Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor raises prices for thick-gauge rolled steel by $60/t starting in November
Nucor, the largest steel producer in the US, announced a $60 per short ton increase in prices for thick-gauge rolled steel with the opening of its November order book. This was stated in a letter…
EU to cut steel import quotas, hike tariffs to 50%
The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed…
Tangshan billet price drops $13/t on week
Billet prices in Tangshan city in North China's Hebei Province decline during September 22-28, with Mysteel assessing Q235 150mm square billet price in the city lower by Yuan 90/tonne ($13/t) on week at Yuan 2,970/t…China suspends iron ore purchases from BHP
China Mineral Resources Group, a Chinese state-owned iron ore buyer, has asked major steel producers and traders to temporarily suspend purchases of any dollar-denominated seaborne cargoes from BHP Group, Bloomberg reports, citing sources.Nippon Steel to invest $300 million in U.S. Steel
Nippon Steel said Thursday that it will invest some $300 million in two United States Steel plants as part of the Japanese company's $11 billion commitment to the U.S. steelmaker.SSAB Americas raises prices for flat steel products by at least $60/t
The increase will take effect in November for new orders, with the company citing market conditions as the reason
Wire rod weakens, rebar steady in ASEAN
Chinese wire rod offer prices fell this week in the Philippines, Kallanish notes. At the same time, the rebar import market was quiet with offers at similar levels in Singapore.
U.S. Steel Imports Down 16.8% In August vs. July
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,864,000 net tons (NT) of steel in August 2025, including 1,402,000 net tons…
Global scrap prices mostly decline in September
Global scrap prices have mostly stagnated in September 2025. Only the Chinese domestic market has seen slight growth, while in Turkey, the US, and the EU, prices have fallen or remained at August levels.The EU seeks to resume negotiations with the US on steel tariffs
European Commissioner for Trade Maroš Šef?ovi? will meet with US Trade Representative Jason Greer to try to resume negotiations on reducing tariffs on steel and aluminum exports, Bloomberg reports.Canada has lifted anti-dumping duties on Ukrainian hot-rolled steel
The Canadian International Trade Tribunal (CITT) announced the termination of its review of its November 10, 2020 decision concerning dumping of hot-rolled carbon steel sheet and high-strength low-alloy steel sheet from Ukraine.Chinese mills' steel stocks dip again
Total inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey continued declining over September 12-18, with the tonnage down slightly by 0.3% on week at…One-third of firms paused or delayed stainless steel orders due to tariffs, Outokumpu says
At least a third of surveyed companies have paused or delayed stainless steel orders because of U.S. import tariffs of up to 50%, while more than half are reassessing their sourcing strategy, Finnish steelmaker Outokumpu…Crude steel output in China's key steel hubs dips YoY over Jan-Aug
Crude steel production among China's top ten steelmaking provinces and autonomous regions fell by 3.2% on year to total 482.5 million tonnes during this year's January-August period, according to the latest data released by the…Germany reduced steel production by 10.5% y/y in August
In August 2025, German steel enterprises reduced steel production by 10.5% compared to the same month in 2024, to 2.58 million tons. Compared to the previous month, the figure fell by 5.2%. Production volumes have…China's HRC-rebar price spread stays above $21/t
The price spread between hot-rolled coil (HRC) and rebar in China's domestic market has been expanding steadily over the past two months, mainly due to the healthier fundamentals of HRC compared with those of rebar,…The global rebar market showed mixed dynamics in early September
Rebar prices turned negative in early September after mixed trends in August. Last month, offers fell by 4.5% in China and 1.1% in Turkey. At the same time, prices rose in Europe – by 0.8%…Thyssenkrupp has received an offer from Jindal Steel to purchase its steel business
The Indian conglomerate is prepared to invest over €2 billion in the green transformation of TKSE and assume its pension obligationsSteel Dynamics forecasts earnings growth in all segments in Q3
US steel producer Steel Dynamics expects its steel production earnings for July-September this year to be higher than in the second quarter, according to a company statement.