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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.

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Get the latest steel and steel raw material news and analysis

Steel plant
Increased steelmaking capacity in US South may help cap price hikes
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
March 6, 2023
 · 
Abby Verret
International Container Cargo ship
US West Coast scrap export prices rise in the wake of higher Turkey sales
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 6, 2023
 · 
Amy Hinton
Compressed recycle steel stack at waste plant
US Scrap Trends Outlook: March
March ferrous market poised for staunch increase
March 6, 2023
 · 
Sean Barry
Ferrous scrap
Supply concerns, strong demand buoying US ferrous scrap market
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
March 1, 2023
 · 
Lisa Gordon
steel scrap prices - Crane loading steel scrap at steel scrap yard
Escalating Turkey sales light fire under US export, domestic scrap markets
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
February 27, 2023
 · 
Amy Hinton
Logistics and transportation of Container Cargo ship and Cargo plane with working crane bridge in shipyard at sunrise, logistic import export and transport industry background
One year on - after invasion of Ukraine, Russian steel output, exports drop less than expected
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
February 27, 2023
 · 
Vlada Novokreshchenova
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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.

Find a steel and steel raw materials price
  • 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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