Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
US signs deals with Southeast Asian countries
US President Donald Trump has signed a series of deals with Cambodia, Malaysia, Thailand, and Vietnam, Kallanish understands. The news comes as the US seeks to secure critical mineral sources independent of China, while Washington…Chinalco orders highly advanced aluminum hot rolling mill from SMS group
Chinalco Southwest Aluminum Co., Ltd. (SWA), headquartered in Chongqing Xipeng, China, and SMS group have signed a contract for the supply of a new 1+4 aluminum hot-strip mill.
Italian rebar makers lift prices
Italian rebar producers are targeting a €40/tonne ($46/t) increase for November contracts, citing unsustainable current price levels and the need to restore margins.
Goldman Sachs raises iron ore price forecast for 2026 to $93/t
Goldman Sachs has raised its iron ore price forecast for 2026 to $93/t (previously $88/t), according to Bloomberg.
The global rebar market remains under pressure from weak demand in the fall
In October 2025, the global rebar market is showing contradictory dynamics. Despite mostly stable commodity prices, weak demand and uneven activity in the construction sector remain the main constraints.Mining giant Grupo Mexico's Q3 profit up over 50%
Mining and transportation conglomerate Grupo Mexico reported third-quarter net profit that climbed more than 50%, boosted by higher sales volumes of molybdenum, silver and zinc.Thyssenkrupp steel boss to leave, sources say
The head of Thyssenkrupp's steel business, Dennis Grimm, has decided to leave the division, two people familiar with the matter said on Tuesday, robbing the unit of its leader as talks over a sale to…
Nucor raises prices for hot rolled coils to $885/t
The company's third-quarter profit exceeded expectations, in particular due to higher product pricesNew tariffs and CBAM will push up steel prices in the EU and the UK – forecast
Steel prices in the EU and the UK will rise after new tariffs and the Cross-Border Carbon Adjustment Mechanism (CBAM) come into force. This is the forecast of British steel supplier All Steels.Jan-Sept crude steel output in China's key steel hubs falls YoY
Crude steel production among China's top ten steelmaking provinces and autonomous regions slid by 3.27% on year to total 534.15 million tonnes during this year's January-September period, according to the latest data released by the…
Global hot-rolled coil market seeks balance between growth in Europe and decline in China
The EU is supporting prices through trade protection, while China is facing a decline in demand and export pressure
China’s EV battery recycling market to exceed $14 billion
China’s State Administration for Market Regulation (SAMR) expects the domestic power battery recycling market to exceed CNY 100 billion ($14.04 billion) in 2030, Kallanish learns.Canada to exempt some steel and aluminum from the US and China from tariffs
Canada has proposed removing tariffs on certain steel and aluminum products imported from the US and China, Reuters reports, citing a government document published late last week.Rio Tinto ramps up Simandou stockpiles to 2 million tons for first shipment
Rio Tinto has stockpiled 2 million metric tons of high-grade iron ore at its Simandou project in Guinea for a mid-November shipment, three sources told Reuters, which would be the first from the mega-mine set…Oversupply keeps China's CRC prices weak
China's prices of carbon steel cold-rolled coil (CRC) are expected to remain weak this month from the dual impact of persistently high delivery volumes to local markets and limited upside demand from end-users such as…India increased steel exports by 24% m/m in September
In September 2025, India increased its steel exports (including stainless steel) by 24% month-on-month to 1.07 million tons, the highest volume recorded since March 2024, according to BigMint.
Global scrap market balances between different trends in October
Global prices are moving unevenly: the US and Turkey are experiencing growth, while the markets in China and the EU remain under pressureArcelorMittal raises prices for hot-rolled coil in Europe
The price for December deliveries has been set at €630/t. ArcelorMittal, one of Europe’s leading steel producers, has raised its prices for hot-rolled coil (HRC) in Europe to €630/t for December deliveries, Fastmarkets reports.Prices for OCTG pipes in North America remained stable in September
Quotations for welded pipes in Turkey fell by $18 per tonne over the same period due to weak demand in the EU