Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
In July 2025, the global rebar market showed mixed trends: prices in China rose sharply amid expectations of stimulus measures, remained stable in the US, and showed weak dynamics in Europe and Turkey. Despite local…
India's finished steel imports dropped nearly 30% in the first three months of the financial year that started in April, due to a persistent fall in shipments from China and Japan, according to provisional government…
According to data from the American Iron and Steel Institute (AISI), US steelmakers reduced their imports of rolled steel by 7.6% month-on-month to 1.64 million tonnes in June 2025.
US copper prices are not fully pricing in the tariffs imposed by Washington, analysts at Bank of America argue.
The profitability of Chinese steel mills began to recover last month, with the improvement likely to accelerate in the second half of the year if the government delivers on its pledges to tackle overcapacity.
HRC prices in Northern Europe have fallen to €530/t, but demand is beginning to recover ahead of Q4 and CBAM
Several leading US steel companies have announced price increases for rebar and wire rod. The increase amounted to $60 per short ton, Kallanish reports, citing letters to customers.
Feng Hsin Steel, Taiwan's largest rebar producer, has decided to roll over its rebar list prices and procurement prices of local scrap for transactions over July 21-25 after the price cut over the prior week,…
Several leading US steel companies have announced price increases for rebar and wire rod. The increase amounted to $60 per short ton, Kallanish reports, citing letters to customers.
In July, the global iron ore market showed significant price growth due to a combination of positive fundamental and expected political factors. September futures on the Dalian Exchange reached $112.74/t as of July 21, the…
US steel company Nucor announced a reduction in its weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of July 21-27, 2025, fell by 1.1% or $10/t compared to the previous week,…
The recycled steel (scrap) market continues to feel the burden of macroeconomic instability this year. This is stated in a report by World Mirror, a division of the World Recycling Association (BIR).
Top U.S. steelmakers' second-quarter fortunes are likely to be a mixed bag, caught between a fillip from higher steel prices and uneven demand amid uncertainty over U.S. President Donald Trump's tariffs.
The Chinese embassy in Ottawa criticized duties slapped by Canada this week on Chinese imported steel, saying on Friday they violated World Trade Organization (WTO) rules and disrupted the global trade order.
Japan and the European Union will consider joint public-private partnerships as they look to reduce their reliance on China in areas such as the procurement of rare earths, the Nikkei newspaper reported on Thursday.
Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
Indian hot rolled coil export prices to Europe are largely stable week-on-week while cold rolled coils are marginally down by $5/tonne on-week, as demand remains slow ahead of summer holidays in the region, Kallanish learns…
In the second quarter of 2025, mining company Rio Tinto achieved its highest level of iron ore production in Australia’s Pilbara region since 2018. Total production amounted to 83.7 million tons, which is 20% more…