Steel Products Prices North America
April 18, 2016
Analysis of Key Raw Materials: Iron Ore, Scrap, Coking Coal & Zinc
Written by John Packard
The following is one of the monthly analyses Steel Market Update does on key commodities and raw materials which impact steel prices: iron ore, scrap, coking coal as well as zinc and aluminum. Prices of the various commodities have been rising over the past month which is a net positive for the steel industry. The data shown in the article below was updated on April 18th 2016 and the article was written by Peter Wright, marketing and metallurgist specialist and one of our Steel 101 instructors:
Iron ore
The Platts IODEX of 62% Fe delivered North China fell below $40 in early December and reached a low of $38.50 on December 15th. In week ending April 15th the price had recovered to $58.30, (Figure 1). The IODEX is down by 17% since the beginning of 2015 and by 54% since the beginning of 2014.
