Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global scrap prices showed mixed dynamics in February
The global ferrous scrap market showed mixed dynamics in February 2026 after steady growth in January. In particular, the upward trend continued in the EU and Chinese markets, albeit at a slower pace, while supply…
China's rebar output recovers on week
Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rebounded on week over February 26-March 4, with the production volume rising by around 5% or 82,100 tonnes on week at 1.73 million tonnes,…Members' daily crude steel output marks time in late-Feb
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) stayed largely steady during February 21-28 to average 2.03 million tonnes/day, dropping by a minimal 0.1% from the previous…
European Commission mandates low-emission steel, drops 'made-in-EU'
The European Commission has confirmed its Industrial Accelerator Act (IAA) legislative proposal includes a stipulation that 25% of steel volume procured for public projects launched from 2029 must be low-emission. However, given the forthcoming new…
China's HRC prices seen rising moderately in March
After another month in which hot-rolled coil (HRC) prices in China recorded a steady though mild decline in February, domestic HRC prices are projected to firm to some degree this month as a consequence of…January Steel Shipments Up 1.7 Percent From Prior Month
The American Iron and Steel Institute (AISI) reported today that for the month of January 2026, U.S. steel mills shipped 7,583,826 net tons, a 1.7 percent increase from the 7,454,338 net tons shipped in December…Global steel market braces for turmoil amid escalation in the Middle East
Some Chinese steel exporters have stopped making offers to customers in the Middle East amid obstacles to shipping through the Strait of Hormuz, analysts and two traders told the agency. Freight rates are skyrocketing and…
Barca Metals selects Danieli Centro Recycling for new high efficiency scrap processing plant
Danieli Centro Recycling has been selected by Barca Metals, a leading scrap-processing operator in New South Wales, to supply a new shredder-based recycling plant to be installed at the company’s newly developed yard in Razorback,…
Pig iron prices rose by $20-40 per ton in February in certain markets
In February, average prices for Indian and Brazilian pig iron rose by $20–40/t. The increase was driven by seasonal factors and growing demand in Turkey, as well as the impact of CBAM costs on the…Nucor raised the price of hot-rolled coil to $1,005/ton
American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $15 per short ton compared to the previous week. This is stated in a letter to customers dated March…Global stainless steel production in 2025 grew by 2.1% y/y
In 2025, global stainless steel production increased by 2.1% y/y – to 64.2 million tons. This is evidenced by data from the non-profit organization World Stainless Association.Japan, South Korea urge India to ease steel import regulations
Japan and South Korean officials urge Indian government to address steel import hurdles at Ministry of Steel event ahead of Bharat Steel 2026.Germany increased steel production by 15% y/y in January
In January 2026, German steel enterprises increased steel production by 15% compared to January 2025, to 3.08 million tons. Compared to the previous month, the figure increased by 8.5%. This is evidenced by data from…Shagang rolls over long steel list prices for late-Feb sales
Shagang Group (Shagang), China's leading privately-owned steelmaker and largest electric-arc-furnace steelmaker, has decided to hold its long-product list prices for sales over February 21-28 unchanged from the previous ten-day period, the company announced last Saturday.
ArcelorMittal Kryvyi Rih to raise prices for rebar and wire rod due to energy costs
ArcelorMittal Kryvyi Rih PJSC will raise prices for its rebar and wire rod by $50/t starting in March this year. This was announced in a press release by the company.Chinese mills' steel stocks soar 27% over CNY break
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey witnessed a significant rise due to muted trading during the Chinese New Year (CNY) holiday, with…Prices for hot-rolled coil continue to rise in February
In the EU, purchasing activity is held back by the availability of stocks built up prior to the full implementation of the CBAMNucor raises hot-rolled coil prices for the sixth consecutive time
American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil to $990 per short ton (st), which is $10 more than the previous week. The company announced this in a letter…EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports
European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people…