Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Scrap consumption in China to fall by 3% y/y in 2024 – analysts
Consumption of steel scrap in China will decrease by 3% in 2024 compared to 2023. This was stated by Fubao analysts at the 2025 China Metal New Materials and Circular Economy conference, Kallanish reports.
China Tangshan billet prices trend downwards
Billet prices in Tangshan in North China's Hebei province declined during the week of October 28-November 3 in tandem with softening rebar futures prices.
China's HRC output slips for 3rd week
Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors inched down for a third week during October 24-30 to 3.03 million tonnes, slipping by another 11,000 tonnes or 0.36%…
Tuesday's US elections to remove some steel-outlook opaqueness
After the US steel supply chain spent most of 2024 reluctant to commit to restocking and long-term investments due to uncertainty over federal policy shifts next year, Election Day finally arrives on Tuesday to lift…China steel prices seen fluctuating in narrow range in Nov
After falling steadily last month, Chinese steel prices are expected to stay rangebound within a narrow band in November, as the market is anticipating further economic incentive policies from the country's central government, according to…
Demand for steel in China’s manufacturing sector to grow in November – forecast
Demand for steel in China’s manufacturing sector may increase in November. This forecast is made by Wang Jianhua, Chief Analyst at Mysteel, based on the PMI for the manufacturing industry.
Global rebar market was marked by fluctuations in prices and demand in October
In October 2024, the global rebar market showed different price trends depending on the region. In Turkey, price growth took place amid higher scrap quotations and stable demand in the domestic market.Coking coal prices rose in October amid China’s incentives
The coking coal market has shown some optimism since the end of September amid the stimulus announced by Beijing, but is in a state of uncertainty at the end of the current month.Germany imported 510 thousand tons of steel from third countries in January-August
In January-August 2024, Germany reduced imports of rolled steel products from third countries by 5.4% compared to the same period in 2023, to 509.68 thousand tons. This is evidenced by GMK Center’s calculations based on…
Iron ore price rises for 4 consecutive days, maintaining above $103 level
The price of 62% Fe grade iron ore fines from Australia to China slightly increased by US$0.2 on October 29, reaching US$103.35. The price has risen for four trading days in a row and hit…South America's steel industry should focus on competitiveness and sustainability
The Latin American Steel Association (Alacero) said that South American steel companies should focus on enhancing competitiveness and sustainability within the steel industry to increase product value.2024 EU steel consumption forecast slashed to -1.8% by EUROFER
The European Steel Association (EUROFER) has revised its projections for apparent steel consumption in the EU, now expecting a decline of 1.8% in 2024, down from a previous forecast of a 1.4% increase.Iron ore prices have fallen by 8-10% since the beginning of October
Quotations of raw materials adjusted to the level of August after a fall in September and a sharp rise in early OctoberNucor raises HRC prices by $20/t
American steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $20 per tonne compared to the previous week, up to $740 per short tonne. This is evidenced by…US Steel raises flat steel prices by $30/t
As of October 25, the prices of hot-rolled flat products in the USA were at the level of $690-700 per short ton, and cold-rolled – $960-1000/tChina's rebar output touches intra-year high
After rising steadily since late August, rebar production among the 137 Chinese steel mills nationwide tracked by Mysteel hit the highest for the year during the week of October 17-23 at 2.51 million tonnes, up…India's JSW Infra reports highest-ever quarterly profit on strong cargo growth
Indian JSW Infrastructure (JSWN.NS), opens new tab on Monday reported its highest-ever quarterly profit since going public in October 2023, boosted by higher cargo volumes.China's steel demand will likely flatten in 2025, says industry official
Steel demand in China, the world's largest producer and consumer, will likely flatten or dip slightly in 2025, industrial officials said, warning mounting risks facing steel exports due to growing trade frictions.Spain increased steel production by 16.5% m/m in September
In September 2024, Spanish steel companies increased steel production by 16.5% compared to the previous month, to 990 thousand tons. Thus, the country ranked 16th in the global ranking of steel producing countries (71) by…