Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor, Gerdau, and Optimus are raising rebar prices in the US
At least three major rebar producers in the U.S. have announced price increases, following the move previously announced by Commercial Metals Company (CMC). This is stated in letters from the companies to their customers
Average prices for pig iron in the Black Sea region rose by $8 per ton in April
Average pig iron prices remained stable in April in some regional markets, while in others they rose by up to $10 per ton. In one of the key markets—Brazil—average prices rose from $475/t to $483/t…
Global scrap prices rose by up to 10% in April
Global prices for ferrous scrap rose by up to 10% in April, and compared to the start of the year, prices remain 5–20% higher depending on the region, indicating a gradual market recovery following a…
Prices for billets rose by $10–15 per ton in regional markets in April
In most regional markets for square billets, prices rose slightly in April—by $10–15 per ton. The exception was the Persian Gulf countries, where prices fell by $8 to $516/t (CFR), after average prices had previously…
ArcelorMittal sees EU steel imports staying high
Steel imports into the European Union should remain high in ?the second quarter as buyers rush material ?into the bloc before tighter safeguards take effect, ArcelorMittal's finance chief said on Thursday.
ArcelorMittal donates steel for Trump ballroom
ArcelorMittal said on Thursday it had donated steel for ?a White House ballroom project backed by U.S. President Donald Trump.
Iran halts exports of certain steel products
Iran has suspended exports of certain steel products, including billets, slabs and different kinds of sheets until at least the end of May, China’s Xinhua News Agency reported on April 27, citing a statement made…
Mexico to require federal projects to use local steel in response to US tariffs
Mexico's President Claudia Sheinbaum on Wednesday announced a rule that all federal work projects use steel from ?Mexican companies, after attempts to reach a deal to lift ?U.S. steel tariffs failed.
Iron ore prices rose by 2.8% in April
The average price of iron ore (KORE 62% Fe/Qingdao) rose by 2.8% in April compared to March, reaching $109.34/t CFR. As of April 24, prices stood at $110.21/t CFR, up 1.2% from the previous week.India turns net exporter of finished steel in 2025/26, data shows
India turned a net exporter of ?finished steel in the financial ?year that ended on March 31, provisional government data reviewed by Reuters ?showed on Tuesday.Iran suspends exports of steel slabs and sheets until end of May
Iran has banned the export of steel slabs and sheets until May 30, state media reported on Monday without further details, as the country's steel industry has been targeted in strikes during the conflict with…
Critical Metals agrees to buy European Lithium for about $835 million
U.S.-based miner Critical Metals has signed a letter of intent to purchase ?all outstanding shares of European Lithium in an about $835 ?million deal, a move that would secure its full ownership of Greenland's Tanbreez…US, EU deepen cooperation on critical minerals with eye to broader agreement
The U.S. and the European Union on Friday deepened their coordination on critical minerals as part of a broader push by Western allies to loosen China's grip on materials crucial to advanced manufacturing.Japan's FY25 crude steel output hits near 60-year low
Unfortunately for Japan's Ministry of Economy, Trade and Industry (METI), its prediction for crude steel production last December has proven grimly accurate, with early industry data showing the country recorded its lowest crude steel output…China's steel prices stay rangebound, raw material costs in focus
China's domestic steel prices continue to fluctuate within a narrow range, as demand has yet to see any significant recovery, according to the latest monthly report of the China Iron & Steel Association (CISA), warning…European carbon prices have reached €74–76 per ton since the second half of April
Futures prices for CO2 emission allowances (EUAs, December 2026 contract) have ranged between €74 and €76 per ton since the second half of April.Global steel production fell by 4.2% y/y in March
Global steel production in March 2026 fell by 4.2% year-over-year and rose by 12.8% month-over-month, reaching 159.9 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).Rio Tinto increased its iron ore production by 12% in Q1
In the first quarter of 2026, mining company Rio Tinto increased its total iron ore production by 12% year-on-year – to 82.8 million metric tons, according to a report. Production in the Pilbara region (Australia)…Global steel producers are maintaining high HRC prices
Tokyo Steel, a leading Japanese electric arc furnace steel producer, raised prices for May HRC (1.7–22 mm) sales by 5,000 yen/ton ($31/ton) compared to the previous month, according to BigMint.