Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global scrap prices recovered by 1.5-2% since the beginning of the year
The global scrap market started 2025 with mixed dynamics. In the US and Europe, prices are gradually rising amid limited supply and strong demand, while in China they are declining due to weak activity in…
Nucor and Gerdau announce $40 price increase for rebar
American producers explain the increase by a significant increase in costs and leave room for adjustments. Two US steel companies, Nucor and Gerdau, have announced a $2 per hundred pounds (equivalent to $40 per short…
Baosteel raises flat steel prices for March sales
Chinese steelmaker Baosteel is raising its flat steel prices for March domestic sales after three months of stability.Nucor raises HRC prices for the third time since the beginning of the year
American steelmaker Nucor has announced another increase in its spot price (CSP) for hot rolled coil (HRC). Starting February 10, 2025, the base price will be $790 per short tonne for all of the company’s…
Hot-rolled coil prices have increased in most markets since the beginning of the year
The beginning of 2025 brought an increase in hot-rolled coil prices in most regions, although the market remains volatile. European and American producers are trying to raise prices despite weak demand, while prices in China…
Trump to announce 25% steel and aluminium tariffs in latest trade salvo
President Donald Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminium imports into the U.S., on top of existing metals duties, in another major escalation of his shake-up of…
Nippon Steel considers changing its plan for the US Steel deal
Japanese steelmaker Nippon Steel is considering a bold change in its plan compared to its previous approach to buying US Steel. This was stated by Chief Cabinet Secretary Yoshimasa Hayashi, Reuters reports.
Iron ore prices recover in early February
Iron ore prices in early February 2025 were marked by an increase after a decline in January. As of February 6, May futures on the Dalian Exchange stood at $112.22/t, up 5.6% from the end…US consumers sue to block US Steel takeover
A group of US consumers has filed a lawsuit against Japanese steelmaker Nippon Steel to block its proposed acquisition of US Steel. They claim that the deal threatens to reduce competition and raise prices for…
ArcelorMittal raises prices for flat products in Europe by €30/t
Global steelmaker ArcelorMittal has announced a €30/t price increase for steel coils in Europe, effective for shipments in April.Update of ASEAN Long Steel Demand in 2023
Overall long steel demand in ASEAN-6 shrank moderately, by 1.5 million tonnes to 35.3 million tonnes in 2023. Production declined by 1.2 million tonnes to 32.8 million tonnes.Steel Shipments Down 3.6 Percent in 2024
The American Iron and Steel Institute (AISI) reported today that for the month of December 2024, U.S. steel mills shipped 7,145,016 net tons, a 0.9 percent increase from the 7,082,921 net tons shipped in December…Nucor raises prices for hot rolled coil to $775/t
American steel company Nucor has announced an increase in the spot price (CSP) for hot rolled coil (HRC) to $775 per short ton, up $15 from last week. This is the second weekly increase in…
Anti-dumping duties against Bulgarian rebar in Canada will reduce steel exports from Ukraine by 60-80 ths tons
The Canada Border Services Agency (CBSA) introduced final anti-dumping duty of 15.9% against rebar from Bulgaria (Promet Steel) in mid-December 2024.Turkey increased scrap imports by 6.7% y/y in 2024
Turkish steel enterprises increased imports of ferrous scrap by 6.7% in 2024 compared to 2023, up to 20.09 million tons. This is evidenced by data from the Turkish Statistical Institute (TUIK).US delays tariffs on Mexico for one month
US President Donald Trump has accepted the Mexican government’s proposal to suspend tariffs for one month. This was first announced Monday by Mexico President Claudia Sheinbaum during her daily press conference, Las Mañaneras del Pueblo,…US Steel Kosice reduced steel production by 12.8% y/y in 2024
Slovakian steelmaker US Steel Kosice (USSK), a subsidiary of US Steel, reduced steel production by 12.8% in 2024 compared to 2023 – to 3.83 million tons (net ton). This is stated in the company’s report.The Netherlands increased steel production by 36.1% y/y in 2024
The steel industry in the Netherlands increased steel production by 36.1% in 2024 compared to 2023, to 6.4 million tons. Thus, the country ranked 26th in the global ranking of steel-producing countries (71), while in…Posco reports Q4 net loss due to weak steel demand and lower prices
South Korean steelmaker, Posco Holdings, reported a net loss for the fourth quarter of 2024, missing market expectations. The loss was due to lower steel and energy material prices, which put substantial pressure on the…