Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
SMS group optimizes durability and wear monitoring of blast furnace 4 at ROGESA
ROGESA Roheisengesellschaft Saar GmbH in Dillingen, Germany has commissioned SMS group to carry out a comprehensive modernization of blast furnace 4 (BF4), which will extend the service life of the blast furnace and ensure effective…
Exceeding performances: SGJT rolls hot-rolled strip down to 0.7 mm
Danieli QSP-DUE is the only technology for coil-to-coli, semi-endless and endless production of unlimited steel gradesCleveland-Cliffs teams up with Nucor in potential US Steel bid
Cleveland-Cliffs is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire US Steel (NYSE: X), as reported by CNBC’s David Faber on Monday.Steel demand in India to grow by 8-9% in 2025 – Crisil
Prices for steel products in the country may increase in the event of the introduction of a protective duty on imports
Global steel, raw material prices slip marginally in Dec. Black Sea billets plunge to 16-month low
Extending the trend seen in November, global steel and raw material prices have shown a m-o-m negative trend in December 2024 so far. Except for iron ore, which showed a slight uptick.
Indian rebar prices see modest increase
Indian rebar prices saw a slight increase this week, with sellers reporting a rise in inquiries, notes Kallanish. Large producers have raised prices by INR 500-1,000/t ($6-12/t), but distributors are yet to pass these increases…Baosteel holds HRC list prices for February sales
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, is keeping the list prices of its carbon steel hot-rolled coil (HRC) unchanged for domestic sales in…China's rebar output, demand to decline further in '25
China's rebar production and demand are expected to decline further this year, continuing the trend from the previous year, Mysteel predicts in its newly-published report for this long steel product.
US includes CATL in Chinese military companies list
The US Defense Department (DOD) has added Chinese battery giant CATL to a list of companies it says are affiliated with Beijing’s military, Kallanish Power Materials learns.Non-Chinese HRC prices in GCC follow Chinese slump
Non-Chinese hot rolled coil suppliers have reduced their offer prices to the Gulf Cooperation Council in response to a slump in Chinese prices. This comes after a drastic fall on Chinese stock markets and a…
China exports push Nippon Steel to seek growth in US, India after blocked deal
Nippon Steel (5401.T), opens new tab is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap Chinese exports after its bid for U.S. Steel (X.N)…
Global coal demand to reach record high in 2024 – IEA
Global demand for coal will rise to an all-time high of 8.77 billion tons in 2024, the International Energy Agency (IEA) predicts in its report.
Hot Rolled Coil Prices in Europe Increase: Mills Push for Revenue Recovery
Prices for hot rolled coil in Western Europe have risen further in the past month as mills seek to regain lost revenue from the declines of 2024. As the steel industry looks to 2025, this…U.S. Steel, Nippon sue Biden administration over decision to block merger
U.S. President Joe Biden violated the Constitution by blocking Nippon Steel's (5401.T) $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on…Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review.US Steelworkers' union criticizes Nippon Steel's proposal for lack of long-term commitment
The United Steelworkers union expressed concerns about Nippon Steel's latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel's production capacity, if they get the approval to merge.China's 2025 iron ore imports set to hit new high even as steel demand dwindles
China's iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand,…
China's 2025 iron ore imports set to hit new high even as steel demand dwindles
China's iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand,…Turkish merchant bar prices stabilise amid holiday lull
Turkish-origin export quotes for merchant bar remained mostly unchanged on-week, notes Kallanish.