Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Iron ore prices have risen by 3.9% since the beginning of May
As of May 15, 2026, iron ore prices (KORE 62% Fe/Qingdao) had risen by 3.9% compared to May 1, reaching $114.7/t CFR. Over the past month (April 17–May 15), prices rose by 5.3%, indicating a…
Tata Steel misses quarterly profit view on increased raw materials costs, one-time charges
Tata Steel, India's second-largest maker of steel by market capitalisation, posted a smaller-than-expected fourth quarter profit on ?Friday, hurt by increased raw materials costs and one-off ?charge related to restructuring at its Netherlands unit.
Nippon Steel increased steel production by 27.5% y/y in the FY2025/2026
Nippon Steel, Japan’s largest steel producer, announced its financial and operating results for the 2025/2026 fiscal year, which ended on March 31, and also reported on the restructuring of its European business.
The European hot-rolled coil market experienced a decline in April
The global hot-rolled coil market showed mixed trends in April 2026. In the United States and China, prices continued to rise due to limited supply and high raw material costs, while in the EU, the…
Prices for oil and gas OCTG pipes in the US rose by $220 per ton in April
Regional pipe markets are showing mixed trends due to the specific nature of pipe products. By the end of April, prices for welded pipes in Turkey intended for construction purposes had practically stabilized, while quotations…Nippon Steel expects $1.4 billion fiscal year profit as one-off items fade
Nippon Steel, Japan's biggest steelmaker, on Wednesday said it expects its net profit for the year ?that ends in March to increase sharply to 220 billion ?yen ($1.4 billion) as the effects of one-off losses…Baosteel raises prices for flat steel products for the fourth consecutive time
Baoshan Iron & Steel Co (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, is raising domestic prices for several key flat steel products for June orders. Specifically, the price of…China's steel prices poised for further rise in May
Chinese steel prices are expected to continue strengthening in May, supported by the likely improvement in both market fundamentals and macroeconomic conditions, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly outlook.
Finished Import Market Share Estimated at 17 Percent in April
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of April totaled 1,945,000…China's steel prices poised for further rise in May
Chinese steel prices are expected to continue strengthening in May, supported by the likely improvement in both market fundamentals and macroeconomic conditions, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly outlook.
Decline in China's retail steel stocks narrows on week
Retail stocks of the five major finished steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors declined on week during May 1-7, the results of Mysteel's latest weekly survey revealed.March Steel Shipments Up 10.9 Percent From Prior Month
The American Iron and Steel Institute (AISI) reported today that for the month of March 2026, U.S. steel mills shipped 8,204,611 net tons, a 6.2 percent increase from the 7,725,314 net tons shipped in March…WTO reviews safeguard measures with focus on steel products
The World Trade Organization (WTO) Committee on Safeguards has announced that it reviewed a total of 38 safeguard actions during its meeting on April 27, with steel and metal products accounting for a significant share…
Nucor, Gerdau, and Optimus are raising rebar prices in the US
At least three major rebar producers in the U.S. have announced price increases, following the move previously announced by Commercial Metals Company (CMC). This is stated in letters from the companies to their customers
Average prices for pig iron in the Black Sea region rose by $8 per ton in April
Average pig iron prices remained stable in April in some regional markets, while in others they rose by up to $10 per ton. In one of the key markets—Brazil—average prices rose from $475/t to $483/t…
Global scrap prices rose by up to 10% in April
Global prices for ferrous scrap rose by up to 10% in April, and compared to the start of the year, prices remain 5–20% higher depending on the region, indicating a gradual market recovery following a…Prices for billets rose by $10–15 per ton in regional markets in April
In most regional markets for square billets, prices rose slightly in April—by $10–15 per ton. The exception was the Persian Gulf countries, where prices fell by $8 to $516/t (CFR), after average prices had previously…ArcelorMittal sees EU steel imports staying high
Steel imports into the European Union should remain high in ?the second quarter as buyers rush material ?into the bloc before tighter safeguards take effect, ArcelorMittal's finance chief said on Thursday.
ArcelorMittal donates steel for Trump ballroom
ArcelorMittal said on Thursday it had donated steel for ?a White House ballroom project backed by U.S. President Donald Trump.