Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Steel consumption in Turkey decreased by 1.8% y/y in January-October
Exports of steel products grew by 30.7% y/y over 10 months, while imports fell by 7.2% y/?
Norway forced to pause Arctic seabed mining plans
Norway has paused its controversial plans to mine the seabed in Arctic-reaching territorial waters after the Socialist Left Party (SV), a small left-wing environmentalist group, secured an agreement to delay the initiative in exchange for…
Consumer activity in the hot-rolled coil market declined in November
In November 2024, the global hot-rolled coil market was marked by uncertainty. Despite a slight increase in prices in some regions, low demand and economic instability restrained activity.
Falling steel prices are a major problem – Tata Steel CEO
Falling steel prices and Chinese imports to India are currently more worrisome than demand for steel products in the country. Tata Steel’s Chief Executive Officer and Managing Director T. V. Narendran told about it in…Low steel prices may hinder capacity expansion in India
Without adequate domestic capacity, the country will be dependent on imports for infrastructure development
Rebar market saw a drop in prices and volatility in demand in November
Offer prices are declining in China, Turkey and Europe, while the US is showing signs of stabilizationThe US increased rolled steel imports by 8.6% m/m in October
In October 2024, US steel enterprises increased imports of rolled steel products by 8.6% compared to September this year, to 1.84 million tons. This is evidenced by data from the American Iron and Steel Institute…Canadian steelmakers call on the government to engage in urgent dialogue with the Trump team
The appeal comes amid Trump's promise to impose additional tariffs on imports from Canada, Mexico and China
Scrap prices declined in November in most key markets
The global scrap market showed a decline in prices in most key regions during November 1-25, 2024. In Turkey, supply fell to its lowest level in 2 years, while in the US it fell by…Tangshan billet prices rise $7/t on week
By November 24, the price of Q235 150mm square billet in Tangshan in North China's Hebei province, the country's largest steel production hub, had recovered by Yuan 50/tonne ($6.9/t) on week to reach Yuan 3,090/t…China's HRC output edges up on week
Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors totalled 3.19 million tonnes over November 14-20, ticking up by a small 33,400 tonnes or 1.08% on week, the results…Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeup
Thyssenkrupp Steel Europe (TKSE) plans to reduce its workforce by 11,000 people or roughly 40%, the company said on Monday, the latest major restructuring to be announced by a German industrial giant.Iron ore prices increased by 4.2% over the past week
Optimism about support for China's economy drives demand, despite risks associated with the real estate market and high inventoriesArcelorMittal says it is delaying planned green investments in EU
ArcelorMittal , the world's second-largest steelmaker, said on Friday it is delaying planned green investments, blaming uncertainties over European Union regulatory directives.Spain's Celsa sells British and Norwegian steel mills to Sev.en GI
Spanish steelmaker Celsa has sold its mills in Britain and Norway to Se.ven GI, the Czech investment fund said on Thursday, confirming an earlier report on news website El Confidencial.Germany increased steel production by 7.7% m/m in October
In October 2024, German steelmakers increased steel production by 7.7% compared to the previous month to 3.22 million tons. Compared to October 2023, the figure increased by 14.7%. This was reported by the German steel…Global steel production increased by 5.3% m/m in October
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 151.2 million tonnes (Mt) in October 2024, a 0.4% increase compared to October 2023.Good prospects for the US construction industry in 2025
Analysts see a potentially good year ahead for the US construction industry in 2025. Up to double-digit growth rates in new construction are expected in parts of the United States. Iron ore and nickel prices…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: Buy the headlines on tariffs,…