Steel prices and steel raw material prices

The steel industry underpins the global economy. It intersects with other industries to a far greater degree than most commodities.

Steel’s deep entanglement with global markets exposes it to risks and opportunities from all directions – from protectionist and tariffs green tariffs to Covid-19 and supply chain disruptions. Our ferrous market experts provide global and local data-driven insights, steel prices, forecasts and market news to help you make sense of the forces that influence steel and how to respond.

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Scrap & Steel North America 2023

Get pricing outlooks for scrap and steel raw materials, hear from US steel producers, scrap traders and more in January.

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Get the latest steel and steel raw material news and analysis

Pipe, mechanical tube prices continue to soften

Prices for standard pipe and mechanical tube in the United States continued to fall in November, but market participants are hoping that a recent uptick in hot-rolled coil prices will signal an end to the downturn

November 30, 2022

Mark Burgess

Solar panels, sustainable energy, renewable energy

Brazil’s Gerdau to invest $277mln into solar-, wind-powered steelmaking

Brazil-based Gerdau will invest up to 1.5 billion Reais ($277 million) in solar and wind power projects by acquiring a third of energy generation and commercialization company Newave Energia, advancing its decarbonization goals, the steelmaker said on Friday November 25

November 28, 2022

Renato Rostás

In the industrial production workshop, the robot arm of the automobile production line is working

Baosteel to supply green steel for Beijing Benz from 2023

Baoshan Iron & Steel (Baosteel) will begin to supply steel made with sharply reduced carbon emissions to Beijing Benz Automotive (BBAC) from next year, the Chinese steel giant said on Tuesday November 22

November 22, 2022

Zihuan Pan

Hot steel pouring, steelmaking, steel production

Steel decarbonization efforts need more alignment, experts say

Aligning various methodologies of calculating and reporting greenhouse gas (GHG) emissions in the steelmaking process has become a challenge in the push towards decarbonization of the industry, but there’s demand for aligning it

November 21, 2022

Alesha Alkaff

Steel plant, Metallurgical plant, Metallurgical steelmaking factory.

Steelmakers call for common standard to meet emissions goals

To achieve a decarbonized steel industry by 2050 and meet consumer demand for “green” steel products, an international group of steelmakers has urged the United States and EU to adopt a global emission standard to support the transition to low-emission steel

November 21, 2022

Mark Burgess

Inside Vale’s green briquette megahubs and how they will work

Major Brazilian iron ore miner Vale’s plan for green briquette megahubs in the Middle East has sparked much curiosity and interest about how they will work, especially with miners looking to take a share of the decarbonization “pie” by ramping up their offerings of direct-charge materials in their attempts to eliminate sintering

November 18, 2022

Paul Lim

Follow the big stories impacting the global steel market

Visit our dedicated content hubs and keep up with critical developments in steel decarbonization and the ongoing war in Ukraine

Green steel spotlight

low carbon steel. green steel metal bridge structure for support trains

Ukraine crisis and global metal markets

Energy crisis spotlight

Steel prices and steel raw material prices

Steel prices and steelmaking raw material prices affect the entire supply chain. We provide more than 250 steel prices, 750 scrap prices and over 50 raw material prices, including industry benchmarks from across the globe. Our steel price coverage can help your organization to evaluate risk, optimize your purchasing strategy and make the right decision every time.

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MB-IRO-0079

Pig iron basic grade, Ukraine/Russia, fob New Orleans, $/tonne
MB-IRO-0012

Iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne
MB-IRO-0144

Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/tonne

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November 22, 2021

Steel price data

Our global team of over 160 price reporters provide over 1000 proprietary steel prices and raw material prices, which we use to benchmark physical and financial contracts.

November 12, 2021

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November 18, 2021

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November 22, 2021

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November 16, 2021

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Steel and steel raw materials

Steel prices, news and analysis covering the global steel and steel raw material markets