Market Data
March 17, 2025
Most steelmaking raw material costs rise further in March
Written by Brett Linton
Prices for five of the seven steelmaking raw materials tracked by SMU increased from February to March, according to our latest analysis. Collectively, select material prices have risen 3% in the past month and are 6% higher than they were three months ago.
Pig iron, busheling scrap, shredded scrap, zinc, and aluminum all saw month-over-month (m/m) price increases, while iron ore and coking coal declined. Prices for four of the seven materials are higher than they were three months ago, and most materials are more expensive than they were this time last year.
