Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
India's JSW Infra reports highest-ever quarterly profit on strong cargo growth
Indian JSW Infrastructure (JSWN.NS), opens new tab on Monday reported its highest-ever quarterly profit since going public in October 2023, boosted by higher cargo volumes.
China's steel demand will likely flatten in 2025, says industry official
Steel demand in China, the world's largest producer and consumer, will likely flatten or dip slightly in 2025, industrial officials said, warning mounting risks facing steel exports due to growing trade frictions.
Spain increased steel production by 16.5% m/m in September
In September 2024, Spanish steel companies increased steel production by 16.5% compared to the previous month, to 990 thousand tons. Thus, the country ranked 16th in the global ranking of steel producing countries (71) by…
Turkish scrap seeks direction amid lacking import deals
Most Turkish mills' domestic scrap buying prices have remained unchanged from last week, while import prices softened amid weak buying interest.Biden administration approves ioneer's Nevada lithium mine
The U.S. Interior Department on Thursday gave final approval to ioneer's (INR.AX) Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by President Joe Biden's administration and…Turkey increased steel production by 6.5% y/y in September
In September 2024, steel enterprises in Turkey increased steel production by 6.5% compared to the same period in 2023, to 3.09 million tons. The figure decreased by 1.7% compared to the previous month. This is…Global steel output fell by 4.7% y/y in September
Steel production in the 71st country for the month amounted to 143.6 million tonsArcelorMittal stops production of long products in Asturias
Lack of orders and high energy costs led to the shutdown of some facilities in northern Spain
German producer prices fall more than expected in September
German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday.Elevated China steel exports set to persist, threaten to worsen trade friction
Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions.
Elevated China steel exports set to persist, threaten to worsen trade friction
Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions.Global Stainless Steel CR Coil Market Faces Mixed Trends Amid Supply Challenges and Rising Demand
The global Stainless Steel CR Coil market is navigating through diverse dynamics across major regions with the week ending on October 11th. Moreover, USA Stainless Steel CR Coil market, prices slightly dropped due to supply…Steel Dynamics earnings decline from previous quarter
Metals company says its aluminum facility will begin operating in mid-2025 and acknowledges a losing copper position from this summer.ArcelorMittal to buy Nippon Steel’s Calvert stake if US Steel deal successful
ArcelorMittal, a leading steel and mining company, has agreed to acquire Nippon Steel Corporation's 50% equity interest in the AM/NS Calvert JV.Iron ore prices correct after a sharp rise in early October
The market is avoiding significant losses thanks to hopes of additional economic stimulus from the Chinese governmentNucor is cutting HRC prices for the first time since early July
American steel producer Nucor announced a decrease in the weekly spot price (CSP) for hot-rolled coil (HRC) by $10/t compared to the previous week – to $720 per short ton. This is evidenced by the…ASEAN billet importers mull over price hikes
Suppliers are seeking sharp price hikes for imported billet in ASEAN after China’s return from the Golden Week holiday. While some offers have softened slightly since the start of last week, buyers have been slow…Baosteel has raised HRC prices for sales in November
Chinese steelmaker Baosteel has raised November domestic hot rolled coil (HRC) prices by 500 yuan per ton ($71/t).ThyssenKrupp Steel Warns of Cuts on Poor Steel Market
German steel industry leader ThyssenKrupp Steel (TKS) recently warned that workers at the Duisburg-headquartered company face deep cuts due to a declining European steel market.