Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
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
ArcelorMittal Duisburg to stop purchasing pig iron from Thyssenkrupp
ArcelorMittal Duisburg will stop purchasing pig iron from Thyssenkrupp Steel due to environmental concerns, Kallanish reports.China reduced steel production by 1.7% y/y in 2024
China’s steelmaking companies reduced steel production by 1.7% year-on-year in 2024, producing 1.005 billion tons. This is the lowest figure in five years, Reuters reports, citing data from the National Bureau of Statistics of China.American GLGH Steel acquires Artrom Steel Tubes S.A. to enter new markets
The agreement, signed in November 2024, is pending approval by the Romanian authoritiesUS decreases CRC exports in Nov from previous month
According to statistics from the US Department of Commerce (USDOC), the US exported around 69,000 tons of cold-rolled coils (CRC) in November last year, decreasing by 26% compared to the previous month and rising by…US imports fewer HRC in Nov 2024, Canada supplies the most
According to preliminary Census Bureau data from the US Department of Commerce (USDOC), the US imported around 120,400 tons of hot-rolled coils (HRC) in November last year, reflecting a 48% decrease from the preceding month…ArcelorMittal raises prices for long products in Europe by €25/t
The decision is driven by rising energy costs and the need to maintain production profitability
U.S. and Germany Steel Rebar Markets Remain Stable, China Faces Price Reduction
With the week ending on January 10th, the global Steel Rebar market presented a mixed price trend, with regional variations shaped by unique supply and demand dynamics.Egypt, Qatar eye rebar mill joint venture: reports
An investment alliance between Egypt and Qatar is considering the establishment of a steel plant in Qena Governorate, with initial outlay expected to reach $100 million, according to reports. However, market conditions are not favourable…