Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
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…US metal buyers likely to turn to Mideast, Chile as tariffs bite
U.S. companies will look to the Middle East and India for more aluminium and to Chile and Peru for copper as they seek to circumvent sweeping tariffs imposed by U.S. President Donald Trump, according to…India's iron ore production rises by around 2% y-o-y in CY'24 - BigMint data
Iron ore production in India is projected to have increased by around 2% y-o-y to reach 284 million tonnes (mnt) in calendar year 2024 (CY'24), as per provisional data available with BigMint. Iron ore production…Global steel, raw material prices dip in Jan'25. Will bearish trends prevail in Feb?
Global steel and raw material prices declined by up to 4% m-o-m in January 2025 (till 23 January), as markets worldwide were down in the dumps, challenged by subdued demand and sluggish trade activity amid…Turkey boosts slab imports by 50% in 2024, Russia, Malaysia lead
Turkey increased its slab imports by 50% year-on-year, to 4,089,960 tonnes in 2024 from 2,718,018t in 2023, according to Turkish Statistical Institute (TUIK) data.