Steelmaking raw material prices - ore, scrap, gas, coal.

Steelmaking Commodity Prices

World steel raw material & energy costs





Steelmaking Raw Material and Input Costs
Year/ Month
Therm Coal
$/tonne
Coking Coal
$/ton
Iron Ore
c/dmtu
Natural Gas
$/BTU m
Steel Scrap $/tonne
Electricity
c/KwH
2012 M1
124.2
189.5
140.4
12.33
397
6.50
2012 M2
123.4
189.5
140.4
12.22
423
6.52
2012 M3
112.6
189.5
144.7
12.51
417
6.52
2012 M4
108.9
191.5
147.7
12.57
419
6.44
2012 M5
101.2
191.5
136.3
12.57
409
6.57
2012 M6
91.7
191.5
134.6
12.56
393
6.95
2012 M7
94.5
191.2
127.9
11.38
364
7.15
2012 M8
97.5
191.2
107.8
11.40
371
7.11
2012 M9
95.3
191.2
99.5
11.38
376
7.01
2012 M10
87.7
190.1
114.0
11.57
374
6.65
2012 M11
92.0
190.1
120.4
11.64
363
6.53
2012 M12
99.5
190.1
128.9
11.64
381
6.54
2013 M1
99.4
171.5
150.5
11.39
402
6.45
2013 M2
101.7
171.5
154.6
11.36
404
6.61
2013 M3
97.5
171.5
139.9
11.36
373
6.59
2013 M4
94.0
157.3
137.4
11.64
366
6.53
2013 M5
94.0
157.3
124.0
11.41
372
6.70
2013 M6
88.7
157.3
114.8
11.32
358
7.13
2013 M7
82.8
150.6
127.2
10.98
348
7.32
2013 M8
82.5
150.6
137.1
10.97
348
7.25
2013 M9
83.2
150.6
134.2
10.96
345
7.14
2013 M10
85.1
149.1
132.6
10.93
356
6.80
2013 M11
88.1
149.1
136.3
10.96
358
6.59
2013 M12
90.4
149.1
135.8
10.99
373
6.62
2014 M1
87.4
137.4
128.1
10.90
362
6.96
2014 M2
81.7
137.4
121.4
10.83
365
7.12
2014 M3
78.6
137.4
111.8
10.69
357
6.99
2014 M4
78.0
133.7
114.6
10.79
352
6.75
2014 M5
79.0
133.7
100.6
10.64
362
6.76
2014 M6
76.6
133.7
92.7
10.52
349
7.30
2014 M7
73.7
n/a
96.1
9.40
353
7.49
2014 M8
73.9
n/a
92.6
10.38
355e
n/a
2014 M9
70.7
n/a
82.3
10.40
355e
n/a
  See important comment on US natural gas prices. Table updated 10th October 2014.



Input Cost Notes

Raw Material Cost Information Sources

Thermal coal, iron ore and natural gas data reproduced with thanks and permission from the International Monetary Fund. Steel scrap figures are German fob export prices from the official trade statistics ['scrap: old steel']. Coking coal and electricity figures are provided with thanks from the Energy Information Administration (EIA) of the US Department of Energy: www.eia.doe.gov. Letter 'e' against any figure above indicates Steelonthenet.com estimate.

Commodity Definitions

Thermal coal is Australian, 1200 btu/pound, less than 1% sulfur 14% ash, fob Newcastle/Port Kembla. This data is expressed in US $/metric tonne. Coking coal is average quarterly US coke plant purchase price (source: EIA) with cost, insurance and freight included (cif). Please note that this price series is expressed as a cost per short ton. Natural gas is Russian origin - border price in Germany expressed in US $ per million metric British Thermal Units. Electricity figures are average monthly US costs for industrial consumers. Units are cents per kilowatt hour.

Iron Ore Costs

Ore prices are for Chinese imported iron ore fines (62% Fe spot, CFR Tianjin port). Units are cents per dry metric tonne unit.



Other economic and related cost assessments

To see how the input costs can be used to assess current steelmaking costs, visit our EAF steel cost page. Or go to our integrated steelmaking cost model page.

To estimate the effect of a change in value of a main steelmaking commodity (scrap, ore, other steel raw materials, energy, or labour) on the production cost of any steel product made through BOF or EAF steelmaking, please contact our steel cost modelling economists.