Steel raw materials

Argus provides comprehensive and independent coverage of global steelmaking raw materials markets, delivering trusted price assessments, market intelligence and analysis across iron ore, coking coal, pig iron and other critical inputs used in blast‑furnace and electric‑arc‑furnace production, supporting cost visibility and stronger insight across the steel production process.

Argus provides steelmakers, miners and traders with robust visibility into raw material cost formation across the steel production lifecycle. Daily assessments and analysis capture supply fundamentals, international trade flows, mill buying patterns as reflected in physical transactions, tenders and spot market activity, and the key pricing drivers influencing iron ore, metallurgical coal and ferrous feedstocks. This is supported by a broad set of proprietary datasets, including iron ore shipment tracking, mine project intelligence, and Asia‑Pacific coking coal and PCI deal coverage, enabling clearer insight into upstream supply conditions that shape steelmaking costs and margins.

As part of the Argus Steelmaking Raw Materials service, all benchmark prices and supplementary datasets are integrated to give clients a cohesive, end‑to‑end view of raw material markets. The service includes a suite of established benchmark indices relied upon by miners, steel mills, traders and financial participants. Key assessments include the ICX 62% Fe and ICX 61% Fe iron ore indices, the Argus Asia‑Pacific Coking Coal benchmark and the US Coking Coal price assessments—core reference points used for physical contracting, indexation and risk management across global metallurgical coal and iron ore markets. These benchmarks are complemented by Argus pricing for international ferrous scrap (available in Argus Scrap Markets), pig iron, green steel production cost calculations, and the Argus Steelmaking Raw Materials Outlook helping support strategic sourcing, hedging strategies and cost‑modeling across the global ferrous industry.