Steelmaking raw material prices - ore, coal, gas, electricity.
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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
2014181.61128.1211.596.96
2014276.29121.3711.37.12
2014373.34111.8310.886.99
2014472.82114.5810.736.75
2014573.69100.5610.26.76
2014671.4892.749.777.3
2014768.7596.059.277.49
2014868.9492.619.147.38
2014965.9482.389.247.22
20141063.7181.069.776.95
20141162.5573.738.96.67
20141262.4468.399.836.65
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
20188117.3467.158.087.24
20189114.1668.449.527.09
201810108.7373.418.797.1
201811100.7373.268.277.1
201812101.3769.157.987.1

Price in US $ per metric tonne
YearMonthThermal CoalIron OrePig IronScrap
201810108.773.4394326
201811100.773.3421325
201812101.469.2381322

Table last updated: 23rd January 2019. Next update: ~ 23rd February 2019.

Notes and definitions

Thermal Coal Definition

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.

Iron Ore Costs

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

Natural Gas and Electricity Costs

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. For natural gas prices in USA (Henry Hub terminal), see U.S. gas prices.

Pig Iron Costs

Pig iron costs represent average world fob export prices of internationally traded haematite / pig iron [harmonised system code 720110] in $ per metric tonne.

Scrap Costs

Ferrous scrap cost is the average world fob export price of internationally traded 'old steel' scrap [harmonised system code 720449] in $ per metric tonne.