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    November 18, 2022

    Steelmaking Raw Material Prices Update: Some Up, Some Down

    Written by Brett Linton

    Prices of steelmaking raw materials moved in differing directions over the last 30 days, as they did the month prior, according to Steel Market Update’s latest analysis. Through the latest data available as of Nov. 16, pig iron and aluminum increased 7% in the last month, coking coal prices rose 6%, and zinc prices increased 4%. Iron ore and busheling scrap prices decreased 4%, and shredded scrap fell 3%. 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 four of the seven raw materials in this analysis have declined, one is unchanged, and two increased. Five 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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