Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
EU to curb exports of recyclable battery, rare earth waste to cut China reliance
The European Commission plans to restrict exports of rare earth waste and battery scrap that can be recycled from early 2026 as part of its push to secure critical raw materials used in electric cars,…Italy to seek 5 bln euros in damages from ArcelorMittal over ILVA steelworks
The commissioners of Italy's former ILVA steel plants will launch a 5-billion-euro ($5.83 billion) damages claim against ArcelorMittal, Industry Minister Adolfo Urso said on Wednesday, as the government seeks a new buyer for the steelmaker.
India's JSW Steel to move Bhushan Power's steel business to JV with JFE Steel
India's JSW Steel will sell the steel business of its unit Bhushan Power and Steel to an equal-stakes joint venture with Japan's JFE Steel for 244.83 billion rupees ($2.72 billion), as it seeks to fund…
Nucor raises hot-rolled coil prices for sixth consecutive week
American steel producer Nucor has raised its spot price for hot-rolled coil (HRC) for the sixth week in a row. On December 1, the company announced a $5 per short ton increase in its weekly…Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs
The company will switch to producing steel exclusively in EAFs a year earlier than plannedGlobal crude stainless output grows 2.3% YoY in Q3
Total production of crude stainless steel worldwide maintained on-year growth during the third quarter of this year, with the total tonnage rising by 2.3% from the same period last year to reach 16.07 million tonnes,…Hyundai Steel to unveil U.S. steel mill model at hydrogen expo
Hyundai Steel Co., South Korea's second-largest steelmaker, said Monday it will unveil a miniature model of its planned electric arc furnace (EAF) steel mill in the United States at a hydrogen exhibition this week.Steel exports from Turkey grew by 12.6% y/y in the first 10 months
Turkish steelmakers are boosting sales to foreign markets, increasing the share of exports in the market structure
Saudi Arabia pilots scrap imports programme
Saudi Arabia has stepped up scrap imports to address a widening supply-demand gap, as the country braces for a critical shortage in the first quarter of 2026.
EMSTEEL upgrades rebar mill with new Twin Channel system
Danieli Service successfully completed the replacement of the entire Twin Channel system at the EMSTEEL rebar mill in Abu Dhabi, originally supplied by Danieli in 2006.EU-India agreement must take into account challenges facing the bloc’s steel industry – EUROFER
European steelmakers call for a level playing field and protection of strategic industries in negotiations with India.The global market for hot-rolled coil has been growing steadily since early November
In early November, the global hot-rolled coil (HRC) market is showing a predominantly upward trend. Prices are rising in the EU and the US amid more stable demand and reduced supply, while China, on the…ArcelorMittal raises prices for long products in Europe by €30/t
Other EU producers have also announced their intention to increase prices by €20-30/t. Global mining and steel company ArcelorMittal has announced a €30/t price increase across its entire long products range in Europe, according to…BMI expects iron ore prices to fall to $95/t in 2026
Prices for this raw material in China are currently supported by low short-term stocks. Analysts at research agency BMI predict that average iron ore prices will be $95/t in 2026,Sweden grants green steel startup Stegra $41 million in funding
Sweden said on Wednesday it had granted green steel startup Stegra 390 million crowns ($41 million) in funding, as the Swedish company gathers new financing to complete its factory in the north of the country.
Asian coking coal prices showed mixed dynamics in November
Domestic production is recovering in China, while India is weighing the impact of possible tariffs on coke imports. Asian coking coal prices fluctuated in November amid changing trends in China and India.Nucor raises prices for hot-rolled coil for the fifth week in a row
In a letter to customers, the company specified that the price of thick plate will increase by $30 per short ton for all new orders not confirmed by the end of the business day on…India's finished steel imports in April-October down 34%, govt data shows
India's finished steel imports during the first seven months of the financial year were down 34.1% year-on-year, according to provisional government data reviewed by Reuters on Monday.India sharply increased iron ore imports by more than 200% y/y in January-October
Demand for high-quality raw materials is growing due to limited domestic supplies and expansion of blast furnace capacity