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 is deeply intertwined with other industries like automotive, construction and energy – making it subject to risks and opportunities from multiple directions. Decarbonization initiatives also have significant implications for anyone buying, selling or trading in steel markets. These risks include shifts in international competitiveness and the financial risk associated with carbon pricing and regulations. On 8 June, Fastmarkets launched a suite of green steel prices to bring clarity and support investment decisions needed to reduce emissions.

You can understand the critical forces impacting steel news and steel price movements with our reliable data-driven insights, market-reflective prices, forecasts and analysis.

Navigate the complexities of the steel industry and make informed decisions with our global coverage of steel market news, steel price developments, steel market trends, forecasts and analysis.

Our steel and steel raw materials market experts provide global and local data-driven insights combining the commodity intelligence of familiar names like Metal Bulletin, American Metal Market, Scrap Price Bulletin, Industrial Minerals and more.

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    • Stainless steel scrap 304 solids, clips, broker buying price, delivered to processor Pittsburgh, $/gross ton
    • Stainless steel scrap 430 turnings, broker buying price, delivered to processor Pittsburgh, $/gross ton
    • Stainless steel scrap 409 turnings, broker buying price, delivered to processor Pittsburgh, $/gross ton

    We provide over 250 steel prices, 750 scrap prices and 50 raw material prices, including industry benchmarks from across the globe

    Explore the latest steel price and steel industry news

    Get the latest steel and steel raw material news and analysis from our team of expert price reporters

    Nucor is targeting new energy sources — including wind, solar and nuclear — to help reduce its greenhouse gas (GHG) emissions and meet its sustainability goals, chairman and chief executive officer Leon Topalian stated during the company’s investor conference call on Thursday April 21

    New trade settlement methods that are emerging in spot steel transactions against the backdrop of the worsening Ukraine-Russia war may indicate a lasting shift in the global steel marketplace, market sources told Fastmarkets recently

    Japanese buyers are increasing their bids for ferrous scrap to prevent exports of the steelmaking raw material, hoping to feed domestic steel production amid solid demand and healthy margins

    Seaborne iron ore prices fell on Monday April 11 due to depressed market sentiment prompted by the rise in Covid-19 cases in China, sources told Fastmarkets

    Hot-rolled coil prices in the United States remained above $74 per hundredweight in the second week of April, with steady demand for spot material and restricted supply bolstering the hot-band price

    Russian pig iron export prices increased in the week ended Thursday March 31 amid demand in Italy, while no interest in Russia-origin pig iron was reported in other markets

    Fastmarkets’ mission is to meet the market’s data requirements honestly and independently, acting with integrity and care to ensure that the trust and confidence placed in the reliability of our pricing methodologies is maintained.

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    Providing over 900 proprietary steel prices and raw material prices, which we use to benchmark physical and financial contracts

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