Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor raises prices for hot-rolled coils for the fourth time since the beginning of the year
American steelmaker Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from February 17, 2025, the base price will be $820 per short tonne for all of the…
US tariffs on steel imports may have a ripple effect – Metinvest
US tariffs on steel imports could lead to undesirable consequences for Ukrainian steelmakers and Metinvest Group. This is reported in an Associated Press article.
Pig iron prices in Black Sea ports fall to their lowest since 2020
Pig iron prices in the Black Sea ports fell to their lowest level since August 2020 in early 2025, reaching $330/t as of February 14. A corresponding decline in the Black Sea market has been…
ArcelorMittal invests $1.2 billion in construction of a plant in Alabama
Global steel company ArcelorMittal is continuing to implement plans to build a modern non-grained electrical steel (NOES) plant in Calvert, Alabama, USA.Global rebar prices have increased in most regions since the beginning of the year
At the beginning of 2025, the global rebar market is in a state of instability. Most regions are experiencing price growth, while Turkey and Northern Europe are experiencing a slight decline. Market dynamics are driven…
Global scrap prices recovered by 1.5-2% since the beginning of the year
The global scrap market started 2025 with mixed dynamics. In the US and Europe, prices are gradually rising amid limited supply and strong demand, while in China they are declining due to weak activity in…Nucor and Gerdau announce $40 price increase for rebar
American producers explain the increase by a significant increase in costs and leave room for adjustments. Two US steel companies, Nucor and Gerdau, have announced a $2 per hundred pounds (equivalent to $40 per short…
Baosteel raises flat steel prices for March sales
Chinese steelmaker Baosteel is raising its flat steel prices for March domestic sales after three months of stability.Nucor raises HRC prices for the third time since the beginning of the year
American steelmaker Nucor has announced another increase in its spot price (CSP) for hot rolled coil (HRC). Starting February 10, 2025, the base price will be $790 per short tonne for all of the company’s…
Hot-rolled coil prices have increased in most markets since the beginning of the year
The beginning of 2025 brought an increase in hot-rolled coil prices in most regions, although the market remains volatile. European and American producers are trying to raise prices despite weak demand, while prices in China…Trump to announce 25% steel and aluminium tariffs in latest trade salvo
President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up of…
Nippon Steel considers changing its plan for the US Steel deal
Japanese steelmaker Nippon Steel is considering a bold change in its plan compared to its previous approach to buying US Steel. This was stated by Chief Cabinet Secretary Yoshimasa Hayashi, Reuters reports.Iron ore prices recover in early February
Iron ore prices in early February 2025 were marked by an increase after a decline in January. As of February 6, May futures on the Dalian Exchange stood at $112.22/t, up 5.6% from the end…US consumers sue to block US Steel takeover
A group of US consumers has filed a lawsuit against Japanese steelmaker Nippon Steel to block its proposed acquisition of US Steel. They claim that the deal threatens to reduce competition and raise prices for…
ArcelorMittal raises prices for flat products in Europe by €30/t
Global steelmaker ArcelorMittal has announced a €30/t price increase for steel coils in Europe, effective for shipments in April.Update of ASEAN Long Steel Demand in 2023
Overall long steel demand in ASEAN-6 shrank moderately, by 1.5 million tonnes to 35.3 million tonnes in 2023. Production declined by 1.2 million tonnes to 32.8 million tonnes.Steel Shipments Down 3.6 Percent in 2024
The American Iron and Steel Institute (AISI) reported today that for the month of December 2024, U.S. steel mills shipped 7,145,016 net tons, a 0.9 percent increase from the 7,082,921 net tons shipped in December…Nucor raises prices for hot rolled coil to $775/t
American steel company Nucor has announced an increase in the spot price (CSP) for hot rolled coil (HRC) to $775 per short ton, up $15 from last week. This is the second weekly increase in…
Anti-dumping duties against Bulgarian rebar in Canada will reduce steel exports from Ukraine by 60-80 ths tons
The Canada Border Services Agency (CBSA) introduced final anti-dumping duty of 15.9% against rebar from Bulgaria (Promet Steel) in mid-December 2024.