Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Japan seeks to improve protective measures against Chinese steel
The Ministry of Economy, Trade and Industry of Japan is seeking to expand the scope of anti-dumping duties to cover Chinese steel among other goods transiting through third countries.
Global pig iron production fell by 6.7% m/m in August
In August 2024, the global production of pig iron fell by 6.7% compared to the previous month – to 112.57 million tons. Compared to August 2023, the indicator decreased by 5.8%. This is reported by…Turkey increased steel production by 13.8% y/y in August
In August 2024, steel enterprises of Turkey increased steel production by 13.8% compared to the same period in 2023 – to 3.15 million tons. Compared to the previous month, the indicator increased by 3%. This…
Indian rebar prices rise on restocking, higher costs
Indian rebar prices in the secondary market have gained momentum since late last week, driven by restocking activity and rising domestic metallics prices.Billet offer prices rise in China, ASEAN
Billet offer prices have risen in China and ASEAN after Chinese steel markets reacted positively to Beijing’s latest stimulus rollout, Kallanish notes.China's steel prices continue to rally in September
On September 24, China's National Development and Reform Commission (NDRC) released its latest survey on key wholesale steel markets across the country, including South China, Shanghai, and Tianjin, with the survey results showing that Chinese…Nucor Holds Prices Steady Amid Downward Pressure in Steel Plate Market
The US Steel Plate market has been experiencing a period of stability with a slight downward trend in recent weeks. In the second week of September, Steel Plate prices saw a modest decline of 1%,…
No price increase is expected in the scrap market
Scrap production in the EU is decreasing in parallel with the decrease in steel production volumesCleveland-Cliffs raises HRC prices by $20/t
American steelmaker Cleveland-Cliffs Inc. has announced an increase in the monthly spot price for hot-rolled coils by $20 per tonne, from $730 per tonne to $750 per tonne. This is stated in a letter to…
Global Steel Wire Rod Prices Decline Amid Weak Demand and Market Uncertainty
Steel Wire Rod prices in the USA, Germany, and China have shown a downward trend due to weak demand, market uncertainty, and disruptions in the global supply chain.India's finished steel imports from China hit 7-year high in April-August, data shows
India's finished steel imports from China hit a seven-year high during the first five months of the 2024/25 financial year, provisional government data reviewed by Reuters showed.Nippon Steel to sell $211 mln in assets to manage debt amid U.S. Steel deal
Nippon Steel (5401.T) to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it waits…Steel prices avoid a fall spike
Could we be entering a period devoid of wild price swings? With the U.S. Department of Commerce turning its attention to imports of coated steel, U.S. manufacturers might have to start looking for domestic sourcesChina Steel Corp slashes domestic steel prices
China Steel Corp Chian's largest steelmaker, yesterday slashed steel quotation prices for domestic deliveries next month and next quarter as already sluggish demand worsened.Cleveland-Cliffs considering pulling out of plan for Middletown Works
Cleveland-Cliffs is considering moving away from plans announced earlier in March to overhaul the ironmaking systems and installing a new environmentally friendly system at the Middletown Works, a plan the company said would ensure union…Japan, US face shared challenge from cheap China steel, Japan PM hopeful says
Japan and the United States should avoid confrontation about the steel industry and work together amid competition from China, the world's top steelmaker, leading prime ministerial candidate Shinjiro Koizumi said on Saturday.Chinese HRC granted breather, Formosa maintains HRC prices
Vietnam’s Trade Remedies Authority has extended the questionnaire submission date for domestic manufacturing companies and importers in its anti-dumping investigation against hot rolled coil imports from China and India.Kanto monthly scrap export tender price falls
The Kanto Tetsugen monthly Japanese scrap export tender closed lower on WednesdayUS locks in steep China tariff hikes, some industries warn of disruptions
The Biden administration on Friday locked in steep tariff hikes on Chinese imports, including a 100% duty on electric vehicles, to boost protections for strategic industries from China's state-driven industrial practices.