Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
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…Nucor cuts prices for hot rolled coils for the first time since the beginning of the year
For the first time since the beginning of the year, the US steel company Nucor has announced a reduction in the weekly spot price (CSP) for hot rolled coil (HRC). Offers for the current week…China increased steel exports by 6.3% y/y in Q1
In January-March 2025, China increased its exports of steel products by 6.3% compared to the same period in 2024, to 27.43 million tons. Thus, steel shipments in the first quarter rose to their highest level…
Baosteel maintains current flat steel prices for May sales
China’s leading steelmaker Baosteel has maintained prices for flat products for sale on the domestic market in May at the level of April, Kallanish reports.Cleveland-Cliffs opens May orders for HRC at $975/t
American steelmaker Cleveland-Cliffs has announced the opening of its May order book for hot rolled steel (HRC), setting its price at $975/tonne. The new price level is effective immediately, but the company reserves the right…Global, domestic steel, raw material prices slide in FY'25. HRC, imported iron ore take biggest hit
All global and Indian steel and raw material prices showed a y-o-y slide in the Indian financial year 2024-25 (FY'25) , reveals BigMint data. The highest decrease of 17% was seen in imported iron ore…India's HRC-rebar reverse spread widens again in Mar'25 after 3-month gap
India's HRC-rebar reverse spread widened again in March 2025, after three months of contraction. The price gap between hot-rolled coils (HRCs) and blast furnace (BF) rebars stood at INR - 4,600/tonne (t) ($54/t) last month…Trump directs security panel to review US Steel deal
President Donald Trump ordered a review of the potential sale of US Steel Corp to Nippon Steel Corp, opening the door to amend a decision by his predecessor, Joe Biden, to block the transaction.
Rio Tinto to supply 70% of iron for zero-carbon steel plant in Austria
Rio Tinto (RIO.AX), opens new tab will supply 70% of the iron ore for a new hydrogen-based steelmaking plant being developed with Austrian steelmaker Voestalpine (VOES.VI), opens new tab and steel-making technology provider Primetals Technologies,…
European slab prices declined in early April
In early April, Asian suppliers of steel slabs reduced their offers to European rolling mills to $520-540/t CIF, according to Eurometal. At the end of March, Asian producers were asking for $580-600/mt CFR.