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.

Ask about our products today

Build your personalized view of the metals markets in the Fastmarkets dashboard

Find a steel and steel raw materials price
    • Steel scrap No2 heavy melt, consumer buying price, delivered mill Chicago, $/gross ton
    • Steel scrap No2 bundles, consumer buying price, delivered mill Chicago, $/gross ton
    • Steel scrap machine shop turnings, consumer buying price, delivered mill 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

    European hot-rolled coil (HRC) buyers are scrambling to purchase Asian cargoes, with a rebound in demand hit by disruption to supplies from Turkey following this week’s earthquakes there

    A Turkish mill in a region geographically unaffected by the earthquakes in the southeast of the country on February 6 made a return to the US ferrous scrap export market on Friday February 10

    Flat-rolled steel producers in the United States increased spot prices for the fifth time in less than three months on Monday February 13, led by an uptick in spot demand and higher scrap prices, according to market participants; the latest hikes bring the total increases to $260 per short ton

    The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories

    Hot-rolled coil prices in the US South brushed against $40 per hundredweight on higher mill offers, but continued to trail their Midwest counterparts due to skeptical buyers with sufficient inventories to wait out what they said was likely a short-term surge

    There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

    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.

    How can we help?

    Providing over 900 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

    Our forecasting helps you understand supply and demand dynamics and steel price changes

    Manage price risk with exchange-traded derivatives for the steel market

    Fastmarkets’ metals consulting is your partner in creating value and managing risk

    Commodity markets move fast. Keep up with the Fastmarkets platform

    Fastmarkets combines the commodity intelligence of these familiar names:

    Metal Bulletin • American Metal Market • Scrap Price Bulletin • Industrial Minerals • RISI • FOEX • The Jacobsen • Agricensus • Palm Oil Analytics • Random Lengths • Hardwood Market Report
    • FastMarkets and more

    Talk to us

    Whether you’re interested in learning how to become a customer from our sales teams or looking to get in touch with one of our reporters, we’re here for you.

    Speak to our team

    Why use a price reporting agency?

    Navigate uncertainty and make business decisions with confidence using our price data, forecasts and critical intelligence.

    Learn more