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Steelmaking Commodity Prices.

World steel raw material & energy costs


Price per cost unit
YearMonthThermal Coal
$/tonne
Iron Ore
$/tonne
Natural Gas
$/BTU m
Electricity
c/kWh
2015161.4468.239.256.62
2015269.0562.758.276.88
2015364.7658.058.276.79
2015456.2452.286.776.55
2015561.1960.36.686.65
2015658.9662.636.676.98
2015759.952.396.697.3
2015859.1456.196.357.32
2015957.6556.956.287.18
20151054.2653.126.036.87
20151152.4746.865.56.59
20151252.2140.55.096.42
2016149.0241.884.46.44
2016250.2746.833.976.42
2016352.2156.23.916.46
2016450.6960.923.976.44
2016551.3155.134.336.57
2016652.8551.984.767.03
2016761.2457.264.677.23
2016867.3960.894.057.23
2016972.7257.794.257.14
20161094.259.095.346.73
201611103.4373.15.696.66
20161288.1580.025.426.67
2017183.7380.416.146.59
2017279.9889.446.056.63
2017380.987.6556.71
2017483.6570.225.016.6
2017574.4262.435.066.78
2017681.0957.484.897.19
2017787.4967.7457.31
2017898.5876.075.487.22
2017997.8271.535.967.17
20171097.1161.666.186.91
20171196.6464.246.696.73
201712100.8172.257.146.54
20181106.4576.346.666.95
20182105.9577.466.726.81
2018396.6670.356.76.66
2018493.6965.756.936.58
20185105.2966.17.496.82
20186114.3365.047.457.18
20187119.5764.567.67.34
20188117.3467.158.087.22
20189114.1668.449.527.17
201810108.7373.418.796.91
201811100.7373.268.276.88
201812101.3769.157.986.65
2019198.5676.167.266.58
2019295.4288.226.016.68
2019393.1286.475.186.73
2019486.7793.704.926.53
2019582.32100.24.346.71
2019672.49108.93.596.91
2019772.08120.23.627.18
2019865.693.073.687.44
2019966.093.084.217.09
20191068.988.55.066.85
20191167.085.05.156.73
20191266.292.74.626.37
2020169.795.83.636.33
2020267.687.72.916.42
2020366.789.02.726.40
2020458.684.72.126.41
2020552.593.71.586.48
2020652.2103.31.756.95
2020751.6108.51.807.17
2020850.1121.12.867.09
2020954.6123.83.957.01
20201058.4119.84.896.72
20201164.4124.44.846.48
20201283.0155.45.866.40
2021186.8169.67.276.35
2021286.7163.86.168.15
2021394.9168.26.137.01
2021492.2179.87.156.77
20215107.0207.78.916.55
20216130.0214.410.307.27
20217152.0214.112.517.53
20218169.6162.215.43n/a
20219185.7124.522.84n/a
202110236.9122.931.05n/a

Table last updated: 12th November 2021. Next update: ~10th December 2021.


Comment on recent commodity price trends

Prices for iron ore hit an all-time high in mid-2021 with significant price falls in August and September iron ore prices. Note also the recent increase in European natural gas prices, which have almost tripled since early-2021.


Notes and commodity definitions

Thermal Coal: Australian, 1200 btu/pound, less than 1% sulfur 14% ash, fob Newcastle, Port Kembla. This data is expressed in US $ per metric tonne.

Iron Ore: price figures are for Chinese imported iron ore fines (62% Fe spot, CFR Tianjin port). The units are $ per metric tonne.

Natural Gas and Electricity Costs: 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.



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