Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
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.WTO rules in favor of Indonesia in stainless steel tariff case
Indonesia has expressed strong support for a recent World Trade Organization (WTO) panel ruling in its favor concerning a trade dispute with the European Union (EU) over countervailing and anti-dumping duties imposed on Indonesian stainless…
Turkey's steel imports & exports increased in Jan-Aug y-o-y
According to data from the Turkish Steel Producers Association (TCUD), Turkey imported 12.6 million tons of steel in the first eight months of 2025, representing a 17.9% year-on-year increase. The import volume in August was…
US Issues Preliminary Results of Antidumping Review on PC Strand from Malaysia
The US Department of Commerce (DOC) has released the preliminary results of the administrative review of the antidumping duty order on prestressed concrete strand (PC strand) from Malaysia for the period June 1, 2023, to…Yamato Steel upgrades heavy section mill with new CCS mill stands from SMS group to increase production capabilities
Yamato Steel Co. Ltd., a manufacturer of beams and structural steel, has contracted SMS group to modernize its section mill in Himeji, Japan, replacing two existing mill stands with new compact cartridge mill standsTata Steel UK has begun construction of a new pickling line in Port Talbot
Tata Steel UK has begun construction of a new 1.8 million tonne pickling line at its Port Talbot facility, according to a company statement.Nucor raises prices for thick-gauge rolled steel by $60/t starting in November
Nucor, the largest steel producer in the US, announced a $60 per short ton increase in prices for thick-gauge rolled steel with the opening of its November order book. This was stated in a letter…EU to cut steel import quotas, hike tariffs to 50%
The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed…Tangshan billet price drops $13/t on week
Billet prices in Tangshan city in North China's Hebei Province decline during September 22-28, with Mysteel assessing Q235 150mm square billet price in the city lower by Yuan 90/tonne ($13/t) on week at Yuan 2,970/t…China suspends iron ore purchases from BHP
China Mineral Resources Group, a Chinese state-owned iron ore buyer, has asked major steel producers and traders to temporarily suspend purchases of any dollar-denominated seaborne cargoes from BHP Group, Bloomberg reports, citing sources.Nippon Steel to invest $300 million in U.S. Steel
Nippon Steel said Thursday that it will invest some $300 million in two United States Steel plants as part of the Japanese company's $11 billion commitment to the U.S. steelmaker.SSAB Americas raises prices for flat steel products by at least $60/t
The increase will take effect in November for new orders, with the company citing market conditions as the reasonWire rod weakens, rebar steady in ASEAN
Chinese wire rod offer prices fell this week in the Philippines, Kallanish notes. At the same time, the rebar import market was quiet with offers at similar levels in Singapore.
U.S. Steel Imports Down 16.8% In August vs. July
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,864,000 net tons (NT) of steel in August 2025, including 1,402,000 net tons…
Global scrap prices mostly decline in September
Global scrap prices have mostly stagnated in September 2025. Only the Chinese domestic market has seen slight growth, while in Turkey, the US, and the EU, prices have fallen or remained at August levels.The EU seeks to resume negotiations with the US on steel tariffs
European Commissioner for Trade Maroš Šef?ovi? will meet with US Trade Representative Jason Greer to try to resume negotiations on reducing tariffs on steel and aluminum exports, Bloomberg reports.