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    December 23, 2020

    Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc

    Written by Brett Linton

    Among steelmaking raw materials, the prices of iron ore, pig iron, scrap, zinc and aluminum continue to see large gains in December compared to months prior, up as much as 65 percent year over year. Iron ore, pig iron and scrap prices have seen significant increases compared to the late summer months. Coking coal prices had widened through mid-October but have since declined, down 24 percent over levels one year ago.

    Table 1 summarizes the price changes through Dec. 22 of the seven materials considered in this analysis. It reports the month/month, three months/three months and year/year changes as a percentage.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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