Steel Sector Raw Material Quotation: Steel Mills and Foundries

The steel sector, which includes steel mills and foundries, is highly dependent on the availability and cost of raw materials, in particular ferrous and non-ferrous metals. These materials are the basis for the production of a wide range of products, from construction steel to special alloys for the aerospace industry.

Both steel mills and foundries play a key role in heavy industry. Steel mills produce steel, a versatile and durable material, while foundries transform metals into objects with complex and specific shapes. They are also behind the reuse of scrap that is given a new life through the production of steel mills and foundries.

FT Mercati, with its raw material quotation service, is the ideal partner to support steel mills and foundries in determining raw material quotations.

FT Mercati quotations for steel mills:

Metal prices play a key role in the market dynamics of steel mills; continuous fluctuations in the prices of raw materials such as iron ore, scrap and alloys directly influence steel production costs.

FT Mercati quotations for foundries:

Metal pricing is a crucial element in the effective management of a foundry; the constant fluctuations in the prices of metals, such as Aluminium, Copper, cast iron and special alloys, directly influence the production costs and competitiveness of companies.

Correct price analysis enables steel mills and foundries to optimise purchases, plan production, assess the feasibility of projects, and mitigate risks. With FT Mercati, companies in the steel sector have multi-platform, constant and up-to-date access to the prices of raw materials strategically relevant to their business.