Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Coking coal prices in China fall amid oversupply
Spot coking coal quotations in China (EXW, Anze) decreased by $2.6/t to $170.72/t between May 16 and 23, according to Kallanish. This situation was caused by negative market sentiment and rising stocks.
Nucor reduces HRC prices for the fourth consecutive time – down to $870/t
???rican steelmaker Nucor announced another reduction in its weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of May 26 – June 1, 2025, dropped by 1.1% or $10/t compared to the…
US will have golden share in Nippon Steel's takeover of US Steel, US senator says
The U.S. government will have veto power over key decisions relating to U.S. Steel as part of a deal with Nippon Steel that would approve the Japanese firm's bid for the well-known steel company, a…Spain increased steel production by 6.1% y/y in January-April
In January-April 2025, Spanish steelmakers increased steel production by 6.1% compared to the same period in 2024, to 4.32 million tons. Thus, the country is ranked 16th in the global ranking of steel producing countries…ExclusiveSlab prices in Europe fell by $10-20/t in May
Regional markets are experiencing multidirectional dynamics of slab prices. Russian dumping, hot rolled coil (HRC) prices and US tariff policy remain the key influencing factors.
India's finished steel imports fall 11.3% in April as China, Japan shipments slow
India's finished steel imports fell 11.3% year on year in April to 0.5 million metric tons following a decline in shipments from China and Japan, according to provisional government data reviewed by Reuters on Thursday.
Germany reduced steel production by 10.1% y/y in April
In April 2025, German steelmakers reduced steel production by 10.1% compared to the same month in 2024, to 2.95 million tons. Compared to the previous month, the figure fell by 5.2%. This is evidenced by…Nucor has cut prices for hot rolled coils to $880/t for the third time since May
Offers for the week of May 19-25 fell by $20/t, and since the beginning of the month – by $50/t
Stainless steel prices in Europe will continue to decline – Assofermet
A drop in cold-rolled stainless steel prices and production costs for European producers in the third quarter of this year will make their products more competitive with imports from Asia, including China and Indonesia.Rio Tinto forecasts stable demand for iron ore in China
British-Australian mining concern Rio Tinto expects stable demand for iron ore in China. The company’s CEO Jakob Stauscholm said this at a recent Bank of America conference, Kallanish reports.Moody’s expects iron ore prices to remain stable at $80-100/t in the coming years
International rating agency Moody’s expects iron ore prices to remain at $80-100 per tonne in the next 12-18 months. This forecast is driven by weak demand from China and high supply on the global market,…Thyssenkrupp's profit plunges as tariff uncertainty hits demand
Thyssenkrupp's operating profit plunged in the second quarter, hurt by what the German conglomerate said was high economic uncertainty among most of its customers and regions due to higher tariffs, notably in automotive and steel.China Steel cuts domestic prices amid low demand
China Steel Corp, the nation’s biggest steelmaker, yesterday announced sweeping price cuts by NT$600 per tonne for domestic delivery next month in response to customers’ conservative demand prospects as they grapple with volatility in foreign…India plans tariff retaliation over US steel duty
India has proposed retaliatory tariffs on select US products, in response to US duties on steel and aluminium imports. The proposed measures target $7.6 billion worth of imports.Steelmaker Nucor halts some production after cyber security incident
Steelmaker Nucor (NUE.N), opens new tab said on Wednesday it had halted certain production at various locations after identifying a cyber security incident that involved unauthorized third-party access to certain information technology systems it used.Nucor cuts hot rolled coil prices for the second time in May
American steel company Nucor has announced a reduction in the weekly spot price (CSP) for hot rolled coil (HRC). Offers for the week of May 12-18, 2025 fell by 1.1% or $10/t – to $900…Baosteel maintains current flat steel prices for June sales
China’s leading steelmaker Baosteel has maintained current prices for flat products for sale on the domestic market in June.Indian rebar prices fell by $8/t in early May
Offers for rebar in India fell from $689/t to $681/t EXW Mumbai for the period from May 2 to May 9, according to Kallanish. The market is adjusting after the government imposed a 12% tariff…Salzgitter's results hit by subdued economic environment in Europe, tariff threat looms
Salzgitter (SZGG.DE), opens new tab reported first-quarter results below analysts' expectations on Monday, as subdued economic developments in Europe, and especially Germany, weighed on its steel production and steel processing businesses.