Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
New tariffs and CBAM will push up steel prices in the EU and the UK – forecast
Steel prices in the EU and the UK will rise after new tariffs and the Cross-Border Carbon Adjustment Mechanism (CBAM) come into force. This is the forecast of British steel supplier All Steels.
Jan-Sept crude steel output in China's key steel hubs falls YoY
Crude steel production among China's top ten steelmaking provinces and autonomous regions slid by 3.27% on year to total 534.15 million tonnes during this year's January-September period, according to the latest data released by the…
Global hot-rolled coil market seeks balance between growth in Europe and decline in China
The EU is supporting prices through trade protection, while China is facing a decline in demand and export pressure
China’s EV battery recycling market to exceed $14 billion
China’s State Administration for Market Regulation (SAMR) expects the domestic power battery recycling market to exceed CNY 100 billion ($14.04 billion) in 2030, Kallanish learns.Canada to exempt some steel and aluminum from the US and China from tariffs
Canada has proposed removing tariffs on certain steel and aluminum products imported from the US and China, Reuters reports, citing a government document published late last week.Rio Tinto ramps up Simandou stockpiles to 2 million tons for first shipment
Rio Tinto has stockpiled 2 million metric tons of high-grade iron ore at its Simandou project in Guinea for a mid-November shipment, three sources told Reuters, which would be the first from the mega-mine set…
Oversupply keeps China's CRC prices weak
China's prices of carbon steel cold-rolled coil (CRC) are expected to remain weak this month from the dual impact of persistently high delivery volumes to local markets and limited upside demand from end-users such as…India increased steel exports by 24% m/m in September
In September 2025, India increased its steel exports (including stainless steel) by 24% month-on-month to 1.07 million tons, the highest volume recorded since March 2024, according to BigMint.
Global scrap market balances between different trends in October
Global prices are moving unevenly: the US and Turkey are experiencing growth, while the markets in China and the EU remain under pressureArcelorMittal raises prices for hot-rolled coil in Europe
The price for December deliveries has been set at €630/t. ArcelorMittal, one of Europe’s leading steel producers, has raised its prices for hot-rolled coil (HRC) in Europe to €630/t for December deliveries, Fastmarkets reports.
Prices for OCTG pipes in North America remained stable in September
Quotations for welded pipes in Turkey fell by $18 per tonne over the same period due to weak demand in the EUIndia's small steelmakers cut output as weak demand, falling prices bite
India's small steelmakers are struggling with weak demand, rising inventories and falling prices, highlighting a construction slowdown despite New Delhi introducing its biggest consumer tax cuts in eight years to boost growth and counter steep…Swedish green steel firm Stegra seeks another $1.1 billion in financing
Swedish green steel startup Stegra plans to raise up to around 975 million euros ($1.1 billion) in additional funding for the building of its plant in northern Sweden and the shoring up of finances, it…
China steel prices poised for rebound in October
After sliding steadily during the previous two months, Chinese steel prices are expected to rise in October, lifted by improved fundamentals plus the likely implementation of strengthened economic stimulus policies by the central government, Mysteel's…New EU safeguard measures on steel imports should not harm Ukraine’s exports
When allocating new quotas, the EC will take into account the Ukrainian security situation. The EC’s draft proposal for new safeguard measures on steel imports contains a reference to Ukraine’s special status in this process.
Canada-US sectoral deals likely to persist even if USMCA is revised, Carney says
The specific deals that Canada is negotiating with the U.S. in key sectors such as steel, aluminum and autos are likely to persist even if the United States-Canada-Mexico trade deal is reviewed next year, Prime…
‘Existential threat’: what do EU’s 50% steel tariffs mean for UK industry?
The EU shocked the UK steel industry on Tuesday with an announcement of 50% import tariffs – with no apparent carve-out for metal crossing the Channel. UK Steel, an industry lobby group, said the plan…Prices for square billets showed mixed dynamics in September
The overall situation on the global square billet market remained largely stable with a negative trend in September. In the second ten days of the month, prices practically stabilized and sentiment improved slightly.UK seeks clarification from European Commision on steel quotas impact
Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission on Tuesday, with Prime Minister Keir Starmer saying his government was in talks with the bloc about the move.