Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Australia may lose $45 bln amid green steel rush, report says
Top global iron ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using renewable…
Steel Dynamics helping with proposed U.S. 30 improvements in Whitley County
Proposed changes to a busy stretch of U.S. 30 in Whitley County were unveiled Wednesday morning by Indiana Governor Eric Holcomb during a media event at Steel Dynamics east of Columbia City.
Tampa Bay Steel to be aquired by Canadian company for $79.5M
Tampa Bay Steel has operated out of Tampa for more than 40 years.
India's Apr-Oct finished steel imports at seven-year high
India's finished steel imports during April-October surged to a seven-year high at 5.7 million metric tons, according to provisional government data reviewed by Reuters on Wednesday.
Nucor raises HRC prices by $10/t
US steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $10 per tonne compared to the previous week, to $750 per short tonne. This is evidenced by the…
Iron ore prices down 3% since the beginning of November
Since the beginning of November 2024, iron ore futures on major Asian exchanges have been declining, reflecting global economic trends and expectations of stimulus measures from China.Cleveland-Cliffs widens North American lead as top flat-rolled steel producer with new acquisition
Cleveland-Cliffs Inc. led Northeast Ohio's mergers and acquisitions activity for the week by completing its $2.8 billion cash and stock acquisition of Stelco Holdings Inc. of Ontario, Canada, for about $2.8 billion in cash and…New green steel firms could reap rewards as EU carbon tariffs loom
On Thailand's eastern coast, plans are underway to build an electric arc furnace that will deliver green steel to Europe and benefit from contentious new rules that will force buyers to pay tariffs on high-carbon…Nucor Louisiana reaches world record for DRI production per day
Tenova, an Italian company that is part of the Techint Group and specializes in innovative solutions for the steel and mining industries, announced that a subsidiary of the American steel giant Nucor Corporation, Nucor Steel…ArcelorMittal could boost Ukraine steel output if situation stabilises
ArcelorMittal , the world's second-largest steelmaker, could more than double annual production by at least 3 million metric tons in war-torn Ukraine if the situation stabilises there, the steelmaker's Chief Financial Officer Genuino Christino told…ArcelorMittal could boost Ukraine steel output if situation stabilises
The Japanese steel industry is feeling a "sense of crisis" as the country's steel imports for the April-September period reached a 10-year high, with supply from China hitting a record high, an executive of Nippon…Nippon Steel seeks to close US Steel deal before Trump returns to White House
Japan's Nippon Steel (5401.T), opens new tab hopes to close its $15 billion deal to buy US Steel (X.N) by year-end before Republican Donald Trump retakes the White House in January, a senior executive said,…
Low steel prices affect Tata Steel’s performance in the UK and the Netherlands
The reduction in steel spreads in the first half of 2024/2025 (April-September) affected Tata Steel’s financial performance in the UK and the Netherlands. This is stated in the company’s financial report.
How Japan Can Strengthen the U.S. Steel Industry
Blocking Nippon Steel’s investment would leave the U.S. steel industry more consolidated and less competitive against its Chinese rivals.U.S. Steel Stock Soars on Trump Victory. That Doesn’t Mean a Deal Is Likely.
United States Steel stock soared as Donald Trump won a second term in the White House.
Scrap consumption in China to fall by 3% y/y in 2024 – analysts
Consumption of steel scrap in China will decrease by 3% in 2024 compared to 2023. This was stated by Fubao analysts at the 2025 China Metal New Materials and Circular Economy conference, Kallanish reports.China Tangshan billet prices trend downwards
Billet prices in Tangshan in North China's Hebei province declined during the week of October 28-November 3 in tandem with softening rebar futures prices.China's HRC output slips for 3rd week
Production of hot-rolled coils (HRC) among the 37 Chinese flat steel producers Mysteel regularly monitors inched down for a third week during October 24-30 to 3.03 million tonnes, slipping by another 11,000 tonnes or 0.36%…
Tuesday's US elections to remove some steel-outlook opaqueness
After the US steel supply chain spent most of 2024 reluctant to commit to restocking and long-term investments due to uncertainty over federal policy shifts next year, Election Day finally arrives on Tuesday to lift…