Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global stainless steel consumption in 2024 will grow by 4% y/y – WSA
Global consumption of stainless steel will grow by 4% by the end of 2024 compared to 2023, when the indicator grew by 3.2% y/y. This forecast was published by the World Association of Stainless Steel…
ArcelorMittal increases long steel prices in Europe by €40/t
Prices will increase for all types of long rolled products, including rebar, beam and wire rod
India needs to impose tariffs on steel imports, SAIL's chairman says
ndia needs to impose tariffs on steel imports for an even playing field for the domestic industry, Steel Authority of India's (SAIL.NS) Chairman Amarendu Prakash told Reuters on the sidelines of the FT Live Energy…Italian steelmakers follow the development of technologies in nuclear energy
The industry association believes that this can become a structural solution to the energy supply problem
Iron ore prices rise to 3-month high
Since the end of September, the market has been showing significant growth amid the stimulus of the Chinese economyBritish steel industry calls on the government to strengthen trade protection
The British steel industry has called on the government to consider further protectionist trade measures as the industry prepares for an influx of imported steel amid global overcapacity. This is stated in a report by…India's SAIL ties up with BHP to reduce carbon emissions
State-run Steel Authority of India (SAIL) (SAIL.NS) has signed a pact with global miner BHP (BHP.AX) to work on reducing carbon emissions at the Indian steel producer's plants that operate blast furnaces, SAIL said in…Germany's Thyssenkrupp reviews green steel production plans, shares fall
Germany's Thyssenkrupp (TKAG.DE) said on Monday it is reviewing its plans for the production of green steel, casting doubt over its ambitions to use hydrogen in its push to decarbonise what is one of the…
Bangladesh’s imported scrap offers climb despite weak demand
Imported scrap offers in Bangladesh have increased by nearly $10-15/t this week, despite limited buying interest.Japan's steel exports decrease in Jan-Aug y-o-y
According to the Japan Iron and Steel Federation (JISF), Japan's steel product exports approximately 21.3 million tons in the first eight months of 2024, decreasing by 4.2% from last year.ArcelorMittal raises prices for steel coils in Europe by €40/t
Global steelmaker ArcelorMittal has raised prices for hot-rolled coils (HRC) in Europe by €40/t to €590/t.A number of countries have exceeded the quota for hot-rolled steel since the beginning of Q4
A number of exporters have already exceeded their import quotas for hot-rolled steel in the “other countries” category since the start of the new quota period (October 1 – December 31). SteelOrbis reports this with…EU imported 10.2 million tons of iron and steel products from Ukraine in January-July
In January-July 2024, the European Union increased imports of Ukrainian mining and metals products by 4% year-on-year – to 10.21 million tons. This is according to GMK Center’s calculations based on Eurostat data.Italy cut steel production by 55% m/m in August
The production of rolled products fell by 64.3% m/m, and that of flat products – by 42% m/mCanadian steelmakers support duties imposition on Chinese steel imports
Members of the Canadian Steel Producers Association (CSPA) have signed an appeal supporting the introduction of targeted tariffs on steel imports from China. This is stated in the message of the industry organization.Steel market is experiencing the longest downturn in 20 years – Metinvest CEO
The global steel market is experiencing its longest downturn in 20 years, said Yuriy Ryzhenkov, CEO of Metinvest Group, at the Siderweb 2024 forum held on 26 September in Vicenza, Italy.Britain's biggest steel works to end production after 100 years
Britain's biggest steelworks will end production later on Monday, when the final blast furnace at Port Talbot in Wales will close after more than 100 years of steelmaking, at a cost of almost 3,000 jobs.Iron ore prices recover from deep decline
Market prospects have improved following the implementation of a broad economic stimulus package by the Chinese governmentScrap shortage situation in Europe will get worse – Federacciai
The industry association also points to high electricity prices for Italian steelmakers