Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nippon Steel Looking to Double Its U.S. Steel Output in 5 Years, Says CEO
Nippon Steel Corp. plans to double its crude steel production in the United States in three to five years, according to its chairman and chief executive officer, Eiji Hashimoto.
Trump imposes 50% tariff on imports from Brazil
US President Donald Trump has announced that from August 1, 2025, the United States will raise its “reciprocal” tariff on imports from Brazil to 50%. Until now, a 10% tariff has been in effect.
Baosteel raises hot-rolled coil prices by $14/t for August sales
Baoshan Iron & Steel (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, is raising prices for hot-rolled coil (HRC) by 100 yuan per ton ($14/t) for domestic sales in August.European steelmakers advocate for rapid replacement of steel safeguard measures
European steelmakers are calling for a faster replacement and strengthening of the European system of protective measures. This was confirmed by Axel Eggert, Director General of the European Steel Association (EUROFER), according to OPIS.Taiwan's Feng Hsin rolls over rebar, scrap prices
Feng Hsin Steel, Taiwan's largest rebar producer, has decided to hold its rebar list prices and local scrap procurement prices for transactions over July 8-11 to monitor any market changes, a company official confirmed.
Glencore to sell Philippine copper smelter: Bloomberg
Swiss miner and trader Glencore is reportedly selling its copper refinery in the Philippines to the Villar family, headed by real estate billionaire Manny Villar Jr.Iron ore prices recovered to over $100/t in early July
Iron ore prices in early July 2025 recovered to two-month highs. In particular, during the week of June 30–July 4, September iron ore futures on the Dalian Commodity Exchange (DCE) rose 2.3% to $102.2/t, while…
Chinese steelmakers propose adding scrap metal to the list of strategically important resources
The China Iron and Steel Association (CISA) has proposed that the government add steel scrap to the list of strategically important resources. This was discussed at the association’s meetings on the green and low-carbon development…The global HRC market continued its negative trend in June
In June 2025, there was an imbalance in the hot-rolled coil market. In the US, domestic producers managed to raise prices thanks to Trump’s tariffs. In China and the European Union, however, the market remained…China's foreign minister dismisses European worries over rare earths
China's foreign minister downplayed European worries over rare earth exports restrictions on Thursday, saying it was standard practise to control dual-use goods exports but that Europe's needs could be met if applications were submitted.Washington passes major bill cutting EV incentives
The bill, which is intended to axe support for healthcare and clean technologies to fund $4.5 trillion in tax cuts and a $150 billion boost in defence spending, received 212 votes in favour and 211…Indian rebar prices fall further on monsoon-hit demand
Prices for 12-32mm IS 1786 Fe 550D rebar from primary mills are assessed at INR 51,000-51,500/tonne ($598-604/t) ex-Mumbai, while 12-25mm IS 1786 Fe 500D secondary rebar is trading at INR 41,000-41,200/t ex-Raipur. Both segments have…Nucor raised prices for hot-rolled coil by $10/t
US steel company Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of June 30 to July 6, 2025, rose by 1.1% or $10/t compared to…Copper’s tariff high fails to lift other LME metals
Doctor Copper hasn’t been quite the same since US President Donald Trump announced an investigation into US imports back in February. The resulting tariff trade has pulled the global supply chain out of shape, creating…Tangshan billet price remains largely stable WoW
The price of Q235 150mm square billet in North China's Tangshan under Mysteel's assessment sat at Yuan 2,920/tonne ($408/t) EXW and including the 13% VAT as of June 29, the same level as a week…China to extend anti-dumping duties on imports of some stainless steel
China will extend its anti-dumping duties on some stainless steel products from certain countries and regions for another five years from Tuesday in a bid to protect domestic manufacturers.India's April-May finished steel imports fall 27.6% year-on-year as China, Japan shipments decline
India's finished steel imports fell 27.6% in the first two months of the financial year that started in April, as shipments from China and Japan declined, provisional government data reviewed by Reuters showed on Tuesday.China to extend anti-dumping duties on imports of some stainless steel
China will extend its anti-dumping duties on some stainless steel products from certain countries and regions for another five years from Tuesday in a bid to protect domestic manufacturers.Voestalpine to supply steel for BYD’s Hungary plant
Chinese electric vehicle (EV) producer BYD says it has agreed to procure steel from Austrian steelmaker voestalpine for its new car factory in Hungary, Kallanish notes.