Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Stainless steel prices rise in Southeast Asia
A major Southeast Asian stainless steel manufacturer has announced price increases. The Japanese economy is on course for growth. And the LME suspends two nickel brands from Finnish producer Norilsk Nickel Harjavalta Oy.
US miners push Washington to revive long-dormant Bureau of Mines
Mining trade groups plan to push Washington to revive and expand the long-dormant Bureau of Mines, an effort aimed at streamlining how the U.S. government regulates and supports critical minerals production and timed to coincide…
Global prices for hot-rolled coils declined in June
The automotive industry and the production of household appliances in the EU have problems with sales of their products
Italian steel plant launches trial to use hydrogen to cut emissions
Italian gas grid operator Snam (SRG.MI), opens new tab, steel pipe maker Tenaris (TENR.MI), opens new tab and green technology firm Tenova are trialling the use of hydrogen fuel at a Tenaris steel plant in…
EU stainless steel prices continue to rise in July 2024
EU stainless steel prices continue to rise in July 2024, driven in particular by scarce availability. And the German Ministry of Defence orders ammunition, trucks and tanks for more than 14 billion euros.
Turkey opens stainless steel anti-dumping case against China and Indonesia
Turkey initiated anti-dumping investigation against cold-rolled stainless steel imports from China and Indonesia on 28 June 2024. And raw material prices in the first half of 2024 have risen in many cases.
Tata Steel workers in UK suspend strike action
Tata Steel workers in Britain have suspended a planned all-out strike and overtime ban after the company agreed to negotiations about future investment, the Unite trade union said on Monday.
Iron ore prices fell by $7-10/t in June
The negative dynamics are related to the weakening of the demand for steel and the increase in port stocks of ore in China
Italian rebar producers plan to raise prices up to €400/t
Italian rebar producers are trying to bring domestic benchmark prices for their products up to €400/t Ex-Works. This is the second time in the last month that the plants have resorted to raising prices. In…
Nucor cuts weekly HC coil prices to lowest since April
American steelmaker Nucor has announced a $35/t decrease in weekly hot rolled coil (HRC) prices – to $680 per short ton. This is reported by BigMint with reference to the company’s data.
JSW Steel USA to invest $110 million to upgrade manufacturing operations in Texas
The upgraded facility will align with Buy America's requirements, providing specialised steel products for hydrocarbon pipelines, offshore wind towers, high-density pressure vessels, and other sophisticated applications.
Worldsteel figures show China ramping up furnaces again
China, India and Turkey all contribute to May 2024 global steel output that surpasses production from one year ago.
Metal prices set to remain high in 2024-25
The World Bank’s metals and minerals price index rose 9 percent in April 2024 (m/m), following a relatively stable first quarter. Recent price increases reflected positive sentiment about stronger demand amid concerns of supply disruptions…
Germany reduced steel production by 1.9% y/y in May
Pig iron production fell by 3.3% y/y, and rolled steel – by 3.4% y/y
Steel Prices Decrease, Surge of Vietnamese Steel Imports Fuel Dumping Concerns
U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices fell…
China's steel sector looks a little healthier, or does it?: Russell
It is a case of one step forward, two steps back for China's steel and iron ore sectors, with positive production data being countered by ongoing concerns over the struggling property sector.
Iron ore prices adjust after rising in May
Commodity prices remained high last month thanks to stronger steel demand and increased capacity utilization in China
China's strong iron ore imports contrast with weak steel output
The strength in China's iron ore imports this year stands in stark contrast to the weakness in steel production and demand, setting up a dilemma as to how the contradiction will be resolved.
Prices on the European ferroalloy market remain in a wide range
Merafe will stop publishing quarterly reference prices for ferrochrome starting in June