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 430 bundles, export yard buying price, delivered to yard Boston, $/gross ton
    • Stainless steel scrap 430 new clips, dealer buying price, delivered to yard Chicago, US cents/lb
    • Stainless steel scrap 304 turnings, broker buying price, delivered to processor Chicago, $/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

    Stainless steel raw material surcharges for flat-rolled products in the United States will rise sharply for all flat stainless grades in April on surging nickel and iron costs, while the pattern of pricing shifts among the four producers is poised to diverge more widely, according to surcharge notices published by producers

    The United States’ ferrous scrap export market has quieted, with no deals reported since Monday March 14

    A shortage in the global pig iron market caused by the absence of Ukraine, as well as Russia’s limited ability to sell, can only partially be covered by suppliers from other regions, sources told Fastmarkets on Tuesday March 22

    Austrian steelmaking group Voestalpine intends to replace coal-fuelled blast furnaces with climate-friendly electric-arc furnaces (EAFs) powered by green electricity at its sites in Linz and Donawitz by 2027, the company said in a press release on Wednesday March 23

    Mexican steel scrap prices have increased again for almost every grade in the steelmaking regions of Monterrey and Bajio, with buyers continuing to try to secure supply

    Another rally in hot band prices is under way in the United States, not long after the coronavirus pandemic and Section 232 tariffs pushed the hot-rolled coil index to break new records in 2020 and 2021

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