Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
April 2024 crude steel production
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 155.7 million tonnes (Mt) in April 2024, a 5.0% decrease compared to April 2023.
Indian steel mills fear surge in Chinese imports after U.S. tariffs
India's steel industry, already reeling from cheaper imports, is worried about a surge in shipments from China after the United States imposed tariffs on Chinese steel, industry executives and analysts said. U.S. President Joe Biden…
AISI Applauds Biden China Tariff Hike Announcement
President Joe Biden today announced that he is directing the U.S. Trade Representative (USTR) to increase tariffs under Section 301 of the Trade Act of 1974 on $18 billion of imports from China – including…German Stainless Steel-HR Coil Price Stabilises in May Amidst Market Challenges
In a recent development in the steel industry, the Stainless Steel-HR Coil market in Germany has shown interesting dynamics amidst a backdrop of shifting market conditions and global challenges.China Steel planning to raise prices next month
Could this transparency in pricing lead to more stability in the domestic steel market?
Global steel demand continues to grow, prices rise
Global steel demand picks up. Steel prices for May and partly for June already raised. US government increases Section 301 punitive tariffs against Chinese steel and aluminium imports. And the global purchasing managers’ index climbs…Metal prices set to remain high in 2024-25
The World Bank’s metals and minerals price index rose 9 percent in April 2024 (m/m), following a relatively stable first quarter. Recent price increases reflected positive sentiment about stronger demand amid concerns of supply disruptions…
World scrap collection in 2023 fell by 12% y/y
Global consumption of steel scrap by steel enterprises in 2023 decreased by 12% compared to 2022, to 411.28 million tons. The figure contrasts with a slight increase in global steel production, up 0.2% to 1.155…BHP-Anglo American deal raises alarm in Japan's steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group (BHP.AX), opens new tab could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo…
Majestic Steel Unveils Cutting-Edge Service Hub, Redefining Steel Distribution in America’s Industrial Heartland
Majestic Steel USA announces the grand opening of its cutting-edge Arkansas service center and mass distribution facility. Located in the largest steel-producing region in the U.S., the facility is designed to revolutionize steel processing and…Bill Gates-backed startup opens its first innovative steel production plant
Bill Gates-backed startup opens its first innovative steel production plant: 'A significant step towards a cleaner, more sustainable, and circular steel industry'. This new approach aims to address the massive environmental impact of traditional steel…
Ferrous scrap prices remain robust
Ferrous scrap prices in the EU remain very robust. Stainless steel scrap continues its upward trend. And anti-circumvention results for cold rolled stainless steel bring significantly more transparency to the supply chain.US March Steel Shipments Up 3.4 Percent From Prior Month
The American Iron and Steel Institute (AISI) reported today that for the month of March 2024, U.S. steel mills shipped 7,338,349 net tons, a 5.7 percent decrease from the 7,779,430 net tons shipped in March…
EU clears $14.9 bln purchase of U.S. Steel by Japan's Nippon
The European Union cleared U.S. Steel's (X.N), opens new tab $14.9 billion buyout by Japan's Nippon Steel (5401.T), opens new tab on Monday, allaying competition concerns from a deal that has drawn political opposition in…Germany imported 155 thousand tons of steel from third countries in January-February
In January-February 2024, Germany increased its imports of rolled steel products from third countries by 1% compared to the same period in 2023, to 154.98 thousand tons. This is based on GMK Center’s calculations based…Nucor Steel Berkeley breaks ground on $425 million expansion project
Nucor Steel Berkeley broke ground on the construction of a new galvanizing line on Thursday, May 2.US stainless steel prices continue to rise in May 2024
US stainless steel prices continue to rise in May. FED maintains interest rate level. Asian stock markets are friendly. And will thyssenkrupp sell up to 50% to Czech investor?India's Jindal Stainless to invest $647 mln for acquisitions, increasing capacity
India's Jindal Stainless (JIST.NS), opens new tab said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion.Iron ore price to exceed $100/t in 2024 – HSBC
The price of iron ore will exceed $100 per ton on average this year. This is the forecast of the British international commercial bank HSBC Holdings, Bloomberg reports.