Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor raises HRC benchmark price to $760/t
US steelmaker Nucor has announced a new hot rolled coil (HRC) benchmark price of $760/mt for all production sites except CSI, where the price will be $820/mt. The new price came into effect on January…
Coking coal price to reach $220/t in 2025 – BMI
According to BMI, the slowdown in steel production growth in importing countries, with the exception of India, will continue to limit demand for coking coal and hence its prices in the short term.
US Steel now all about striking while iron is hot
The long United States Steel saga has suddenly become a matter of urgency. Boss David Burritt is fighting to salvage a $15 billion sale to Nippon Steel .
Trump plans to impose broad tariffs on steel and other imported goods
US President Donald Trump has said he wants to impose large-scale tariffs on steel, aluminum and copper imported into the country, as well as other goods, including computer chips, semiconductors and pharmaceuticals. This was reported…
UK steel industry needs to reduce electricity costs – UK Steel
UK steelmakers have to fight for competitiveness due to high electricity costs. This problem should be the first challenge for the Steel Industry Council, according to the UK Steel industry association.
France increased steel production by 7.6% y/y in 2024
In 2024, French steelmakers increased steel production by 7.6% compared to 2023, to 10.76 million tons. The figure recovered after a significant drop of 17.5% in 2023. Thus, the country ranked 17th in the global…Tata Steel reports surprise profit on buoyant India sales volume
Tata Steel India's second-biggest steelmaker by market value, posted a surprise third-quarter profit on Monday, helped by buoyant sales at home even as prices fell.Canada, Mexico steelmakers refuse new US orders
Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.AISI outlines priorities for the US steel industry for 2025
The American Iron and Steel Institute (AISI) has addressed policymakers in the Trump administration and key members of Congress with a plan that outlines the steel industry’s priorities for 2025 from the perspective of the…China's 2024 crude stainless output grows by 8% on year
China's total output of crude stainless steel continued to move up in 2024, with the total tonnage rising by another 2.77 million tonnes or 7.5% on year to touch a new high of 39.44 million…Japan’s annual steel production declines 3.4%
Japan’s crude steel production inched up month-on-month in December, but annual production remained lower than a year ago in 2024, Kallanish learns from data by the Japan Iron & Steel Federation (JISF).Turkish scrap market questions higher values
Following the deals reported on Tuesday at $336/tonne from the US and around $330/t cfr from the EU, Kallanish heard of another US deal at $340/t cfr ?skenderun, although this remained unconfirmed at the time…
Italian scrap prices tick higher on material shortage
Italian scrap prices showed relative stability in January versus December. However, in recent days, there has been a modest increase of €5-10/tonne ($5.1-10.3/t) in contracts, returning prices to levels observed in November, Kallanish hears.Steel and stainless steel: More support for SMEs in the EU urged
In the fight for the competitiveness of small and medium-sized enterprises (SME) in the EU, the Gerber Group once again spoke out in the European Parliament today. And President Trump is threatening Europe with new…China's steel sector is softening, but with resilience
There are two ways of looking at the 1.7% decline in China's steel output last year. The first is that it confirms that the world's largest producer of the key industrial metal is now in…
AISI Statement on Trump America First Trade Policy
Kevin Dempsey, president and CEO of the American Iron and Steel Institute, today released the following statement on the memorandum issued by President Trump regarding his America First Trade PolicyGerman industry associations outline challenges for the scrap recycling sector
The Federal Association of Steel Recycling and Waste Management Companies (BDSV) and the Association of German Metal Traders and Recyclers (VDM) have published a position paper with requirements for the future federal government, EUWID Recycling…Italy reduced steel production by 5% y/y in 2024
Italian steelmakers reduced steel production by 5% in 2024 compared to 2023, to 20 million tons. This is reported by SteelOrbis with reference to data from the Italian Federation of Steelworkers Federacciai.North America Steel: Lessons from Trump 1.0, Expectations for Trump 2.0
Steel equities rallied sharply after Trump’s victory as investors anticipate potentially higher tariffs. But here’s a lesson we learned from Trump 1.0 to keep in mind as Trump 2.0 approaches