Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Billet import prices drift in ASEAN
Offers for August-shipment 5sp 150mm billet of open origin, either Chinese or ASEAN, have fallen in Manila to $438-440/tonne cfr. Offers were at $440-445/t cfr the week before.
World scrap prices continue to stagnate in early June
At the beginning of June 2025, the global scrap market demonstrates overwhelming price stability after mixed dynamics in May. Despite some signs of localized growth, particularly in Italy, the overall sentiment remains subdued. Weakening demand…
Global prices for hot-rolled coils decreased by 1-7% in May
In May 2025, the hot-rolled coil market in Europe, the US and China showed a general downward trend in prices. In Europe, the decline was driven by weak demand and pressure from cheaper imports, especially…China's steel prices to keep falling in June
Chinese steel prices will likely continue heading south this month, predicts Mysteel's chief analyst Wang Jianhua in his latest monthly outlook, blaming the further deterioration of market fundamentals and the continuing absence of government policies…
China's HRC export prices slip, sales slow
China's export price for SS400 3mm hot-rolled coil (HRC) from North China's Tianjin port had declined by $7/tonne on week as of May 30 to sit at $455/tonne FOB, according to Mysteel's assessment.Global alarms rise as China's critical mineral export ban takes hold
Alarm over China's stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production…The global rebar market remained weak in May amid low demand
The global rebar market remained volatile in May 2025. Most regions faced weak demand, a seasonal slowdown in construction and pressure on prices. Only China and Turkey showed a slight increase, but the overall dynamics…
Turkish scrap softens as mills resist
A single deep-sea scrap deal was heard from Germany on Tuesday at $343/tonne cfr Türkiye for 13,000 tonnes of HMS 1&2 80:20, and at $363/t cfr for 7,000t of shredded and 6,000t of bonus grade…US to continue AD duty on welded stainless steel pressure pipe from three countries
The Us Department of Commerce (DOC) has announced the final results of the sunset review of the antidumping duty (AD) orders on welded stainless steel pressure pipe (WSSPP) from Malaysia, Thailand, and Vietnam.Coking coal prices in China fall amid oversupply
Spot coking coal quotations in China (EXW, Anze) decreased by $2.6/t to $170.72/t between May 16 and 23, according to Kallanish. This situation was caused by negative market sentiment and rising stocks.Nucor reduces HRC prices for the fourth consecutive time – down to $870/t
???rican steelmaker Nucor announced another reduction in its weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of May 26 – June 1, 2025, dropped by 1.1% or $10/t compared to the…US will have golden share in Nippon Steel's takeover of US Steel, US senator says
The U.S. government will have veto power over key decisions relating to U.S. Steel as part of a deal with Nippon Steel that would approve the Japanese firm's bid for the well-known steel company, a…Spain increased steel production by 6.1% y/y in January-April
In January-April 2025, Spanish steelmakers increased steel production by 6.1% compared to the same period in 2024, to 4.32 million tons. Thus, the country is ranked 16th in the global ranking of steel producing countries…ExclusiveSlab prices in Europe fell by $10-20/t in May
Regional markets are experiencing multidirectional dynamics of slab prices. Russian dumping, hot rolled coil (HRC) prices and US tariff policy remain the key influencing factors.
India's finished steel imports fall 11.3% in April as China, Japan shipments slow
India's finished steel imports fell 11.3% year on year in April to 0.5 million metric tons following a decline in shipments from China and Japan, according to provisional government data reviewed by Reuters on Thursday.Germany reduced steel production by 10.1% y/y in April
In April 2025, German steelmakers reduced steel production by 10.1% compared to the same month in 2024, to 2.95 million tons. Compared to the previous month, the figure fell by 5.2%. This is evidenced by…Nucor has cut prices for hot rolled coils to $880/t for the third time since May
Offers for the week of May 19-25 fell by $20/t, and since the beginning of the month – by $50/t
Stainless steel prices in Europe will continue to decline – Assofermet
A drop in cold-rolled stainless steel prices and production costs for European producers in the third quarter of this year will make their products more competitive with imports from Asia, including China and Indonesia.Rio Tinto forecasts stable demand for iron ore in China
British-Australian mining concern Rio Tinto expects stable demand for iron ore in China. The company’s CEO Jakob Stauscholm said this at a recent Bank of America conference, Kallanish reports.