Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor’s profit beat forecasts thanks to rising steel prices
US-based Nucor Corp., the largest steel producer in the United States, reported third-quarter results that beat Wall Street expectations thanks to high steel prices, according to Bloomberg.
Nucor has once again raised hot-rolled coil prices by $15/t
The American steel producer Nucor has raised the spot price (CSP) for hot-rolled coils by $15 per short tonne compared with the previous week for the second time in a row. This is stated in…UK Steel Power Costs to Hit £91/MWh, 49% Above France
In the 2026/27 financial year, UK steelmakers will pay significantly more for electricity than their competitors in the EU and other countries, which threatens the sector’s competitiveness. This was reported by Eurometal, citing a statement…Global HRC Prices Diverge as U.S. Tightens, China Slips
In October, global hot-rolled coil (HRC) markets showed divergent trends. In the US, the shortage of spot supply intensified, affecting not only end users but also service centres. European producers are proposing significant price increases…
China Top Steel Hubs Output Falls 2.9% Through September
Crude steel production among China's top 10 steelmaking provinces and autonomous regions totaled 518.88 million tonnes over January-September, slipping by 2.9% compared with the first nine months of last year, according to the latest data…
Anglo American’s iron ore production fell by 4% y/y in Q3
Mining giant Anglo American reported a 4% y/y decline in premium iron ore production in the third quarter of 2026 – to 13.8 million tonnes. Compared to the previous quarter, the figure decreased by 10%.Rio Tinto and China state buyer agree deal on iron ore supplies
China’s state-backed iron ore buyer and Rio Tinto Group have reached a multiyear agreement on supplies of the steel-making staple, adding to deals that the group has struck with leading global producers.Nippon Steel raises US mill upgrade to US$3 bil as costs climb
Nippon Steel Corp will spend US$3 billion building a hot-strip mill in Pennsylvania, part of its US$11 billion investment plan in newly-acquired US Steel.Spain Steel Warns of €43M Carbon Compensation Gap
The Spanish steel association Unesid is concerned about the insufficient compensation allocated to the industry to cover indirect costs related to carbon emissions in 2026.Canada Steel Pivot Gains Ground as Domestic Demand Rises
Canada's steel industry, among the sectors hit first and hardest by U.S. President Donald Trump's tariffs, is starting to turn a corner thanks to an uptick in mining, energy and AI data center projects as…
Tokyo Steel Raises November Prices ¥3,000/t
Tokyo Steel, a leading Japanese electric arc furnace steel producer, has raised its prices for hot-rolled coils, rebar and I-beams by 3,000 yen/t ($19/t) for November sales.Nucor Raises HRC CSP $15 to $1,255/Short Ton
The American steel producer Nucor has increased the spot price (CSP) for hot-rolled coils by $15 per short tonne compared with the previous week. This is stated in the company’s letter to customers dated 19…
Cleveland-Cliffs Sees 2027 EBITDA Above $4B
Cleveland-Cliffs returned to profit in Q3 as steel prices and volumes improved and now expects 2027 adjusted EBITDA above $4 billion.China Crude Steel Output Falls 2.9% Through September
In the first nine months of 2026, production volumes of pig iron, steel and finished rolled products in China stood at 628.4 million tonnes, 724.8 million tonnes and 1.07 billion tonnes respectively. This represents a…Russia Says It Hit Ukraine Steel Plants in Major Attack
Russia said it struck ArcelorMittal Kryvyi Rih and other Ukrainian infrastructure; Zaporizhstal separately confirmed six missile hits and new damage.Germany Scrap Prices Mostly Stable in October
In October, the European scrap metal market, and the German market in particular, has remained generally stable, with moderate price fluctuations of between €5 and €15 per tonne, depending on the region, the grade of…Canada Steelmakers Turn to Domestic Demand After Tariffs
Canada's steel industry, among the sectors hit first and hardest by US President Donald Trump's tariffs, is starting to turn a corner thanks to an uptick in mining, energy and AI data center projects as…China Steel Exports Rise 3.3% to 10.49M Tons
In September this year, China increased its steel exports by 3.3% compared with the previous month, to 10.49 million tonnes. This was reported by the China Iron and Steel Association (CISA).China Iron Ore Falls to $90.60/t as Q4 Supply Builds
The iron ore market in China is characterised by moderate post-holiday demand. Overall, an increase in the supply of this raw material is forecast for the fourth quarter, which will put downward pressure on prices.