Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Iron ore is the one major commodity that is sailing unaffected through the storm created by the U.S.-Israeli war on Iran, but the relative calm masks shifting dynamics for ?the key steel raw material.
China's exports of finished steel over January-May totaled 44.55 million tonnes, lower by 8.1% from the first five months of last year, according to the latest statistics from the country's General Administration of Customs (GACC)…
Prices of carbon steel billets in China are expected to ease slightly this month, mainly under pressure from subdued demand in the summer lull and fading cost support from raw materials prices, according to Mysteel's…
The US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $10 per short tonne compared to the previous week. This is stated in the company’s letter to customers…
U.S. Steel plans to invest up to $2.5 billion into upgrades to its Mon Valley Works, which it forecasts will generate $1.7 billion for the state, according to a Monday report from the steelmaking giant.
After rising steadily for nearly a month, Chinese steel prices began heading south in mid-May and are expected to remain under downward pressure in June, weighed by a mismatch between domestic steel supply and demand,…
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is raising its list prices for electrolytic tinplate (ETP) by Yuan 220/tonne ($32.5/t) for domestic sales in…
Since the US raised steel tariffs to 50%, exports of steel products from the EU to the US have fallen by a third. This is according to a report by the European Steel Association (EUROFER).
By 2026, global excess steel production capacity will reach 745 million tons. This is according to a new report by the Organization for Economic Cooperation and Development (OECD) – OECD Steel Outlook 2026.
In most regional billet markets, prices rose slightly in May—by $10–20 per ton. The Gulf countries were an exception, where the war in the region created a unique market situation: prices fell from $518/t to…
U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $10 per short ton compared to the previous week. This was announced in a letter the company sent to…
China's finished steel exports to India more than doubled in April to ?the highest in at least two years, sparking worries among the latter's steelmakers that despite the imposition of import tariffs they will be…
The American Iron and Steel Institute (AISI) has reported that the U.S. imported 1.87 million net tons (NT) of steel in April 2026, including 1.38 million NT of finished steel, based on preliminary Census Bureau…
Rio Tinto said on Friday it has started commissioning its $1.5 ?billion low-carbon aluminium smelter expansion in the Canadian ?province of Quebec.
The European Union's plan to slash steel ?imports will hit Ukraine's war-battered industry and goes against an exemption by the bloc as ?the country fights Russia's invasion, the CEO of Interpipe, one of Ukraine's biggest…
Global prices for ferrous scrap rose by 1–3% in most markets in May 2026. Only prices for imported scrap in China declined.
Average pigiron prices rose by $10–15 per ton in May across most regional markets. In one of the key markets—Brazil—average prices rose to $480/t last month from $465/t in April.
Nucor-Yamato Steel (a division of Nucor Corporation and a joint venture with Yamato Kogyo) and Gerdau Long Steel North America have raised prices for C12 and C15 beams by $90 per short ton, according to…