Steel (Expiring Future)

Steel is a foundational industrial commodity, an alloy primarily composed of iron and carbon, prized for its strength, durability and versatility. Steel futures contracts are used globally to hedge against price volatility in the construction and manufacturing supply chain. The primary application of steel is as a structural material across infrastructure, including bridges, railways, and buildings. Key secondary uses include its role in the automotive industry, heavy machinery, and consumer appliances. Prices for steel are largely dictated by the cost of raw materials (iron ore and scrap), global industrial production activity, and the overall pace of construction and infrastructure projects. Monitor the STEEL.FUT price by adding it to your eToro watchlist.