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

World steel raw material & energy costs

See also
Price of steel




Steelmaking Raw Material & Input Costs
Year
Month
Therm Coal
$/tonne
Iron Ore
$/tonne
Natural Gas
$/BTU m
Elect
c/KwH
2013
1
99.4
150.5
11.39
6.45
2013
2
101.7
154.6
11.36
6.61
2013
3
97.5
139.9
11.36
6.59
2013
4
94.0
137.4
11.64
6.53
2013
5
94.0
124.0
11.41
6.70
2013
6
88.7
114.8
11.32
7.13
2013
7
82.8
127.2
10.98
7.32
2013
8
82.5
137.1
10.97
7.25
2013
9
83.2
134.2
10.96
7.14
2013
10
85.1
132.6
10.93
6.80
2013
11
88.1
136.3
10.96
6.59
2013
12
90.4
135.8
10.99
6.62
2014
1
87.4
128.1
10.90
6.96
2014
2
81.7
121.4
10.83
7.12
2014
3
78.6
111.8
10.69
6.99
2014
4
78.0
114.6
10.79
6.75
2014
5
79.0
100.6
10.64
6.76
2014
6
76.6
92.7
10.52
7.30
2014
7
73.7
96.1
9.40
7.49
2014
8
73.9
92.6
10.38
7.38
2014
9
70.7
82.3
10.40
7.22
2014
10
68.3
80.1
10.40
6.95
2014
11
67.0
73.1
10.16
6.67
2014
12
66.9
68.8
10.45
6.65
2015
1
66.5
67.4
9.50
6.62
2015
2
65.8
62.7
9.29
6.88
2015
3
64.4
56.9
9.29
6.79
2015
4
61.9
51.2
7.39
6.55
2015
5
64.7
60.2
7.37
6.65
2015
6
63.0
62.3
7.30
6.98
2015
7
63.4
51.5
6.68
7.30
2015
8
62.8
55.4
6.66
7.32
2015
9
58.7
56.4
6.49
7.18
2015
10
55.9
52.7
6.01
6.87
2015
11
56.3
46.2
5.87
6.59
2015
12
55.9
39.6
5.81
6.42
2016
1
53.4
42.2
5.09
6.41
2016
2
54.3
46.5
4.79
6.38
2016
3
55.9
56.5
4.09
6.47
2016
4
54.5
61.0
4.02
6.39
2016
5
55.2
55.9
3.99
6.54
2016
6
57.0
52.3
4.04
7.03
2016
7
66.7
57.3
4.30
7.23
2016
8
72.2
60.9
4.25
7.22
2016
9
78.1
57.7
3.96
7.15
2016
10
99.8
59.0
4.01
6.72
2016
11
107.2
74.1
4.54
6.66
2016
12
92.5
79.4
5.16
6.63
2017
1
91.4
80.8
6.28
6.57
2017
2
86.0
88.8
6.10
6.63
2017
3
86.3
87.2
4.95
6.74
2017
4
90.1
70.4
5.04
6.60
2017
5
80.1
61.6
5.07
6.81
2017
6
85.7
57.9
4.98
7.21
2017
7
87.5
67.7
5.21
7.34
2017
8
95.9
76.1
5.28
7.24
2017
9
96.9
71.5
5.51
7.21
2017
10
97.1
61.7
6.08
6.95
2017
11
96.6
64.2
6.02
6.79
2017
12
102.2
72.3
6.56
6.63
2018
1
106.8
76.3
7.56
6.97
2018
2
104.7
77.5
6.87
7.0e
2018
3
95.85
70.4
7.03
7.0e
2018
4
94.21
65.8
7.81
7.0e
Commodity Prices
Feb 18
Mar 18
Apr 18
Thermal coal, $/t
104.7
95.9
94.2
Iron ore, c/dmtu
77.5
70.4
65.8
  See important comment on US natural gas prices.
Table updated 21st May 2018.


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. Electricity figures are provided with thanks from the Energy Information Administration (EIA) of the US Department of Energy: https://www.eia.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

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



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.