Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global coal demand to reach record high in 2024 – IEA
Global demand for coal will rise to an all-time high of 8.77 billion tons in 2024, the International Energy Agency (IEA) predicts in its report.
Hot Rolled Coil Prices in Europe Increase: Mills Push for Revenue Recovery
Prices for hot rolled coil in Western Europe have risen further in the past month as mills seek to regain lost revenue from the declines of 2024. As the steel industry looks to 2025, this…
U.S. Steel, Nippon sue Biden administration over decision to block merger
U.S. President Joe Biden violated the Constitution by blocking Nippon Steel's (5401.T) $14.9 billion bid for U.S. Steel through a sham national security review, the companies alleged in a lawsuit they said was filed on…Biden blocks takeover of U.S. Steel by Japan's Nippon Steel
U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the contentious plan after a year of review.US Steelworkers' union criticizes Nippon Steel's proposal for lack of long-term commitment
The United Steelworkers union expressed concerns about Nippon Steel's latest proposal that gives the U.S. government veto power over any potential reductions in U.S. Steel's production capacity, if they get the approval to merge.
China's 2025 iron ore imports set to hit new high even as steel demand dwindles
China's iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand,…
China's 2025 iron ore imports set to hit new high even as steel demand dwindles
China's iron ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing to weigh on Chinese steel demand,…Turkish merchant bar prices stabilise amid holiday lull
Turkish-origin export quotes for merchant bar remained mostly unchanged on-week, notes Kallanish.
Nippon Steel offers US government veto power in bid for US Steel approval, source says
Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American…China's HRC output dips by another 1.8% on week
Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors decreased further to 3.07 million tonnes over December 19-25, easing by another 55,800 tonnes or 1.78% on week, the results…Germany imported 630.9 thousand tons of steel from third countries in January-October
In January-October 2024, Germany reduced imports of rolled steel products from third countries by 5.3% compared to the same period in 2023, to 630.91 thousand tons. This is evidenced by GMK Center’s calculations based on…Moving the steel industry toward a sustainable future
In today's rapidly evolving industrial landscape, nothing rings louder than the call for sustainability. With environmental concerns mounting, industries are compelled to rethink their traditional ways.India sets six-month import cap on key steelmaking ingredient met coke
India will impose restrictions on the import of low-ash metallurgical coke, a key steelmaking ingredient, for six months starting January 1, 2025, a government order said on Thursday.Nippon extends the closing date to acquire U.S. Steel as Biden decides its fate
The president has about a dozen days to either approve or reject the controversial deal
Iron ore and scrap prices in 2025: in search of parity
Amid weakness of the economies of Turkey and the EU, the state of the market will increasingly depend on the actions of ChinaIron ore prices fell by 4-4.5% in December
Iron ore prices experienced a significant decline during the period of December 1-23, 2024. January futures on the Dalian Commodity Exchange fell by 4.5% to $105.38/t, and by 4% – to $100.55/t on the Singapore…US graphite producers call for 920% tariffs on Chinese imports
US graphite producers have called on Washington to impose tariffs of 920% on imports of the material from China.Rebar market sentiment weakens in Singapore, Hong Kong
Market sentiment for rebar in Singapore and Hong Kong weakened this week in tandem with the falling steel futures in China.India launches probe to determine 'safeguard duty' on steel as imports surge
India has launched an investigation to consider if it should impose a safeguard duty or a temporary tax to curtail unbridled steel imports, according to a government notice on Friday.