Steelmaking raw material prices stabilize through November

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Most steelmaking raw material prices remained stable over the past month. Pig iron, shredded scrap, busheling scrap, and zinc prices were flat, while iron ore and aluminum declined 1%. Coking coal ticked up 3%, while the aluminum Midwest premium jumped 9%. Collectively, prices rose 1% month on month (m/m). Five of the eight materials we track are more expensive than they were three months ago. Prices are mixed in comparison to this time last year.

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.