Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Trump directs security panel to review US Steel deal
President Donald Trump ordered a review of the potential sale of US Steel Corp to Nippon Steel Corp, opening the door to amend a decision by his predecessor, Joe Biden, to block the transaction.
Rio Tinto to supply 70% of iron for zero-carbon steel plant in Austria
Rio Tinto (RIO.AX), opens new tab will supply 70% of the iron ore for a new hydrogen-based steelmaking plant being developed with Austrian steelmaker Voestalpine (VOES.VI), opens new tab and steel-making technology provider Primetals Technologies,…
European slab prices declined in early April
In early April, Asian suppliers of steel slabs reduced their offers to European rolling mills to $520-540/t CIF, according to Eurometal. At the end of March, Asian producers were asking for $580-600/mt CFR.
US scrap prices began to decline in early April
Buyers do not support further growth amid increased supply from scrap metal collectors
Chinese ore prices rose slightly in early April
So far, the changes have affected only low-grade products, but there are prerequisites for further price increases for the entire lineTrump, tariffs and tin - LME metals in seven charts: Andy Home
U.S. President Donald Trump's tariff blitz has shocked financial markets, but the LME base metals complex got an early preview of the likely mayhem.China announces additional 34% tariffs on US goods
According to the Tariff Commission of the State Council of China, the duty will be imposed on all imported goods from the United States starting April 10. Beijing called Washington’s new duties “a typical unilateral…US rebar pricing holds steady, awaiting tariff clarity
Pricing for domestically produced rebar in the US is unchanged for the fifth week in a row, as uncertainty rules the day ahead of Wednesday's details on US reciprocal trade tariffs.
India tightens steel procurement to favour domestic mills
India has tightened steel procurement rules to favour domestic manufacturing, at a time when mills are struggling with lower prices of iron and steel due to a sharp influx of cheaper imports, a government notification…Billet prices fall in ASEAN
Billet import prices have weakened in ASEAN, Kallanish notes. While this is attributed to the softening futures market in China, sluggish regional demand for construction steel continues to keep trading prices within a narrow range.
Global coking coal prices continued to fall in late March
Premium coking coal (PHCC) prices in Australia fell by $10/t from March 14 to March 28, to $168/t FOB, according to Kallanish. Overall, the decline for the month was $20/t. On the Singapore Exchange, April…
ArcelorMittal raises prices for hot-rolled coils to €700/t in Northern Europe
The company raised the price by €20/t due to increased demand and an expected reduction in steel imports to EuropeGlobal rebar prices stabilized in late March
Indian rebar prices remained unchanged at $657/t EXW Mumbai from March 21 to 29, according to Kallanish. Since the beginning of the month, the price of the product has increased by $41/t. Thus, the potential…Nucor reaches peak price growth for hot rolled coils
US steelmaker Nucor has released its weekly spot price (WSP) for hot rolled coil (HRC), leaving offers unchanged from the previous week at $935 per short tonne for all production facilities except California Steel Industries…Global ferroalloy prices slightly declined in late March
Spot ferrosilicon (Si 75%) prices on the Zhengzhou Commodity Exchange (ZCE) in China fell by $5/t to $830/t from March 17 to 24, according to BigMint. OTC offers from producers remained stable at $860/t EXW…
US prices for CRC exhausted growth potential by end of March
The price of cold rolled coils in the US remained unchanged from March 7 to March 28. Producer offers were at $1,162/t EXW, according to Kallanish. Over the previous month, the product rose in price…Middle East billet prices show weak growth in late March
GCC steel billet prices rose from $457/t to $460/t CFR between March 14 and March 28, according to Kallanish. This is $3/t lower than at the start of the month. Iranian bids are $443-445/t CFR…Global crude steel output falls 2.2% YoY in Jan-Feb
Crude steel output across the 69 countries tracked by the World Steel Association (WSA) declined by 2.2% on year in the first two months of 2025, totalling 302 million tonnes, according to the association's new…ExclusiveMiddle East billet prices show weak growth in late March
GCC steel billet prices rose from $457/t to $460/t CFR between March 14 and March 28, according to Kallanish. This is $3/t lower than at the start of the month. Iranian bids are $443-445/t CFR…