Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Indian rebar prices turn volatile as buyers retreat
India’s rebar market remained volatile through the week amid cautious buying and uneven demand across regions, Kallanish notes. Prices moved in a narrow band as traders stayed on the sidelines waiting for clearer direction.
China's 304 stainless CRC prices suffer broad decline
Spot prices for 304-grade stainless steel tracked Shanghai futures prices during November 13-19 and mostly softened further in China's major trading hubs, the results of Mysteel's latest survey showed. The exception was cold-rolled coil (CRC)…
US Finished Import Market Share Estimated at 14 Percent in September
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 September totaled 1,650,000…
EU steelmakers concerned about direction of discussions on green steel labeling
Steel producers and scrap collectors are concerned about the consideration of a «sliding scale» without differentiation based on production technologies
Germany increased steel production by 5.1% m/m in October
In October 2025, German steel enterprises increased steel production by 5.1% compared to the previous month, to 3.13 million tons. Compared to the same month in 2024, the figure decreased by 3%. Production volumes have…China steel output slumps as iron ore imports head for record
China's steel production this year will drop below 1 billion metric tons for the first time since 2019, but iron ore imports may rise to a record high.China's HRC output dips, but price pressure remains
Production of hot-rolled coils (HRC) among the 37 Chinese steelmakers regularly surveyed by Mysteel retreated further during November 6-12, easing by 1.4% on week to 3.14 million tonnes, the latest survey results showed.Indian HRC exports drop 20% in October
The data cover HS codes under heading 7208, with the most traded being 720837, 720838 and 720839. These include HR carbon steel coil and sheet of 10mm thickness and over 600mm width, excluding stainless steel.Nucor raises prices for hot-rolled steel for the fourth week in a row
American steel company Nucor continues its cycle of hot-rolled coil (HRC) price increases, gradually raising weekly spot prices for consumers (CSP) for the fourth week in a row. For the week of November 17-23, CSP…
Chinese, ASEAN billet prices inch up
In China, offers for 3sp 150mm billet rose by $3/tonne week-on-week on Friday amid rebounding futures prices and an appreciation in the Chinese yuan to US dollar.
China's daily crude steel output recovers in early-Nov
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) averaged 1.93 million tonnes/day during November 1-10, rebounding significantly by 6% or by a 109,000 t/d after the deep…Russian steelmakers discuss tax on imported steel: reports
Russian steelmakers are discussing approaching authorities with a proposal to introduce an excise tax on steel imported into Russia, including rolled steel products.
Global scrap prices are moving in different directions at the end of the year
The global scrap market showed mixed trends in October-November. Some regions faced declining demand and oversupplied inventories, while others were supported by exports and seasonal supply reductions. Turkey and the US showed moderate recovery, the…China's retail steel stocks drop for four weeks
Total stocks of five major carbon steel products - rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate - piled at commercial warehouses in 132 Chinese cities declined further over November 7-13,…NLMK USA raises prices for hot-rolled and cold-rolled steel by $50/t
NLMK USA has announced another increase in base prices for hot-rolled (HRC) and cold-rolled (CRC) steel by $50 per short ton. In a statement to customers, the company said that the new prices take effect…Exporters plan to raise prices by $2–3 on the Black Sea market for billets
The global square billet market saw mixed trends in October. Negative sentiment prevailed during the first half of the month due to the weak market in China, although the situation in Turkey improved.JSW Steel USA raises prices for thick-gauge rolled steel by at least $40
The American division of global steel producer JSW Steel has announced a price increase of at least $40 per short ton for thick-gauge rolled steel. According to a letter to customers, the new prices took…Rise in China's stainless output extends to October
The latest Mysteel data indicate that China's crude stainless steel output rose again in October, with production buoyed by strong operations and lower cost pressures on mills and marking a third straight month of growth.Iron ore prices have fallen by 4.4% since the beginning of November
Iron ore prices have fallen sharply since early November 2025. January futures on the Dalian Commodity Exchange for the period October 31–November 10 fell by 4.4% to 765 yuan per ton ($107.4/t), while December contracts…