Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nippon Steel aims for 100 million tons annual global crude steel capacity by mid-2030s
Nippon Steel , Japan's biggest steelmaker, expects its annual global crude steel production capacity to rise to at least 100 million metric tons by mid-2030s from 82 million now, as it plans investment-driven expansion in…
Steel Imports Down 16.7% In September vs. August
Based on final Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,560,000 net tons (NT) of steel in September 2025, including 1,184,000 net tons…
China's HRC price to stay rangebound in December
Hot-rolled coil (HRC) prices in China are projected to fluctuate within a certain range this month, with upside potential in the shape of central government macro-economic meetings later this month buffering against the protracted weakness…Baosteel raises prices for hot-rolled coil for January sales
Baoshan Iron & Steel (Baosteel), a subsidiary of China Baowu Steel Group, is raising its list prices for hot-rolled carbon steel coil (HRC) for domestic sales in January 2026 by 100 yuan per ton ($14/t).…China's steel exports climb 6.7% in Jan-Nov
China's finished steel exports rose 6.7% on year to 107.72 million tonnes during the first 11 months of 2025, according to the latest data released by the General Administration of Customs (GACC) on December 8.Hyundai Steel to invest in premium scrap capacity
South Korea's Hyundai Steel has announced a KRW 170 billion ($116 million) investment programme to secure high-grade steel scrap and expand low-carbon emission raw material capabilities by 2032, as electric arc furnace (EAF) production gains…U.S. October Steel Shipments Down 4.2 Percent From Prior Month
he American Iron and Steel Institute (AISI) reported today that for the month of October 2025, U.S. steel mills shipped 7,692,319 net tons, a 9.2 percent increase from the 7,047,172 net tons shipped in October…
Fitch has raised its forecast for iron ore prices for 2025-2026
According to the updated estimates, the average price of iron ore with an iron content of 62% (CFR China) in 2025 will be $100/t against the previous forecast of $95/t, and in 2026 – $90/t…Jindal sees subsidies as 'important' in potential takeover of Thyssenkrupp steel unit
Jindal Steel International sees government subsidies in Europe as "an important factor" in its strategy for a potential takeover of Thyssenkrupp's steel division (TKSE), the head of its European business was quoted as saying on…
Billet prices rose by $4 on the Black Sea market in November
In November, the global square billet market saw mixed price trends, but overall the situation remained stable, with no sharp fluctuations. At the beginning of the month, most major billet markets saw a cautious upward…China's Oct crude stainless steel output up 2% on month
China's crude stainless steel output posted an on-month growth of 78,700 tonnes or 2.2% to reach 3.62 million tonnes in October, according to the latest data released by the Stainless Steel Council of China Iron…Vale forecasts iron ore price at $100/ton in 2026
Rising production costs and depletion of deposits are shaping a new market structure, despite the emergence of SimandouEU to curb exports of recyclable battery, rare earth waste to cut China reliance
The European Commission plans to restrict exports of rare earth waste and battery scrap that can be recycled from early 2026 as part of its push to secure critical raw materials used in electric cars,…Italy to seek 5 bln euros in damages from ArcelorMittal over ILVA steelworks
The commissioners of Italy's former ILVA steel plants will launch a 5-billion-euro ($5.83 billion) damages claim against ArcelorMittal, Industry Minister Adolfo Urso said on Wednesday, as the government seeks a new buyer for the steelmaker.India's JSW Steel to move Bhushan Power's steel business to JV with JFE Steel
India's JSW Steel will sell the steel business of its unit Bhushan Power and Steel to an equal-stakes joint venture with Japan's JFE Steel for 244.83 billion rupees ($2.72 billion), as it seeks to fund…Nucor raises hot-rolled coil prices for sixth consecutive week
American steel producer Nucor has raised its spot price for hot-rolled coil (HRC) for the sixth week in a row. On December 1, the company announced a $5 per short ton increase in its weekly…Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs
The company will switch to producing steel exclusively in EAFs a year earlier than plannedGlobal crude stainless output grows 2.3% YoY in Q3
Total production of crude stainless steel worldwide maintained on-year growth during the third quarter of this year, with the total tonnage rising by 2.3% from the same period last year to reach 16.07 million tonnes,…Hyundai Steel to unveil U.S. steel mill model at hydrogen expo
Hyundai Steel Co., South Korea's second-largest steelmaker, said Monday it will unveil a miniature model of its planned electric arc furnace (EAF) steel mill in the United States at a hydrogen exhibition this week.