	166.43
Nov-04	40.50	33.5	26	158.30	182.00	165.20	168.50	160.20	175.00	165.00	166.73
Dec-04	40.50	33.5	26	158.60	179.40	166.10	168.03	159.00	180.60	166.70	168.77
Jan-05	40.50	32.75	24.50	160.30	180.60	169.10	170.00	160.10	181.20	169.60	170.30
Feb-05	40.50	32.75	24.50	160.50	178.60	168.70	169.27	160.50	179.80	169.90	170.07
Mar-05	40.50	32.75	24.50	160.20	175.00	165.00	166.73	160.40	176.40	166.30	167.70
Apr-05	40.50	31.00	24.50	161.40	176.30	163.50	167.07	161.10	176.90	164.10	167.37
May-05	41.50	31.00	24.50	159.00	169.70	160.30	163.00	159.40	170.70	161.00	163.70
Jun-05	41.50	31.00	23.00	156.90	161.90	156.30	158.37	157.60	162.00	156.20	158.60
Jul-05	39.50	29.50	23.00	157.10	158.60	150.80	155.50	157.40	160.00	152.70	156.70
Aug-05	36.00	28.00	23.00	158.00	160.70	147.50	155.4	158.40	161.80	148.10	156.10
Sep-05	36.00	28.00	23.00	161.00	169.40	152.30	160.90	161.1	169.2	152.0	160.76
Oct-05	40.00	28.00	25.25	161.80	167.90	155.80	161.83	161.9	168.0	155.6	161.83
Nov-05	$40.00	$30.00	$25.25	165.20	175.10	160.10	166.80	165.0	173.9	160.2	166.37
Dec-05	$40.50	$30.00	$25.25	166.70	174.00	160.70	167.13	166.7	173.8	160.4	166.96
Jan-06	$40.50	$30.00	$25.25	167.70	172.3	160.4	166.80	168.60	174.70	163.50	168.93
Feb-06	$40.50	$30.00	$25.25	170.6	175.4	160.6	168.87	170.90	177.20	163.50	170.53
Mar-06	$40.50	$30.00	$25.25	171.3	176.5	161.1	169.63	172.0	178.1	163.8	171.3
Apr-06	$40.50	$30.00	$25.25	174.9	179.2	162.6	172.23	176.90	180.7	165.2	174.3
May-06	$41.50	$30.00	$25.25	181.60	183.70	167.20	177.50	184.2	183.7	167.5	178.47
Jun-06	$41.50	$30.00	$25.25	183.60	189.80	174.10	182.50	184.9	189.0	173.2	182.37
July 2006	$42.50	$30.00	$27.40	186.70	194.10	180.50	187.07	187.5	193.9	179.8	187.1
Aug-06	$42.50	$32.00	$27.40	186.90	191.70	182.60	187.07	187.0	192.2	181.7	186.97
Sep-06	$42.50	$32.00	$27.40	187.6	195.8	187	190.13	187.7	195.3	185.3	189.43
Oct-06	$42.50	$32.00	$27.40	187.4	195.1	187.9	190.13	187.30	194.90	187.30	189.83
Nov-06	$42.50	$32.00	$26.65	187.0	189.1	179.7	185.27	186.0	189.00	180.00	185.00
Dec-06	$40.50	$32.00	$26.65	186.9	189.3	179.0	185.07	186.50	189.60	179.00	185.03
Jan-07	$40.50	$32.00	$26.65	186.5	191.5	178.7	185.57	185.70	190.00	175.80	183.83
Feb-07	$40.50	$32.00	$27.40	187.80	197.10	181.20	188.70	187.20	195.90	178.00	187.03
Mar-07	$40.50	$31.25	$28.90	191.50	207.30	185.30	194.70	191.10	205.50	181.70	192.77
Apr-07	$43.00	$33.25	$32.80	195.90	212.20	193.40	200.50	195.40	209.20	188.30	197.6
May-07	$43.00	$34.00	$32.80	196.50	206.20	190.80	197.83	196.30	205.80	190.30	197.46
Jun-07	$43.00	$35.25	$32.05	196.30	206.20	191.50	198.00	195.9	205.30	190.50	197.23
Jul-07	$43.00	$35.25	$32.00	195.70	201.60	185.60	194.30	196.6	204.3	189.4	196.77
Aug-07	$43.00	$35.25	$31.50	195.00	198.60	180.60	191.40	195.5	200.5	183.4	193.1
Sep-07	$39.50	$35.25	$29.00	193.90	198.60	178.40	190.30	194.5	199.8	180.2	191.5
Oct-07	$39.50	$31.50	$29.00	194.5	196.9	175.20	188.87	195.0	198.0	177.7	190.23
Nov-07	$39.50	$33.50	$29.00	195.2	198.5	179.3	191.00	194.3	197.8	179.0	190.37
Dec-07	$39.50	$33.50	$28.50	194.3	201.2	180.8	192.1	194.1	200.6	180.6	191.77
Jan-08	$39.50	$34.50	$28.50	197.0	209.1	183.1	196.4	197.5	210.0	183.2	196.9
Feb-08	$44.00	$38.50	$32.75	200.8	215.1	186.4	200.77
Mar-08	$45.75	$38.50	$33.50	207.2	223.0	196.6	208.93
Apr-08	$45.75	$38.50	$33.50	214.5	245.8	207.5	222.6
May-08	$64.50	$46.25	$42.25	224.0	272.8	229.8	242.2
Jun-08	$66.50	$50.00	$42.25
Jul-08	$66.50	$56.00	$46.00
Aug-08