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    October 28, 2022

    Steelmaking Raw Material Prices Through October

    Written by Brett Linton

    Prices of steelmaking raw material moved in differing directions over the last 30 days, according to Steel Market Update’s latest analysis. Through the latest data available as of Oct. 27, coking coal prices increased 15% over the last month, aluminum prices rose 8%, and zinc prices increased 2%. Pig iron prices remained stable. Busheling scrap prices decreased 11%, and shredded scrap and iron ore prices both fell 6%. Prior to October, we saw consecutive monthly declines for all products following the record-high levels seen earlier this year.

    Compared to levels three months prior, prices for five of the six raw materials in this analysis have declined. All materials are priced below levels one year ago, with multiple products down by 20% or more.

    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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