Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Canadian 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 government
Scrap shortage situation in Europe will get worse – Federacciai
The industry association also points to high electricity prices for Italian steelmakersTurkey’s long steel quotes continue to rise
Turkish mills have further increased their export quotes this week amid China's recovery, improved order books and production stoppages.Indian steelmakers seek higher tariffs as ‘predatory’ Chinese imports surge
India’s steelmakers have called on the government to double tariffs on steel imports to curb a surge in cheaper steel shipments from China, according to a letter from an industry association seen by Reuters.Japan seeks to improve protective measures against Chinese steel
The Ministry of Economy, Trade and Industry of Japan is seeking to expand the scope of anti-dumping duties to cover Chinese steel among other goods transiting through third countries.Global pig iron production fell by 6.7% m/m in August
In August 2024, the global production of pig iron fell by 6.7% compared to the previous month – to 112.57 million tons. Compared to August 2023, the indicator decreased by 5.8%. This is reported by…Turkey increased steel production by 13.8% y/y in August
In August 2024, steel enterprises of Turkey increased steel production by 13.8% compared to the same period in 2023 – to 3.15 million tons. Compared to the previous month, the indicator increased by 3%. This…Indian rebar prices rise on restocking, higher costs
Indian rebar prices in the secondary market have gained momentum since late last week, driven by restocking activity and rising domestic metallics prices.Billet offer prices rise in China, ASEAN
Billet offer prices have risen in China and ASEAN after Chinese steel markets reacted positively to Beijing’s latest stimulus rollout, Kallanish notes.China's steel prices continue to rally in September
On September 24, China's National Development and Reform Commission (NDRC) released its latest survey on key wholesale steel markets across the country, including South China, Shanghai, and Tianjin, with the survey results showing that Chinese…Nucor Holds Prices Steady Amid Downward Pressure in Steel Plate Market
The US Steel Plate market has been experiencing a period of stability with a slight downward trend in recent weeks. In the second week of September, Steel Plate prices saw a modest decline of 1%,…No price increase is expected in the scrap market
Scrap production in the EU is decreasing in parallel with the decrease in steel production volumesCleveland-Cliffs raises HRC prices by $20/t
American steelmaker Cleveland-Cliffs Inc. has announced an increase in the monthly spot price for hot-rolled coils by $20 per tonne, from $730 per tonne to $750 per tonne. This is stated in a letter to…Global Steel Wire Rod Prices Decline Amid Weak Demand and Market Uncertainty
Steel Wire Rod prices in the USA, Germany, and China have shown a downward trend due to weak demand, market uncertainty, and disruptions in the global supply chain.India's finished steel imports from China hit 7-year high in April-August, data shows
India's finished steel imports from China hit a seven-year high during the first five months of the 2024/25 financial year, provisional government data reviewed by Reuters showed.Nippon Steel to sell $211 mln in assets to manage debt amid U.S. Steel deal
Nippon Steel (5401.T) to sell at least 30 billion yen ($211 million) in assets in this fiscal year to manage its debt, the Nikkei quoted its vice chairman as saying on Friday, as it waits…