Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Iran has banned the export of steel slabs and sheets until May 30, state media reported on Monday without further details, as the country's steel industry has been targeted in strikes during the conflict with…
U.S.-based miner Critical Metals has signed a letter of intent to purchase ?all outstanding shares of European Lithium in an about $835 ?million deal, a move that would secure its full ownership of Greenland's Tanbreez…
The U.S. and the European Union on Friday deepened their coordination on critical minerals as part of a broader push by Western allies to loosen China's grip on materials crucial to advanced manufacturing.
Unfortunately for Japan's Ministry of Economy, Trade and Industry (METI), its prediction for crude steel production last December has proven grimly accurate, with early industry data showing the country recorded its lowest crude steel output…
China's domestic steel prices continue to fluctuate within a narrow range, as demand has yet to see any significant recovery, according to the latest monthly report of the China Iron & Steel Association (CISA), warning…
Futures prices for CO2 emission allowances (EUAs, December 2026 contract) have ranged between €74 and €76 per ton since the second half of April.
Global steel production in March 2026 fell by 4.2% year-over-year and rose by 12.8% month-over-month, reaching 159.9 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).
In the first quarter of 2026, mining company Rio Tinto increased its total iron ore production by 12% year-on-year – to 82.8 million metric tons, according to a report. Production in the Pilbara region (Australia)…
Tokyo Steel, a leading Japanese electric arc furnace steel producer, raised prices for May HRC (1.7–22 mm) sales by 5,000 yen/ton ($31/ton) compared to the previous month, according to BigMint.
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined over April 10-16 to 4.71 million tonnes, slipping for the fifth consecutive week by 1.8%…
Mexico's President Claudia Sheinbaum said on ?Monday that Mexico is interested in reaching an ?agreement, prior to completing the review of the U.S.-Mexico-Canada trade pact, regarding the exchange of steel, aluminum ?and automobiles.
The imbalance between ample supply and weak demand for steel continues to grow
Japanese steelmaker Nippon Steel has begun transitioning from blast furnace production to electric arc furnace (EAF) production at its Kyushu Works facility, marking a significant step in its decarbonization strategy. This was reported by Japan…
In all regional slab markets, prices continued to rise in the first half of April, increasing by $15–20 per ton. The highest price was recorded in Brazil at $605/t (FOB).
Rising costs and weak demand have limited production, and March was the worst month for the industry since 2020
Decision to reduce duty-free quotas by 47% aimed at curbing Chinese imports
Nucor Corp. and Steel Dynamics are projecting a $1-per-share surge from the previous quarter as tariffs on imported steel bolster domestic production and demand.
The average price of KORE 62% Fe iron ore (Qingdao, CFR) in April (April 1–17), 2026, rose by 2.3% compared to March prices, reaching $108.78/t. As of April 17, the price stood at $108.04/t, up…