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    May 24, 2022

    Raw Materials Prices Ease in May

    Written by Brett Linton

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    Following record price increases in March and April, prices for six of the seven steelmaking raw materials tracked in this SMU analysis declined over the last 30 days. Through May 23, iron ore prices decreased 16% compared to one month prior, zinc prices fell 15%, shredded scrap prices were down 13%, busheling scrap prices declined 10%, aluminum prices fell 8%, and pig iron prices were down 4%. In that same time frame, coking coal prices increased 2%.

    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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