Steel Products Prices North America
November 19, 2021
Raw Materials Prices: Iron Ore, Coking Coal, Pig Iron, Scrap, Zinc
Written by Brett Linton
Prices for four of the seven steelmaking raw materials tracked in this SMU analysis declined over the last 30 days. Through Nov. 18, iron ore prices fell 27% from one month prior, aluminum prices are down 17%, zinc prices declined 15%, and coking coal prices decreased 4%. In that same time frame, shredded scrap prices rose 16%, pig iron prices increased 7%, and busheling scrap prices rose 5%.
Table 1 summarizes the price changes of the seven materials considered in this analysis. It reports the percentage change from one month prior, three months prior, and one year prior for each material.
