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

A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
Fastmarkets has corrected its MB-IRO-0010 Iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao index, which was published incorrectly on Wednesday February 1 due to a technical error.
Low supply, strong demand to spur scrap prices higher in Feb, market says
Fastmarkets has corrected its MB-COA-0005 premium hard coking coal, cfr Jingtang and MB-COA-0002 hard coking coal, cfr Jingtang indices, which were published incorrectly on Tuesday January 31 due to a technical error.
After market feedback, Fastmarkets is extending the consultation period for its proposal to launch a cfr Southeast Asia hot-briquetted iron (HBI) price.
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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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
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.
Delivered to you from reporters embedded in the steel and steelmaking raw material markets all over the world.
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.
Manage price risk with exchange-traded derivatives.
Connect with your peers in person and online for steel and steel raw materials market forecasts, steel price reporting and expert analysis that spans the globe. Network with some of the biggest players in the steel and steelmaking raw materials market and hear first-hand insights from global steel community experts.
We recognize the importance of being clear about our price assessment and index process. Our independently audited pricing process aligns with core IOSCO principles and we have successfully completed assurance reviews for our financial benchmarks in metals and mining, forest products and agriculture.
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