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

World steel raw material & energy costs





Steelmaking Raw Material & Input Costs
Year/ Month
Therm Coal
$/tonne
Iron Ore
c/dmtu
Natural Gas
$/BTU m
Steel Scrap $/tonne
Elect
c/KwH
2013 M1
99.4
150.5
11.39
402
6.45
2013 M2
101.7
154.6
11.36
404
6.61
2013 M3
97.5
139.9
11.36
373
6.59
2013 M4
94.0
137.4
11.64
366
6.53
2013 M5
94.0
124.0
11.41
372
6.70
2013 M6
88.7
114.8
11.32
358
7.13
2013 M7
82.8
127.2
10.98
348
7.32
2013 M8
82.5
137.1
10.97
348
7.25
2013 M9
83.2
134.2
10.96
345
7.14
2013 M10
85.1
132.6
10.93
356
6.80
2013 M11
88.1
136.3
10.96
358
6.59
2013 M12
90.4
135.8
10.99
373
6.62
2014 M1
87.4
128.1
10.90
362
6.96
2014 M2
81.7
121.4
10.83
365
7.12
2014 M3
78.6
111.8
10.69
357
6.99
2014 M4
78.0
114.6
10.79
352
6.75
2014 M5
79.0
100.6
10.64
362
6.76
2014 M6
76.6
92.7
10.52
349
7.30
2014 M7
73.7
96.1
9.40
353
7.49
2014 M8
73.9
92.6
10.38
353
7.38
2014 M9
70.7
82.3
10.40
349
7.22
2014 M10
68.3
80.1
10.40
336
6.95
2014 M11
67.0
73.1
10.16
321
6.67
2014 M12
66.9
68.8
10.45
301
6.65
2015 M1
66.5
67.4
9.50
282
6.62
2015 M2
65.8
62.7
9.29
269
6.88
2015 M3
64.4
56.9
9.29
251
6.79
2015 M4
61.9
51.2
7.39
250e
6.8e
2015 M5
65.0
60.2
7.37
255e
6.8e
Commodity Prices
Mar 15
Apr 15
May 15
Thermal coal, $/t
64.4
61.9
65.0
Iron ore, c/dmtu
56.9
51.2
60.2
Nat gas, $/BTU m
9.3
7.4
7.4
Steel scrap, $/t
251
250e
255e
  See important comment on US natural gas prices.
Table updated 25th June 2015.


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'] & 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. 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.