Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
China's Jan-May rebar output falls 1.6% YoY
China produced a total of 82.3 million tonnes of rebar over January-May, marking a 1.6% on-year decline, according to the latest data released by the National Bureau of Statistics (NBS) on June 19. This drop…
Hot rolled coil prices in the EU may drop to €570/t – WSD
The European hot-rolled coil (HRC) market remains under pressure due to weak demand, oversupply, and falling prices. At the same time, European Steel Dynamics News Service predicts a possible recovery in the second half of…
Global rebar prices have been under pressure since early June
The global rebar market showed mixed dynamics in early June 2025. Although prices in most regions are under pressure due to seasonal slowdown and weak demand, the US market saw a sharp rise in quotations…Nucor raises prices for hot rolled coils for the second time since June
American steel company Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of June 16-22, 2025, rose by 1.1% or $10/t compared to the previous week,…
Iron ore prices have been mostly stagnant since early June
At the beginning of June 2025, the iron ore market remains uncertain, with signs of stagnation and limited volatility. Despite isolated spikes in prices, the overall trend since the beginning of June has been mostly…Nippon Steel exec says firm needs freedom to manage U.S. Steel, newspaper says
Shares of U.S. Steel dipped after a Nippon Steel executive told the Japanese Nikkei newspaper that its planned takeover of the company required "a degree of management freedom" to go ahead, even as sources told…India remains a net importer of rolled steel products despite slowdown in supplies
In April, imports of steel products decreased by 11.3% y/y, but volumes are still 144 thousand tons higher than exportsCanada considers steps to counter dumped steel imports
The Canadian government will soon announce measures to combat steel dumping from abroad and help local steelmakers affected by US tariffs. This was stated by Industry Minister Melanie Joly, Bloomberg reports.Nucor raises rebar prices by $60/t
American steelmaker Nucor Bar Group has raised prices for all types of rebar by $60/t ($3/cwt) for new orders received after June 5, 2025. This is stated in the company’s letter to customers.Baosteel keeps flat steel prices unchanged for the fourth consecutive month
China’s leading steelmaker Baosteel maintained the current price levels for flat products for sale on the domestic market in July, Kallanish reports.Nucor raises prices for hot rolled coil for the first time in 10 weeks
The American steel company Nucor has announced an increase in the weekly spot price (CSP) for hot rolled coil (HRC). Offers for the week of June 9-15, 2025 increased by 2.3% or $20/t compared to…Three major US steelmakers raise rebar prices by $60/t
At least three major US steel companies – Steel Dynamics, Commercial Metals Company (CMC) and Gerdau Long Steel North America – have announced a $60 per short tonne price increase for rebar. Kallanish reports this…Billet import prices drift in ASEAN
Offers for August-shipment 5sp 150mm billet of open origin, either Chinese or ASEAN, have fallen in Manila to $438-440/tonne cfr. Offers were at $440-445/t cfr the week before.
World scrap prices continue to stagnate in early June
At the beginning of June 2025, the global scrap market demonstrates overwhelming price stability after mixed dynamics in May. Despite some signs of localized growth, particularly in Italy, the overall sentiment remains subdued. Weakening demand…Global prices for hot-rolled coils decreased by 1-7% in May
In May 2025, the hot-rolled coil market in Europe, the US and China showed a general downward trend in prices. In Europe, the decline was driven by weak demand and pressure from cheaper imports, especially…China's steel prices to keep falling in June
Chinese steel prices will likely continue heading south this month, predicts Mysteel's chief analyst Wang Jianhua in his latest monthly outlook, blaming the further deterioration of market fundamentals and the continuing absence of government policies…China's HRC export prices slip, sales slow
China's export price for SS400 3mm hot-rolled coil (HRC) from North China's Tianjin port had declined by $7/tonne on week as of May 30 to sit at $455/tonne FOB, according to Mysteel's assessment.Global alarms rise as China's critical mineral export ban takes hold
Alarm over China's stranglehold on critical minerals grew on Tuesday as global automakers joined their U.S. counterparts to complain that restrictions by China on exports of rare earth alloys, mixtures and magnets could cause production…The global rebar market remained weak in May amid low demand
The global rebar market remained volatile in May 2025. Most regions faced weak demand, a seasonal slowdown in construction and pressure on prices. Only China and Turkey showed a slight increase, but the overall dynamics…