Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
ArcelorMittal Duisburg to stop purchasing pig iron from Thyssenkrupp
ArcelorMittal Duisburg will stop purchasing pig iron from Thyssenkrupp Steel due to environmental concerns, Kallanish reports.
China reduced steel production by 1.7% y/y in 2024
China’s steelmaking companies reduced steel production by 1.7% year-on-year in 2024, producing 1.005 billion tons. This is the lowest figure in five years, Reuters reports, citing data from the National Bureau of Statistics of China.
American GLGH Steel acquires Artrom Steel Tubes S.A. to enter new markets
The agreement, signed in November 2024, is pending approval by the Romanian authorities
US decreases CRC exports in Nov from previous month
According to statistics from the US Department of Commerce (USDOC), the US exported around 69,000 tons of cold-rolled coils (CRC) in November last year, decreasing by 26% compared to the previous month and rising by…US imports fewer HRC in Nov 2024, Canada supplies the most
According to preliminary Census Bureau data from the US Department of Commerce (USDOC), the US imported around 120,400 tons of hot-rolled coils (HRC) in November last year, reflecting a 48% decrease from the preceding month…ArcelorMittal raises prices for long products in Europe by €25/t
The decision is driven by rising energy costs and the need to maintain production profitability
U.S. and Germany Steel Rebar Markets Remain Stable, China Faces Price Reduction
With the week ending on January 10th, the global Steel Rebar market presented a mixed price trend, with regional variations shaped by unique supply and demand dynamics.Egypt, Qatar eye rebar mill joint venture: reports
An investment alliance between Egypt and Qatar is considering the establishment of a steel plant in Qena Governorate, with initial outlay expected to reach $100 million, according to reports. However, market conditions are not favourable…
Malaysia imposes preliminary anti-dumping duties on tinplate imports
Malaysia has imposed preliminary anti-dumping duty on imports of tinplate from several countries, Kallanish notes.SMS group optimizes durability and wear monitoring of blast furnace 4 at ROGESA
ROGESA Roheisengesellschaft Saar GmbH in Dillingen, Germany has commissioned SMS group to carry out a comprehensive modernization of blast furnace 4 (BF4), which will extend the service life of the blast furnace and ensure effective…Exceeding performances: SGJT rolls hot-rolled strip down to 0.7 mm
Danieli QSP-DUE is the only technology for coil-to-coli, semi-endless and endless production of unlimited steel gradesCleveland-Cliffs teams up with Nucor in potential US Steel bid
Cleveland-Cliffs is reportedly collaborating with its rival Nucor (NYSE: NUE) on a potential bid to acquire US Steel (NYSE: X), as reported by CNBC’s David Faber on Monday.Steel demand in India to grow by 8-9% in 2025 – Crisil
Prices for steel products in the country may increase in the event of the introduction of a protective duty on imports
Global steel, raw material prices slip marginally in Dec. Black Sea billets plunge to 16-month low
Extending the trend seen in November, global steel and raw material prices have shown a m-o-m negative trend in December 2024 so far. Except for iron ore, which showed a slight uptick.Indian rebar prices see modest increase
Indian rebar prices saw a slight increase this week, with sellers reporting a rise in inquiries, notes Kallanish. Large producers have raised prices by INR 500-1,000/t ($6-12/t), but distributors are yet to pass these increases…Baosteel holds HRC list prices for February sales
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world's top steelmaker China Baowu Steel Group, is keeping the list prices of its carbon steel hot-rolled coil (HRC) unchanged for domestic sales in…China's rebar output, demand to decline further in '25
China's rebar production and demand are expected to decline further this year, continuing the trend from the previous year, Mysteel predicts in its newly-published report for this long steel product.
US includes CATL in Chinese military companies list
The US Defense Department (DOD) has added Chinese battery giant CATL to a list of companies it says are affiliated with Beijing’s military, Kallanish Power Materials learns.Non-Chinese HRC prices in GCC follow Chinese slump
Non-Chinese hot rolled coil suppliers have reduced their offer prices to the Gulf Cooperation Council in response to a slump in Chinese prices. This comes after a drastic fall on Chinese stock markets and a…