Index lookup · WPU1017
Producer Price Index for finished steel mill products, bars, plates, sheet, strip, pipe, and structural shapes as they leave the mill, narrower than the WPU101 iron and steel aggregate and excluding raw ore and scrap. Index base: 1982 = 100.
Latest value is 1 month old. Next update expected around Sep 2026.
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Enter a base value, a current value, and a contract amount to see the adjustment.
Strongest average month-over-month move historically: May (+3.4% avg).
A common default in a steel distributor or service center supply agreement when the buyer purchases a mix of mill shapes rather than one specific product. Because it blends several product lines, a contract for a single shape is usually served better by the narrower series for that shape.
A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.
The [affected portion] of the Contract Price shall be adjusted using US PPI — Steel Mill Products (BLS series WPU1017), published by BLS. Base Period: the index value published for August 2026 (or the month of contract signing, if different) is the Base Value. Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value. Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement. [Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]
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A steel PPI escalation clause compares a current-period Producer Price Index value for a named steel series to the value at contract signing (the base period), turns that into a ratio, then applies the ratio to the contract price or affected line items. Clauses typically define the exact BLS series code, an averaging window, a publication lag, and a cap limiting the maximum adjustment.
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