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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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
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
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
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
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
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
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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.
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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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