Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
China's foreign minister dismisses European worries over rare earths
China's foreign minister downplayed European worries over rare earth exports restrictions on Thursday, saying it was standard practise to control dual-use goods exports but that Europe's needs could be met if applications were submitted.Washington passes major bill cutting EV incentives
The bill, which is intended to axe support for healthcare and clean technologies to fund $4.5 trillion in tax cuts and a $150 billion boost in defence spending, received 212 votes in favour and 211…
Indian rebar prices fall further on monsoon-hit demand
Prices for 12-32mm IS 1786 Fe 550D rebar from primary mills are assessed at INR 51,000-51,500/tonne ($598-604/t) ex-Mumbai, while 12-25mm IS 1786 Fe 500D secondary rebar is trading at INR 41,000-41,200/t ex-Raipur. Both segments have…
Nucor raised prices for hot-rolled coil by $10/t
US steel company Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of June 30 to July 6, 2025, rose by 1.1% or $10/t compared to…Copper’s tariff high fails to lift other LME metals
Doctor Copper hasn’t been quite the same since US President Donald Trump announced an investigation into US imports back in February. The resulting tariff trade has pulled the global supply chain out of shape, creating…Tangshan billet price remains largely stable WoW
The price of Q235 150mm square billet in North China's Tangshan under Mysteel's assessment sat at Yuan 2,920/tonne ($408/t) EXW and including the 13% VAT as of June 29, the same level as a week…
China to extend anti-dumping duties on imports of some stainless steel
China will extend its anti-dumping duties on some stainless steel products from certain countries and regions for another five years from Tuesday in a bid to protect domestic manufacturers.
India's April-May finished steel imports fall 27.6% year-on-year as China, Japan shipments decline
India's finished steel imports fell 27.6% in the first two months of the financial year that started in April, as shipments from China and Japan declined, provisional government data reviewed by Reuters showed on Tuesday.China to extend anti-dumping duties on imports of some stainless steel
China will extend its anti-dumping duties on some stainless steel products from certain countries and regions for another five years from Tuesday in a bid to protect domestic manufacturers.Voestalpine to supply steel for BYD’s Hungary plant
Chinese electric vehicle (EV) producer BYD says it has agreed to procure steel from Austrian steelmaker voestalpine for its new car factory in Hungary, Kallanish notes.Chinese mills' steel stocks rise
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey rose by 1.8% on week during June 20-26 to reach 4.34 million tonnes, bringing an end…China's rare earths are flowing again, but not freely
The threat of mass shutdowns across the automotive supply chain is fading as Chinese rare earth magnets begin to flow, though automakers and suppliers say production plans still face uncertainties and a continued risk of…Taiwan to impose anti-dumping duties on Chinese beer, steel for four months
Taiwan's finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan's industry.Hadeed’s July rebar pricing expected to guide market
Scrap prices in Saudi Arabia have softened slightly this week following the benchmark mill's procurement price rollover. However, growing concerns over delayed payments from mills have led to tightening supply from local scrap collectors, which…US increased its imports of rolled steel by 10.4% m/m in May
According to data from the American Iron and Steel Institute (AISI), US steel companies increased their imports of rolled steel by 10.4% in May 2025 compared to the previous month, to 1.78 million tons.India’s steel ambitions hit scrap supply hurdle
With India aiming to raise crude steel output from around 150 million tonnes/year currently to 220mt/y by 2030, a key concern is the availability of scrap to support this growth as the entire industry is…Britain set to impose tougher than expected caps on steel imports
The British government is set to impose tougher than expected trade caps on steel, limiting imports from Vietnam, South Korea and Algeria to better defend its domestic supply from the fallout of a global trade…US tariffs cost German carmakers €500m
Currently, the US is implementing a 25% levy on imports of autos and auto parts from several markets, including the European Union. In an interview with the Funke Media Group, VDA’s president Hildegard Müller said…Chinese mills' steel stocks decline further
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey shrank further during June 13-19, with the total volume down for the fourth straight week, albeit…