Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Export collapse, tariffs weigh on US scrap prices
As May trading approaches, pressure on US domestic scrap prices continues to build, fuelled by peaked finished steel prices, the collapse of export markets in April, and seasonally increasing scrap inflows.
European steelmakers flag trade and price risks despite quarterly earnings beats
Europe's top steelmakers showed more resilience than expected in their first-quarter earnings, but warned that global trade tensions, weak European prices and market volatility are clouding the outlook for the rest of the year.
India's Jindal Steel posts surprise loss on weak steel prices, impairment charges
India's Jindal Steel and Power (JNSP.NS), opens new tab reported a surprise loss in the fourth quarter on Wednesday, due to one-off impairment charges related to its Australia and Madagascar assets, and weak steel prices.
Indian prices for hot rolled coils increased in the second half of April
Offers from Indian hot-rolled coil producers increased by $10/t to $685/t FOB from April 18-25, according to Kallanish. According to traders, this is due to the introduction of a 12% safeguard duty on imports of…
US prices for hot-rolled coils went down in late April
Offers from hot-rolled coil producers in the US dropped from $975/mt to $952/mt EXW from April 11-25, according to Kallanish. The previous values were peak due to the uncertainty that arose after the introduction of…China's Baosteel Q1 net profit jumps 26.4% on lower costs
China's biggest listed steelmaker, Baoshan Iron & Steel Co (600019.SS), opens new tab, on Friday reported a 26.4% annual increase in its first-quarter net profit thanks to lower costs, but flagged persistent risks from rising…China Iron and Steel Association Members' mid-April daily steel output rises further
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) climbed further during April 11-20, rising by another 1.5% or 32,000 tonnes/day from the previous ten days to hit…India confident of achieving steel production target by 2030, official says
India will achieve its target of expanding steel production capacity to 300 million tons by 2030, the Steel Secretary Sandeep Poundrik said on Thursday, as the government seeks to reduce import dependence and support domestic…Germany reduced steel production by 11.3% y/y in March
In March 2025, German steelmakers reduced steel production by 11.3% compared to the same month in 2024, to 3.11 million tons. The figure increased by 15.2% compared to the previous month. This is evidenced by…Tariffs may mean more US steel jobs. Will there be workers to fill them?
America will need many more like them to achieve President Donald Trump's vision for a hugely expanded U.S. factory sector. The steel industry — hit with 25% tariffs as one of the first salvos of…
Steel Dynamics notes strengthening of steel prices in Q1
Steel Dynamics, an American steelmaker, reports stronger steel prices and improved underlying demand in January-March this year. This is stated in the company’s report for the first quarter.India's small steel mills pause job cuts after measures to curb Chinese imports
India's smaller steel mills plan to delay job cuts and other measures such as trimming output, executives said, after the government imposed a temporary tariff to protect local producers from a surge in cheap imports,…
Global prices for ferroalloys declined in mid-April
Spot offers for Mn 65% silicomanganese in China fell by $6/t from April 14 to April 21 – to $799-$836/t EXW, according to BigMint. During this period, futures contracts for silicomanganese of this class for…India imposes temporary tariff on some steel to stem cheap imports from China
India, the world's second-biggest producer of crude steel, on Monday imposed a 12% temporary tariff on some steel imports, locally known as a safeguard duty, to curb a surge in cheap shipments primarily from China.European prices for hot-rolled coils declined in the first half of April
The price of hot-rolled coils in Southern Europe fell by €20/t in the first half of the month to €545/t CIF as of April 11. According to Kallanish, this is due to the presence of…China's 304 stainless prices ease further, destocking persists
Prices of 304-grade stainless steel in China continued to soften over April 9-16, though the decline slowed compared with the previous week, thanks to the mild rebound in the futures market, Mysteel Global has learned.MP Materials stops China-bound rare earth shipments over tariffs
MP Materials (MP.N), opens new tab said on Thursday it had stopped shipping rare earth concentrate to China, in response to retaliatory tariffs and export controls, sending its shares down 6.3% in afternoon trading.Global coking coal prices started to grow in the first half of April
On the one hand, during the review period, there was a decrease in supply due to an accident at the large Appin mine in New South Wales and an emergency shutdown at the Moranbah North…Indian rebar prices rose in the first half of April
The cost of rebar in India remained stable at $668/t EXW Mumbai for the period April 4-11, according to Kallanish. At the same time, since the beginning of the month, the price has risen by…