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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US Scrap Trends Outlook: December

Our monthly US steel scrap price outlook helps you to make sense of critical indicators impacting price movements, allowing you to forecast scrap prices one month ahead

December 8, 2022

Sean Barry

A large scrap metal pile on a white background

US ferrous scrap market regions slowly taking shape

The US domestic ferrous scrap trade has kicked off with higher offers across the board, but market participants indicated that negotiations have turned rocky in some regions, with some sellers holding out for bigger increases

December 7, 2022

Lisa Gordon

Oman’s Jindal Shadeed will invest over $3 bln in green steel plant

Oman-based long products steelmaker Jindal Shadeed Iron & Steel Oman plans to invest more than $3 billion to build a green steel plant in Oman, the company said on Sunday December 4

December 5, 2022

Serife Durmus

December US ferrous scrap market facing dealer resistance

The domestic US ferrous scrap market has been slow to develop, with resilient sellers holding out for better offers

December 5, 2022

Lisa Gordon

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

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

Green steel spotlight

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Ukraine crisis and global metal markets

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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-0144

Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/tonne
MB-IRO-0021

Iron ore 62% Fe fines, % Al2O3 VIU, cfr Qingdao, $/tonne
MB-IRO-0002

Pig iron export, fob main port Black Sea, CIS, $/tonne

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Metals methodology

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Metals events

Fastmarkets’ steel and base metal events provide insights-rich, immersive experiences for current and future market participants to learn, debate and network with the people that matter in their industry

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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Delivered to you from reporters embedded in the steel and steelmaking raw material markets all over the world.

November 18, 2021

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With an over 90% accuracy rating, our forecasting helps you understand supply and demand dynamics, steel price changes and what the future might look like for steel and steelmaking raw material markets.

November 22, 2021

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Manage price risk with exchange-traded derivatives.

November 16, 2021

Metals events

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Steel and steel raw materials

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