Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
US, Ukraine agree to terms of critical minerals deal
The U.S. and Ukraine have agreed on the terms of a draft minerals deal central to Kyiv's push to win Washington's support as President Donald Trump seeks to rapidly end the war with Russia, two…
Nucor raises prices for hot rolled coils for the fifth time since the beginning of the year
The American steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from February 24, 2025, the base price of HRC will be $860 per short tonne…Cleveland-Cliffs opens April contracts for hot-rolled steel at $900/t
American steelmaker Cleveland-Cliffs has announced the opening of the April contract period for hot rolled steel (HRC), setting its price at $900 per tonne. This is stated in a letter to customers.
SSAB Americas raises prices for heavy plates by $100/t
Steel company SSAB Americas has announced a $100 per short tonne price increase for its heavy plate products. This was reported by SMU with reference to a letter to customers dated February 19, 2025.
Global coking coal prices fell at the beginning of the year
In the first week of 2025, Australian coking coal prices were rising due to interest from India. Some market participants from this country were concerned about restrictions on coke imports and the corresponding increase in…Prices for rolled steel products in the EU to rise Q2 – WSD
The European steel market is currently going through a difficult period. High inventories, limited demand and possible new trade restrictions are weighing on prices and overall market dynamics.
Scrap not the 'new gold' yet, say panellists
The much-anticipated boom in scrap trading is yet to materialise simply because steel demand globally is not supportive, according to Tayfun ??eri, chairman of Turkey’s Flat Steel Product Exporters, Importers and Manufacturers Association (Y?SAD).BMI has lowered its 2025 price forecast for Australian coking coal to $200/t
BMI Country Risk and Industry Research analysts have revised their forecast for the average annual price of Australian coking coal for 2025, lowering it to $200/t from the previous $220/t. The main reasons for this…Italy increased steel production by 2.7% y/y in January
Italian metallurgical enterprises increased steel production by 2.7% in January 2025 compared to January 2024, to 1.69 million tons. This is reported by SteelOrbis with reference to data from the Italian Federation of Steelworkers Federacciai.Nucor raises prices for hot-rolled coils for the fourth time since the beginning of the year
American steelmaker Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from February 17, 2025, the base price will be $820 per short tonne for all of the…
US tariffs on steel imports may have a ripple effect – Metinvest
US tariffs on steel imports could lead to undesirable consequences for Ukrainian steelmakers and Metinvest Group. This is reported in an Associated Press article.Pig iron prices in Black Sea ports fall to their lowest since 2020
Pig iron prices in the Black Sea ports fell to their lowest level since August 2020 in early 2025, reaching $330/t as of February 14. A corresponding decline in the Black Sea market has been…ArcelorMittal invests $1.2 billion in construction of a plant in Alabama
Global steel company ArcelorMittal is continuing to implement plans to build a modern non-grained electrical steel (NOES) plant in Calvert, Alabama, USA.Global rebar prices have increased in most regions since the beginning of the year
At the beginning of 2025, the global rebar market is in a state of instability. Most regions are experiencing price growth, while Turkey and Northern Europe are experiencing a slight decline. Market dynamics are driven…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…