Steelmaking raw material prices stable to higher

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Most steelmaking raw material prices held steady or ticked higher over the past month. Iron ore, zinc, and aluminum saw moderate gains of 1%-6%, while coking coal, pig iron, and shredded scrap prices were flat. Busheling scrap was the lone decliner, falling 5%. Collectively, prices rose 1% month over month (m/m). Five of the eight materials we track are more expensive than they were three months ago, and six are up year over year.