Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Prices on regional slab markets fell by $3 per tonne in July
In July, regional slab markets saw a fall in prices of $3 per tonne. In particular, the reference export price for Brazilian slabs fell by $3 to $577/t (FOB). Following a period of high prices…
The EU scrap market came under pressure in July due to falling prices and weather conditions
In July 2026, the European scrap market came under dual pressure: a fall in demand due to seasonal maintenance work at steelworks and a logistical breakdown caused by drought led to a fall in prices.…Members' daily crude steel output stays steady in mid-July
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) kept largely stable during July 11-20, with the tonnage nudging down by 0.4% or 7,000 tonnes/day from the first…
Turkish firm Kocaer Steel is setting up a new company in the US
Turkish steel producer Kocaer Steel (Kocaer Çelik) has decided to establish a new company in the United States to carry out manufacturing, trading and marketing activities. This was reported by SteelRadar.Jindal Steel increased steel production by 15% y/y in Q1 FY2026/2027
Indian steelmaker Jindal Steel increased its steel production by 14.8% year-on-year in Q1 2026/2027 financial year (April–June), reaching 2.4 million tonnes. Steel sales volumes rose by 17.4% year-on-year – to 2.2 million tonnes. This was…
Prices on regional pig iron markets fell in the first half of July
The price situation on regional pig iron markets in the first half of July showed a generally downward trend. On a Black Sea basis, quotations fell in India and China, whilst pig iron prices in…Cleveland-Cliffs reduced steel products sales by 6.2% y/y in Q2
The American steelmaker Cleveland-Cliffs saw its external sales of steel products fall by 6.2% year-on-year in the second quarter of 2026, to 4.03 million short tonnes. This is stated in the steel producer’s report.The global hot-rolled coil market remained stable in July against a backdrop of a seasonal lull
The global hot-rolled coil market showed mixed trends in July 2026. In the US, prices rose steadily due to limited spot supply and stable demand, whilst in Italy, prices were supported by stricter EU import…ArcelorMittal is raising prices for long products in Europe by €25 per tonne
ArcelorMittal, Europe’s largest steel producer, has announced a price increase for long products. The cost of sections, rebar and wire rod will rise by €25 per tonne ($28.5/t). This was reported by Kallanish.Nucor Bar Mill Group is raising prices for bar steel by $30/t
Nucor Bar Mill Group, a division of the US steel producer Nucor, has announced a price increase for construction-grade long products (MBQ). This was reported by Kallanish, citing a letter from the company to its…
Global prices for coking coal fell during the first half of July
Global coking coal prices fell during the first ten days of July against a backdrop of weak demand from China and India.Ansteel is raising its prices for hot-rolled coils by $7/t for August sales
Angang Steel (Ansteel), a subsidiary of Ansteel Iron & Steel Group, China’s second-largest steel producer, is raising its prices for hot-rolled carbon steel coils (HRC) by 50 yuan per tonne ($7/t) compared with the previous…China disapproves of British Steel nationalisation decision by UK
China said on Friday it ?firmly opposes and strongly disapproves of ?Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms ?there.
Ansteel raises its HRC list prices for August sales by $7/t
Angang Steel Co (Ansteel), the Shenzhen-listed arm of China's second-largest steelmaker Ansteel Iron & Steel Group, has decided to mark up the list prices of its carbon steel hot-rolled coils (HRC) by Yuan 50/tonne ($7.4/t)…China's H1 crude steel output falls 3% YoY
China's total crude steel output during the first half of this year registered 499.95 million tonnes, marking a 3% fall compared with the same period last year, according to the latest release from the National…Formosa is further reducing its prices for hot-rolled steel for large orders
Less than a week after its previous price cut for hot-rolled steel, the Vietnamese producer Formosa Ha Tinh Steel has offered further discounts of $7–9/t on hot-rolled steel for large orders. The previous price cut…Shagang holds list prices for steel longs for mid-July sales
Shagang Group (Shagang), China's leading privately-owned steel firm and the country's largest electric-arc-furnace steelmaker, has decided to maintain its long-product list prices for sales over July 11-20 from the first ten days of the month,…Ukraine increased imports of long steel products by 72.6% y/y in January–May
Between January and May 2026, the long steel products market in Ukraine saw a significant increase in imports — up 72.6% compared with the same period in 2025, to 184.46 thousand tonnes. This is according…The American Chamber of Commerce calls for a measured review of rail tariffs
The American Chamber of Commerce in Ukraine has called on the government not to approve the draft order from the Ministry of Development regarding an increase in rail freight tariffs in its current form. This…