Steel prices

Strengthen your contract negotiations with our market-reflective steel price data. Create tailored steel price charts and view monthly averages, steel price assessments and steel price forecasts for hundreds of global steel prices. Build a winning strategy and support your decarbonization journey with our suite of European green steel benchmark prices launched in May 2023 to help to define, measure and communicate green standards to the market.

Our price data is backed and accredited by IOSCO-compliant methodologies so that you rest assured that your contract price is fair and reliable.

With Fastmarkets’ steel prices, you can:

• Position prices more favorably in contracts to negotiate win-win outcomes
• Minimize risk and understand the forces behind price and market volatility
• Predict market movements and recognize factors impacting supply-demand.

Fastmarkets’ steel price data combines the intelligence of industry-leading brands such as Metal Bulletin, American Metal Market, Scrap Price Bulletin and Industrial Minerals.

The steel industry is central to other industries including automotive, construction and energy, and it supports the global economy. The move towards decarbonization within the steel industry means those buying, selling or trading in steel need to rethink their strategies and consider new financial risks.

Understanding the critical forces impacting steel prices and driving trends in the industry is all the more important. Market participants need reliable data-driven insights, price data and forecasts from a trusted commodity expert.

By using a price reporting agency (PRA), you can:

• Ensure that you have the prices you can use that reflect supply and demand conditions
• Provide a reference for transactions in exchange-based contracts and trades
• Give confidence to contract counterparties that the prices used are impartial
• Improve efficiency when renegotiating contracts
• Deliver instant and accessible data through an automated platform
• Ensure trusted, critical short- and mid-term forecasts in a new generation of energy markets

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