Steelmaking raw material prices increase through January

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All but one of the steelmaking raw materials we track increased in price over the last month. Coking coal, pig iron, shredded scrap, busheling scrap, zinc, and aluminum prices have all risen in the last 30 days, while iron ore declined 1%. Collectively, prices rose 8% month over month (m/m). Seven of the eight products we track are more expensive than they were three months ago, and all are greater than levels recorded 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.