Steel 7 products
Steel group overview →World crude-steel output reached ~1,900 Mt in 2025 (USGS MCS 2026 Iron and Steel). Crude steel itself is not traded — the seaborne market prices these downstream product forms.
Hot-Rolled Coil (HRC)
Flat-rolled carbon steel coil — the highest-volume steel product traded with cleared futures.
Rebar (Steel Reinforcing Bar)
Deformed long-product carbon steel bar for concrete reinforcement — Turkey FOB sets the global spot benchmark.
Steel Plate
Heavy flat-rolled carbon and alloy steel plate for shipbuilding, line pipe, pressure vessels and yellow goods.
Stainless Steel
Cr/Ni alloy steel with corrosion resistance — the largest end-market for FeCr and FeNi.
Ferrous Scrap
Recycled steel — the dominant feedstock for the EAF route and the largest recycled material on Earth.
Pig Iron
Hot metal from the blast furnace — the BF-BOF feed and a globally traded EAF supplement competing directly with scrap.
DRI / HBI
Direct reduced iron and hot briquetted iron — the gas-reduction route to virgin iron units and the cornerstone of decarbonised steel.
Ferroalloys 5 products
Ferroalloys group overview →Ferroalloys are iron-based master alloys that carry Mn, Cr, Ni or Si into steel during refining. No ferroalloy has a regulated cleared-futures contract — pricing is by Fastmarkets, Argus and Platts assessments.
Ferromanganese (FeMn)
High-Mn iron alloy (74-95% Mn) — the deoxidising and alloying agent for virtually every grade of steel.
Ferrochromium (FeCr)
High-Cr iron alloy (~50-70% Cr) — the dominant chromium feed to stainless steel.
Ferronickel (FeNi)
Iron-nickel alloy from laterite ore — Class II nickel feed for stainless steel, dominated by Indonesia.
Silicomanganese (SiMn)
Iron-silicon-manganese alloy (~65-68% Mn + 14-21% Si) — the largest-tonnage ferroalloy on Earth, ahead of FeMn alone.
Ferrosilicon (FeSi)
Iron-silicon alloy (~45-90% Si) — the primary silicon source for steelmaking and the deoxidant in electrical steels.
How product prices are sourced
Every product page lists external link-outs grouped by tier. TSM does not republish numeric prices — it routes you to the primary venue. Same OTSFA principle as the metal pages.
- Cleared futures — LME Ferrous (HRC, Rebar, Scrap), CME Pig Iron CFR New Orleans (Platts), SHFE Rebar / HRC (CNY).
- PRA assessments — Fastmarkets, Argus Metals, S&P Global Platts, SMM.
- Cleared proxy — e.g. CME Pig Iron is the cleared hedge for DRI/HBI when no direct contract exists.
- Industry associations — World Steel Association, International Manganese Institute, International Chromium Development Association, Nickel Institute.
- Official statistics — USGS Mineral Commodity Summaries 2026 chapters for Iron-Steel, Iron-Steel-Scrap, Manganese, Chromium, Nickel, Silicon.