Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Baosteel is raising its prices for hot-rolled coils by $30/t for October sales
China’s Baoshan Iron & Steel (Baosteel) has raised its prices for hot-rolled coils (HRC) for the domestic market by 200 yuan/t ($30/t) for deliveries in October. This was reported by BigMint.
ArcelorMittal has temporarily shut down blast furnace A at its plant in Gijón following a steam explosion
The steelmaker ArcelorMittal has temporarily shut down blast furnace A at its steelworks in Gijón (Spain) following a steam explosion. This was reported by Don Porqué.
Moeve and ArcelorMittal are joining forces to decarbonise the steel industry
Energy company Moeve and steel giant ArcelorMittal have announced the creation of a joint innovation platform on a 50/50 partnership basis. This was reported by Fuelcellsworks.Germany saw a 1.8% y/y fall in steel production in July
German steelworks reduced steel production by 1.8 per cent year-on-year in July 2026, to 2.68 million tonnes. Compared with the previous month, the figure fell by 8.7 per cent. This is according to data from…
Iron ore prices returned to a level of over $100 per tonne in early September
As of early September, iron ore prices (KORE 62% Fe/Qingdao) had rebounded to over $100/t CFR, whilst in August this commodity had mainly traded within a narrow range of $95–98/t.Nucor has raised the price of hot-rolled coils to $1,190 per tonne
The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $5 per short tonne compared with the previous week. This is stated in a letter from the company…
ArcelorMittal is raising HRS prices in Europe by €20 per tonne
ArcelorMittal, one of the world’s largest steel producers, has raised its prices for hot-rolled coil (HRC) in Europe by €20/t ($23/t) for deliveries in November 2026. This was reported by BigMint.China increased steel exports by 0.3% m/m in August
In August this year, China increased its steel exports by 0.3% compared with the previous month, to 10.15 million tonnes. This was reported by the China Iron and Steel Association (CISA).Global iron ore exports remained stable in August
Global iron ore shipments remained relatively stable in August 2026. Despite subdued demand from the key importer, China, the leading producing countries showed predominantly positive or neutral trends, with the exception of South Africa. This…
Prices for Brazilian pig iron stabilised at $475 per tonne in August
The price situation on regional pig iron markets in August was characterised by an upward trend. In the Black Sea region, India and China, prices rose slightly, whilst pig iron prices in Brazil stabilised at…
SGX mulls new coking coal and steel contracts, executive says
Singapore Exchange plans to launch new coking coal and steel futures contracts, Tan Tee Yong, its head of commodity derivatives, said on Monday (Jun 15), as the exchange looks to broaden its product offerings, reflecting…Hyundai bets big on steel to anchor US strategy
Hyundai Motor Group is betting on steel to expand its manufacturing footprint in the United States, in a strategic move to build a local supply chain that serves not just the automotive industry, but also…
China's retail steel stocks drop slightly on week
Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks declined slightly on-week during August 28-September 3, according to the results of Mysteel's latest weekly survey.
Top China steelmaker Baowu eyes stake in BHP iron ore mine
China Baowu Steel Group, the world's largest steelmaker, is eyeing a minority stake in BHP's Jimblebar iron ore mine in Western Australia, according to two people briefed on the matter.
Mexico starts anti-dumping investigation into Japan's steel sheets
Mexico has started an anti-dumping ?investigation into imports of steel sheet originating in Japan, according to a resolution published early on Wednesday ?in the country's official gazette.
Shagang holds list prices for steel longs for early Sept sales
Shagang Group (Shagang), China's largest electric-arc-furnace steelmaker, has decided to maintain its long-product list prices for sales over September 1-10 from the last eleven days of August, according to the company's latest pricing announcement issued…Taiwan's Feng Hsin hikes rebar, scrap prices by $6/t
Taiwan's largest rebar producer, Feng Hsin Steel, headquartered in Taichung in central Taiwan, has decided to raise its rebar list price and buying price of local scrap by TWD 200/tonne ($6.3/t) each on week for…China's HRC export prices rise further
After the previous week’s $7/tonne increase, China's export prices for hot-rolled coil (HRC) gained further strength during the week of August 24-28, with Mysteel assessing the export price of SS400 3mm commercial-grade HRC at North…Global prices for coking coal rose significantly in August
Global prices for coking coal rose significantly in August due to increased demand in China against a backdrop of supply shortages.