Global steel prices show mixed trends in Jan'26 even as coking coal surges

Wet weather in Australia pushes up Indian imported coking coal prices. Chinese iron ore prices remain stable on restocking before Lunar New Year. Chinese HRC prices inch up as new export licensing system kicks in

Global steel and raw material prices showed mixed trends in January 2026, as per their monthly averages. Benchmark Chinese iron ore fines prices, Indian coking coal prices, and Turkish scrap prices either remained stable or increased sharply, keeping steel raw material costs elevated. However, price trends for steel exports varied,