Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Trump working on rollback of steel and aluminium tariffs
US President Donald Trump is working to scale back tariffs on steel and aluminium that have frustrated some businesses and pushed up prices for items such as canned food and drink.
Liberia sees iron ore output tripling to 30 million tons on ArcelorMittal expansion
Liberia expects iron ore output to triple to around 30 million metric tons this year, driven by ArcelorMittal Liberia's (AML) planned ramp?up and fresh volumes from new and revived projects, the country’s mines minister has…
Global scrap consumption declined in most regions in January-September
According to the Bureau of International Recycling (BIR), steel scrap consumption declined in most key regions of the world in January-September 2025, reflecting a shift in the geography of demand. At the same time, global…
Steel sentiment boost reflected in M&A talks with Jindal, Thyssenkrupp CEO says
Stricter upcoming quotas and tariffs on steel imports into Europe have boosted sentiment on beaten steel stocks, the CEO of Thyssenkrupp said, adding this was also reflected in current talks to sell the firm's steel…
Shagang rolls over long steel list prices for mid-Feb sales
Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its long-product list prices for sales during February 11-20 from the previous ten-day period, the company announced Wednesday.China's HRC export prices rise again
China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port rose by $7/tonne during the week of February 2-6 to reach $470/t FOB by last Friday, Mysteel's latest…Nucor raises HRC prices for the fourth week in a row
American steelmaker Nucor has raised its hot-rolled coil (HRC) prices for the fourth week in a row. According to the company’s regular weekly report, the new spot price for HRC is $975 per short ton,…
Prices for pig iron rose by $20–30 per ton in January in some markets
In January, average prices for Indian and Russian pig iron rose by $20–30 per tonne. This was due to increased demand in Turkey, the strengthening of the ruble, and the emergence of financial obligations within…Prices for rebar showed mixed dynamics at the beginning of the year
Global rebar prices at the beginning of 2026 showed mixed dynamics depending on the market. In particular, the European and US markets saw a 2-5% increase in prices, while Turkey and China saw a 0.4-2%…Nippon Steel widens full-year net-loss forecast to $446 million
Nippon Steel on Thursday widened its net-loss forecast for the financial year ending in March to 70 billion yen ($446.1 million) due in part to a fire at a blast furnace, after it swung to…
India's Tata Steel beats profit view as higher volumes outweigh weak prices
Tata Steel, India's second-largest maker of steel by market capitalisation, reported a bigger-than-expected third-quarter profit on Friday as higher sales volumes helped cushion the impact from weak steel prices.Nippon Steel widens full-year net-loss forecast to $446 million
Nippon Steel on Thursday widened its net-loss forecast for the financial year ending in March to 70 billion yen ($446.1 million) due in part to a fire at a blast furnace, after it swung to…China's construction steel prices seen rangebound in February
Construction steel prices in China may fluctuate slightly this month, according to Mysteel's latest monthly report on the sector, suggesting that support from the cost side may fade amid dropping prices of steelmaking raw materials.…
The EU imported 4.55 million tons of iron and steel products from Russia in January-November
In January-November 2025, the European Union imported 4.55 million tons (-9.8% y/y) of steel raw materials of Russian origin. The cost of imports reached €1.85 billion (-22.4% y/y). This is evidenced by GMK Center calculations…Nucor raises hot-rolled coil prices for third consecutive week
American steel company Nucor has raised its weekly spot price (CSP) for hot-rolled coil (HRC) for the third consecutive week. This is stated in the company’s official announcement.China steel prices seen rangebound in February
Chinese steel prices are expected to fluctuate in a narrow range in February, caught between weakening fundamentals in the ferrous market and an improving macroeconomic environment, Mysteel's chief analyst Wang Jianhua predicts in his latest…Australia initiates new exporter review on China-origin aluminium-zinc coated steel
Australia has initiated a “new exporter accelerated review” into anti-dumping and countervailing measures on aluminium-zinc coated steel imported from China, following an application filed by China's Guanxian Chuangsheng New Materials Co., Ltd, according to an…Russian billet exporters struggle to hold price levels
Russian billet suppliers are facing sustained pressure from a strong rouble and weak demand, compounded by the seasonal slowdown in the domestic market and harsh winter conditions, market participants inform Kallanish.Chinese, Russian suppliers clinch UAE HRC deals
Top-tier Chinese suppliers, after cutting prices by nearly $9/tonne from mid-February levels, have dominated the hot rolled coil (HRC) market in the United Arab Emirates over the past week, amid continued silence from the major…