Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
ArcelorMittal raises prices for hot-rolled coils to €700/t in Northern Europe
The company raised the price by €20/t due to increased demand and an expected reduction in steel imports to EuropeGlobal rebar prices stabilized in late March
Indian rebar prices remained unchanged at $657/t EXW Mumbai from March 21 to 29, according to Kallanish. Since the beginning of the month, the price of the product has increased by $41/t. Thus, the potential…
Nucor reaches peak price growth for hot rolled coils
US steelmaker Nucor has released its weekly spot price (WSP) for hot rolled coil (HRC), leaving offers unchanged from the previous week at $935 per short tonne for all production facilities except California Steel Industries…
Global ferroalloy prices slightly declined in late March
Spot ferrosilicon (Si 75%) prices on the Zhengzhou Commodity Exchange (ZCE) in China fell by $5/t to $830/t from March 17 to 24, according to BigMint. OTC offers from producers remained stable at $860/t EXW…
US prices for CRC exhausted growth potential by end of March
The price of cold rolled coils in the US remained unchanged from March 7 to March 28. Producer offers were at $1,162/t EXW, according to Kallanish. Over the previous month, the product rose in price…
Middle East billet prices show weak growth in late March
GCC steel billet prices rose from $457/t to $460/t CFR between March 14 and March 28, according to Kallanish. This is $3/t lower than at the start of the month. Iranian bids are $443-445/t CFR…Global crude steel output falls 2.2% YoY in Jan-Feb
Crude steel output across the 69 countries tracked by the World Steel Association (WSA) declined by 2.2% on year in the first two months of 2025, totalling 302 million tonnes, according to the association's new…ExclusiveMiddle East billet prices show weak growth in late March
GCC steel billet prices rose from $457/t to $460/t CFR between March 14 and March 28, according to Kallanish. This is $3/t lower than at the start of the month. Iranian bids are $443-445/t CFR…
Global pig iron prices rose by the end of March
Pig iron price quotations in Brazil for the period from March 14 to 21 increased by $20/t, to $450/t FOB Ponta da Madeira, according to Metalplace. In the first half of the month, the cost…HRC prices face weak demand in mid-March
Hot-rolled coil prices in China increased by $5/t from March 14 to March 21, to $480/t FOB, according to Kallanish. Since the beginning of the month, the increase was $10/t. It was accompanied by a…Global steel production in February decreased by 3.4% y/y
Global steel production in February 2025 decreased by 3.4% compared to the same month in 2024 to 144.7 million tons. Compared to the previous month, the figure fell by 4.4%. This is evidenced by the…Nucor raises prices for hot-rolled steel by $5/t
The American steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from March 24, 2025, the base price of HRC will be $935 per short tonne…
Scrap prices rose slightly in mid-March
The cost of HMS 1&2 scrap (80:20) in China reached $340/t CFR by mid-March, according to Kallanish. The weekly increase was $2.5/t. Thus, quotes returned to the level recorded at the beginning of the month.…Canada metal ore prices achieve another record high
Prices for Canada’s primary ferrous metals and fabricated metal products slipped month-on-month in February, whilst metal ore concentrate increased, Kallanish discovers from the latest data gathered by Statistics Canada.US significantly raises rebar exports in Jan
According to statistics from the US Department of Commerce (USDOC), US rebar exports in January rose by 45% month on month and by 64% year on year, reaching around 29,000 tons.Recycling associations concerned about EC proposals in steel and metals action plan
The recycling associations BIR and EuRIC have issued a joint statement expressing concern over the export proposals in the Steel and Metals Action Plan published by the European Commission.Global CRC prices increase in March
The price of cold rolled coil in North America increased from $1,125/t EXW as of February 28 to $1,162/t EXW as of March 20, according to Kallanish. The rise in product prices is not supported…EU proposes cutting steel imports by 15% as Trump tariffs bite
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European…India's proposed steel import tax smaller than hoped, but 'better than nothing', steelmakers say
India's proposed 12% tax on steel imports was less than the industry had expected, but will give some relief from an influx of cheap Chinese imports, executives said on Wednesday.