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

Among steelmaking raw materials, the prices of pig iron, shredded scrap, busheling scrap and aluminum rose again in March on top of large gains in previous months. Prices increased as much as 14% month-over-month for those four products.

Iron ore prices are slightly down compared to levels one month prior, while coking coal prices have declined 20% in that time frame. Pig iron and shredded scrap prices have increased 9-10% since February, and busheling scrap prices have risen 14%. Zinc prices are flat compared to one month prior, while aluminum prices are now above $1.00 per pound and are at levels not seen since June 2018.

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.

Brett Linton

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