Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Indian domestic steel prices may witness a correction of around INR 3,000/tonne ($34.45/t) due to the potential redirection of excess supply into India amid US import tariffs.
Authorities will promote industry restructuring to reduce production, the nation’s economic planning agency said at the National People’s Congress in Beijing on Wednesday.
Price offers for pig iron shipments in Brazil increased to $430/t by the end of the month, FOB Ponta da Madeira, according to Metalplace. This corresponds to quotes at the beginning of December 2024. After…
Buyers cannot book purchases from local producers at a price lower than €600/t. Psychologically, the market is ready for a price change, distributors say
Buyers take a wait-and-see attitude in hope for further price cuts despite announced production cuts in China and declining inventories
Global steel and raw material prices showed varying trends this month (till 25 February), with a range of factors inducing volatile market sentiment.
Italian pig iron asking prices are on the rise, primarily influenced by a scarcity of alternatives to supply from Russia. A Ukrainian producer is offering pig iron in Italy at $450-460/tonne cfr and negotiating with…
US steelmaker Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting March 3, it will be $900 per short tonne for all producers’ plants, except for California Steel…
Toyota Motor Group, Japan’s largest automaker, will reduce prices for flat products sold to affiliated component manufacturers covered by its centralized procurement scheme for the first half of fiscal year 2025/2026 (April-September).
Most steel industry executives in North America expect hot rolled coil (HRC) prices to fluctuate between $600 and $800 per short tonne this year. This is according to the results of the annual survey conducted…
Hot tests were carried out in November 2024, ahead of the original schedule of January 2025. The project was originally scheduled for 2020/2021. At the time, the company claimed that as a result of these…
There were fluctuations in the iron ore market in February, with prices reaching their highest level since July 2024 by mid-month, but the trend was not long-lasting, with May futures on the Dalian Exchange falling…
Spanish steelmakers increased steel production by 17.8% – to 1.025 million tons in January 2025 compared to the previous month. Thus, the country ranked 16th in the global ranking of steel producing countries (69) by…
Europe's ailing steel sector needs to be better protected from cheap imports as current measures are insufficient, French industry minister Marc Ferracci said on Thursday.
In January 2025, French steelmakers reduced steel production by 12.8% compared to January 2024, to 755 thousand tons. Thus, the country fell to 19th place in the global ranking of steel producing countries (69) by…
The U.S. and Ukraine have agreed on the terms of a draft minerals deal central to Kyiv's push to win Washington's support as President Donald Trump seeks to rapidly end the war with Russia, two…
The American steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from February 24, 2025, the base price of HRC will be $860 per short tonne…
American steelmaker Cleveland-Cliffs has announced the opening of the April contract period for hot rolled steel (HRC), setting its price at $900 per tonne. This is stated in a letter to customers.