Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Germany imported 155 thousand tons of steel from third countries in January-February
In January-February 2024, Germany increased its imports of rolled steel products from third countries by 1% compared to the same period in 2023, to 154.98 thousand tons. This is based on GMK Center’s calculations based…
Nucor Steel Berkeley breaks ground on $425 million expansion project
Nucor Steel Berkeley broke ground on the construction of a new galvanizing line on Thursday, May 2.
US stainless steel prices continue to rise in May 2024
US stainless steel prices continue to rise in May. FED maintains interest rate level. Asian stock markets are friendly. And will thyssenkrupp sell up to 50% to Czech investor?
India's Jindal Stainless to invest $647 mln for acquisitions, increasing capacity
India's Jindal Stainless (JIST.NS), opens new tab said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion.
Iron ore price to exceed $100/t in 2024 – HSBC
The price of iron ore will exceed $100 per ton on average this year. This is the forecast of the British international commercial bank HSBC Holdings, Bloomberg reports.
Cleveland-Cliffs initiates monthly announcement of spot prices for hot-rolled steel
The price will be published together with the monthly opening of the order book
EU industry group downgrades steel demand forecast for 2024 again
A European Union industry group on Monday downgraded its 2024 steel demand outlook for the second time in a matter of months, projecting growth of 3.2%, due to geopolitical tensions, economic uncertainty and high interest…
Iron ore price set for 3rd weekly rise on China demand
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with improving demand in top consumer China countering higher portside inventories.
Stainless steel prices in Asia robust and rising
Stainless steel prices in Asia are robust and rising due to a significant market recovery. Supply situation in some markets remains tense. And the reporting season starts in Asia. Significant earnings growth expected for IT,…
March 2024 crude steel production
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023.
US increased rolled steel imports by 14.7% m/m in March
In March 2024, US steelmakers increased imports of rolled steel products by 14.7% compared to February this year, to 2 million tons. This is evidenced by data from the American Iron and Steel Institute (AISI).
United Steel Supply opening facility at Ports of Indiana-Jeffersonville, investing up to $10 million
One of the largest steel processors and distributors in the U.S. will be opening a 100,000-square-foot facility at the Ports of Indiana-Jeffersonville site.
China’s strong iron ore imports diverge from weak steel output
China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell.
Steel industry reacts to Nucor’s new weekly published HRC price
Is this an attempt to stabilize steel prices in the U.S.?
Once again: Who pays for tariffs on Chinese steel?
Back in 2018, tariffs were all over the headlines. Then-President Donald Trump imposed a number of different duties on goods the U.S. imports, including some on aluminum and steel made in China. And when President…
US steelmakers support Biden’s position on Chinese steel imports
Industry associations are concerned about the growth of steel exports from China to world markets
Biden to call for higher tariffs on Chinese steel
President Joe Biden is calling on Wednesday for sharply higher U.S. tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing state of Pennsylvania, at the…
ArcelorMittal raises prices for long products in the EU by €20/t
The company took this step amid of reduced inventory levels in the supply chain in the market
China March iron ore imports edge up, steel exports near 8-year high
China's iron ore imports in March rose about 0.5% from a year earlier, customs data showed on Friday, amid expectations that demand will pick up after the Lunar New Year holiday break as steelmakers typically…