Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
China's HRC output rebounds on week
After falling for three consecutive weeks, production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors recovered to 3.2 million tonnes during the week of July 24-30, higher by 53,000…
Tangshan billet price falls $11/t on week
After rising firmly in previous weeks, billet prices in Tangshan in North China's Hebei province experienced sharp fluctuations and ended significantly lower on week during July 28-August 3, Mysteel's survey showed.
China’s Shagang consistently raises prices for long products
Shagang Group, a leading private steel producer in China, has added 200 yuan/t ($27.7/t) to its list prices for long steel products for sale from August 1 to 10, according to Mysteel Global.Steel stocks at Chinese traders climb quickly on subdued demand
The stocks of finished steel products held at trading houses across China tracked by Mysteel mounted for the third straight week during July 25-31, with the tonnage swelling by 203,100 tonnes on week, a large…Britain says EU is removing tariffs on steel under quota
Britain said the European Union will remove tariffs on key steel products under a quota system from Friday as part of a reset of ties and a recent deal to ease trade barriers.
India's Tata Steel beats quarterly profit estimates on lower costs
Tata Steel reported a bigger-than-expected rise in first-quarter profit on Wednesday as India's second-biggest steelmaker by market capitalization was helped by lower raw material costs that boosted margins.
Rebar prices fluctuate in July under pressure from demand and local factors
In July 2025, the global rebar market showed mixed trends: prices in China rose sharply amid expectations of stimulus measures, remained stable in the US, and showed weak dynamics in Europe and Turkey. Despite local…India's April-June finished steel imports fall nearly 30% as China, Japan shipments slow
India's finished steel imports dropped nearly 30% in the first three months of the financial year that started in April, due to a persistent fall in shipments from China and Japan, according to provisional government…US reduced its imports of rolled steel by 7.6% m/m in June
According to data from the American Iron and Steel Institute (AISI), US steelmakers reduced their imports of rolled steel by 7.6% month-on-month to 1.64 million tonnes in June 2025.
CME not pricing in full copper tariffs: BofA
US copper prices are not fully pricing in the tariffs imposed by Washington, analysts at Bank of America argue.Chinese Steel Profits Recover as Beijing Targets Overcapacity
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the year if the government delivers on its pledges to tackle overcapacity.The EU hot-rolled coil market is stabilizing near the price bottom – WSD
HRC prices in Northern Europe have fallen to €530/t, but demand is beginning to recover ahead of Q4 and CBAMAmerican rebar producers have raised prices by $60/t
Several leading US steel companies have announced price increases for rebar and wire rod. The increase amounted to $60 per short ton, Kallanish reports, citing letters to customers.Taiwan's Feng Hsin holds rebar, scrap prices
Feng Hsin Steel, Taiwan's largest rebar producer, has decided to roll over its rebar list prices and procurement prices of local scrap for transactions over July 21-25 after the price cut over the prior week,…
American rebar producers have raised prices by $60/t
Several leading US steel companies have announced price increases for rebar and wire rod. The increase amounted to $60 per short ton, Kallanish reports, citing letters to customers.Iron ore prices rose to its highest level since February
In July, the global iron ore market showed significant price growth due to a combination of positive fundamental and expected political factors. September futures on the Dalian Exchange reached $112.74/t as of July 21, the…Nucor lowered prices for hot-rolled coil by $10/t
US steel company Nucor announced a reduction in its weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of July 21-27, 2025, fell by 1.1% or $10/t compared to the previous week,…
Global scrap market under pressure from macroeconomic instability
The recycled steel (scrap) market continues to feel the burden of macroeconomic instability this year. This is stated in a report by World Mirror, a division of the World Recycling Association (BIR).US steelmakers eye mixed second quarter despite tariff-led price spikes
Top U.S. steelmakers' second-quarter fortunes are likely to be a mixed bag, caught between a fillip from higher steel prices and uneven demand amid uncertainty over U.S. President Donald Trump's tariffs.