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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Barge disruption looms on Mississippi, Illinois rivers in 120-day closure

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

February 3, 2023

Lisa Gordon

Iron ore concentrate premiums poised for rebound despite narrowing spread with sinter-pellet feed

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

February 2, 2023

Norman Fong

Correction to Fastmarkets’ iron ore 63% Fe lump premium index

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.

February 1, 2023

pricing@fastmarkets.com

Steel scrap - ferrous scrap - recycled steels

US Scrap Trends Outlook: February

Low supply, strong demand to spur scrap prices higher in Feb, market says

February 1, 2023

Sean Barry

Correction to Fastmarkets’ premium hard coking coal, hard coking coal CFR prices

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.

February 1, 2023

Olivia Zhang

Extension of consultation period on launch of Southeast Asia HBI price

After market feedback, Fastmarkets is extending the consultation period for its proposal to launch a cfr Southeast Asia hot-briquetted iron (HBI) price.

February 1, 2023

Paul Lim

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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-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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November 22, 2021

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November 12, 2021

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November 18, 2021

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November 22, 2021

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November 16, 2021

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Steel and steel raw materials

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