Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global Stainless Steel CR Coil Market Faces Mixed Trends Amid Supply Challenges and Rising Demand
The global Stainless Steel CR Coil market is navigating through diverse dynamics across major regions with the week ending on October 11th. Moreover, USA Stainless Steel CR Coil market, prices slightly dropped due to supply…
Steel Dynamics earnings decline from previous quarter
Metals company says its aluminum facility will begin operating in mid-2025 and acknowledges a losing copper position from this summer.
ArcelorMittal to buy Nippon Steel’s Calvert stake if US Steel deal successful
ArcelorMittal, a leading steel and mining company, has agreed to acquire Nippon Steel Corporation's 50% equity interest in the AM/NS Calvert JV.Iron ore prices correct after a sharp rise in early October
The market is avoiding significant losses thanks to hopes of additional economic stimulus from the Chinese government
Nucor is cutting HRC prices for the first time since early July
American steel producer Nucor announced a decrease in the weekly spot price (CSP) for hot-rolled coil (HRC) by $10/t compared to the previous week – to $720 per short ton. This is evidenced by the…ASEAN billet importers mull over price hikes
Suppliers are seeking sharp price hikes for imported billet in ASEAN after China’s return from the Golden Week holiday. While some offers have softened slightly since the start of last week, buyers have been slow…Baosteel has raised HRC prices for sales in November
Chinese steelmaker Baosteel has raised November domestic hot rolled coil (HRC) prices by 500 yuan per ton ($71/t).ThyssenKrupp Steel Warns of Cuts on Poor Steel Market
German steel industry leader ThyssenKrupp Steel (TKS) recently warned that workers at the Duisburg-headquartered company face deep cuts due to a declining European steel market.
EU increased scrap consumption by 8.8% y/y in H1 – BIR
In January-June 2024, the EU increased the consumption of scrap by 8.8% year-on-year – up to 43.61 million tons. This is evidenced by the data of the International Association of Recyclers of Secondary Raw Materials…Global stainless steel consumption in 2024 will grow by 4% y/y – WSA
Global consumption of stainless steel will grow by 4% by the end of 2024 compared to 2023, when the indicator grew by 3.2% y/y. This forecast was published by the World Association of Stainless Steel…ArcelorMittal increases long steel prices in Europe by €40/t
Prices will increase for all types of long rolled products, including rebar, beam and wire rodIndia needs to impose tariffs on steel imports, SAIL's chairman says
ndia needs to impose tariffs on steel imports for an even playing field for the domestic industry, Steel Authority of India's (SAIL.NS) Chairman Amarendu Prakash told Reuters on the sidelines of the FT Live Energy…Italian steelmakers follow the development of technologies in nuclear energy
The industry association believes that this can become a structural solution to the energy supply problemIron ore prices rise to 3-month high
Since the end of September, the market has been showing significant growth amid the stimulus of the Chinese economyBritish steel industry calls on the government to strengthen trade protection
The British steel industry has called on the government to consider further protectionist trade measures as the industry prepares for an influx of imported steel amid global overcapacity. This is stated in a report by…India's SAIL ties up with BHP to reduce carbon emissions
State-run Steel Authority of India (SAIL) (SAIL.NS) has signed a pact with global miner BHP (BHP.AX) to work on reducing carbon emissions at the Indian steel producer's plants that operate blast furnaces, SAIL said in…Germany's Thyssenkrupp reviews green steel production plans, shares fall
Germany's Thyssenkrupp (TKAG.DE) said on Monday it is reviewing its plans for the production of green steel, casting doubt over its ambitions to use hydrogen in its push to decarbonise what is one of the…Bangladesh’s imported scrap offers climb despite weak demand
Imported scrap offers in Bangladesh have increased by nearly $10-15/t this week, despite limited buying interest.Japan's steel exports decrease in Jan-Aug y-o-y
According to the Japan Iron and Steel Federation (JISF), Japan's steel product exports approximately 21.3 million tons in the first eight months of 2024, decreasing by 4.2% from last year.