Steel and steel raw materials

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

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.

What’s happening in the steel and steel raw materials markets?

Get the latest steel and steel raw material news and analysis

Hot-rolled steelmaking capacity in the US South increased by nearly a quarter in a two-year period and is still growing, which sources believe will help to keep prices relatively low
A Bangladeshi buyer has paid a large premium to secure a ferrous scrap cargo from the US West Coast, with a slew of post-earthquake cargo deals made to Turkey at higher prices and domestic tightness also boosting the market
March ferrous market poised for staunch increase
Sentiment in the US domestic ferrous scrap market has continued to improve ahead of the March trade, with sellers marveling at the prospect of an unexpected fourth consecutive monthly increase while also lamenting that they are short on inventory to sell
Global deep-sea ferrous scrap sales to Turkey are ramping up at higher prices, stoking bullish sentiment for US exports and March’s domestic trade alike
Russia’s output of steel products, local demand and export sales all dropped in 2022 due to trading sanctions imposed after its invasion of Ukraine on February 24, 2022 - but the reductions were smaller than the markets expected
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

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.

Find a steel and steel raw materials price
  • Pig iron basic grade, Ukraine/Russia, fob New Orleans, $/tonne
  • Iron ore 65% Fe blast furnace pellet, cfr Qingdao, $/tonne
  • Iron ore 62% Fe low-alumina fines, cfr Qingdao, $/tonne
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