Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Exporters plan to raise prices by $2–3 on the Black Sea market for billets
The global square billet market saw mixed trends in October. Negative sentiment prevailed during the first half of the month due to the weak market in China, although the situation in Turkey improved.
JSW Steel USA raises prices for thick-gauge rolled steel by at least $40
The American division of global steel producer JSW Steel has announced a price increase of at least $40 per short ton for thick-gauge rolled steel. According to a letter to customers, the new prices took…Rise in China's stainless output extends to October
The latest Mysteel data indicate that China's crude stainless steel output rose again in October, with production buoyed by strong operations and lower cost pressures on mills and marking a third straight month of growth.
Iron ore prices have fallen by 4.4% since the beginning of November
Iron ore prices have fallen sharply since early November 2025. January futures on the Dalian Commodity Exchange for the period October 31–November 10 fell by 4.4% to 765 yuan per ton ($107.4/t), while December contracts…
Prices for Brazilian pig iron fell by $10/t in October
Average export prices for Brazilian pig iron fell to $385/t in the first half of October, compared to $395/t at the end of September. According to Kallanish, prices fell by $10–15 per tonne because producers…Steel market disappointed by delay in setting CBAM benchmarks
The European steel market is expressing disappointment at the late determination of CBAM benchmarks, which are key to calculating the specific costs of embedded emissions for steel imports in 2026. This is stated in an…The US has added coking coal to its list of critical minerals
The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal,…ArcelorMittal ready to capture EU market share from lower steel imports, CFO says
ArcelorMittal will be able to capture part of the market vacuum resulting from lower imports once the EU's proposed steel quotas kick in, Chief Financial Officer Genuino Christino said on Thursday.
European Steel market disappointed by delay in setting CBAM benchmarks
The European steel market is expressing disappointment at the late determination of CBAM benchmarks, which are key to calculating the specific costs of embedded emissions for steel imports in 2026. This is stated in an…China's steel industry profits jump 190% YoY in Jan-Sept
Member mills of the China Iron and Steel Association (CISA) reported that their total profits for the first three quarters of this year reached Yuan 96 billion ($13.5 billion), representing a substantial 190% improvement compared…ArcelorMittal Belgium not ready for green steel investment due to weak market, CEO says
ArcelorMittal Belgium is not yet ready to carry out what would be the largest climate investment ever in the country, CEO Frederik Van De Velde said on Tuesday during a hearing in the federal parliament.…
China's steel market seen recovering in November
Chinese steel prices are expected to continue the rebound that began in late October and trend upward overall in November, supported by the brighter market sentiment, Mysteel's chief analyst Wang Jianhua projects in his latest…Shagang rolls over long steel list prices for early-Nov sales
Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its long-product list prices for sales during November 1-10 from late-October, the company announced Saturday.Turkey increased steel exports by 12.1% y/y in January-September
In January-September 2025, Turkey increased its exports of steel products by 12.1% year-on-year to 11.4 million tons. In value terms, it grew by 3.8% year-on-year to $7.7 billion over nine months, according to the Turkish…
China to continue rare earths flow: Trump
US President Donald Trump claims to have ended the “rare earths roadblock” after meeting with his Chinese counterpart Xi Jinping, in Busan, South Korea, Kallanish reports.China's rebar output rises 3% WoW
The total production of rebars by the 137 Chinese steel mills that Mysteel regularly monitors increased for a second consecutive week over October 23-29 to reach 2.13 million tonnes, up by 2.7% or 55,200 tonnes…
US, Japan sign rare earths deal
The two countries said they “intend to support the supply of raw and processed critical minerals and rare earths” through economic policy tools and coordinated investment, mobilising private and public funding via grants, guarantees, loans,…China, ASEAN billet prices locked in tug-of-war
In China, prevailing offers of 3sp 150mm billet from eastern Chinese mills stood at around $435/t fob last Friday, up by $4/t week-on-week when the most traded January 2026 rebar contract on the Shanghai Futures…Chinese steelmakers face new pressure amid rising raw material costs
Overall industry profitability improved in July-September. However, analysts warn that the recovery may stall due to the impact on raw material price margins. Iron ore futures in Singapore have risen for the fourth consecutive month,…