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

The war in Ukraine has disrupted commodity markets across the globe. Prices for all seven of the steelmaking raw materials tracked in this SMU analysis increased over the last 30 days. Through late-March, pig iron prices surged 60% compared to one month prior, coking coal prices jumped 45%, scrap prices increased 26-32%, zinc and iron ore prices were up 10% and aluminum prices rose 9%.

Table 1 summarizes the price changes of the seven materials considered in this analysis. It reports the percentage change from one month prior, three months prior, and one year prior for each material.

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.