Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Shagang rolls over long steel list prices for mid-Feb sales
Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its long-product list prices for sales during February 11-20 from the previous ten-day period, the company announced Wednesday.
China's HRC export prices rise again
China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port rose by $7/tonne during the week of February 2-6 to reach $470/t FOB by last Friday, Mysteel's latest…Nucor raises HRC prices for the fourth week in a row
American steelmaker Nucor has raised its hot-rolled coil (HRC) prices for the fourth week in a row. According to the company’s regular weekly report, the new spot price for HRC is $975 per short ton,…
Prices for pig iron rose by $20–30 per ton in January in some markets
In January, average prices for Indian and Russian pig iron rose by $20–30 per tonne. This was due to increased demand in Turkey, the strengthening of the ruble, and the emergence of financial obligations within…Prices for rebar showed mixed dynamics at the beginning of the year
Global rebar prices at the beginning of 2026 showed mixed dynamics depending on the market. In particular, the European and US markets saw a 2-5% increase in prices, while Turkey and China saw a 0.4-2%…
Nippon Steel widens full-year net-loss forecast to $446 million
Nippon Steel on Thursday widened its net-loss forecast for the financial year ending in March to 70 billion yen ($446.1 million) due in part to a fire at a blast furnace, after it swung to…
India's Tata Steel beats profit view as higher volumes outweigh weak prices
Tata Steel, India's second-largest maker of steel by market capitalisation, reported a bigger-than-expected third-quarter profit on Friday as higher sales volumes helped cushion the impact from weak steel prices.Nippon Steel widens full-year net-loss forecast to $446 million
Nippon Steel on Thursday widened its net-loss forecast for the financial year ending in March to 70 billion yen ($446.1 million) due in part to a fire at a blast furnace, after it swung to…China's construction steel prices seen rangebound in February
Construction steel prices in China may fluctuate slightly this month, according to Mysteel's latest monthly report on the sector, suggesting that support from the cost side may fade amid dropping prices of steelmaking raw materials.…
The EU imported 4.55 million tons of iron and steel products from Russia in January-November
In January-November 2025, the European Union imported 4.55 million tons (-9.8% y/y) of steel raw materials of Russian origin. The cost of imports reached €1.85 billion (-22.4% y/y). This is evidenced by GMK Center calculations…Nucor raises hot-rolled coil prices for third consecutive week
American steel company Nucor has raised its weekly spot price (CSP) for hot-rolled coil (HRC) for the third consecutive week. This is stated in the company’s official announcement.China steel prices seen rangebound in February
Chinese steel prices are expected to fluctuate in a narrow range in February, caught between weakening fundamentals in the ferrous market and an improving macroeconomic environment, Mysteel's chief analyst Wang Jianhua predicts in his latest…Australia initiates new exporter review on China-origin aluminium-zinc coated steel
Australia has initiated a “new exporter accelerated review” into anti-dumping and countervailing measures on aluminium-zinc coated steel imported from China, following an application filed by China's Guanxian Chuangsheng New Materials Co., Ltd, according to an…
Russian billet exporters struggle to hold price levels
Russian billet suppliers are facing sustained pressure from a strong rouble and weak demand, compounded by the seasonal slowdown in the domestic market and harsh winter conditions, market participants inform Kallanish.Chinese, Russian suppliers clinch UAE HRC deals
Top-tier Chinese suppliers, after cutting prices by nearly $9/tonne from mid-February levels, have dominated the hot rolled coil (HRC) market in the United Arab Emirates over the past week, amid continued silence from the major…France reduced steel production by 8.7% y/y in 2025
In 2025, French steel enterprises reduced steel production by 8.7% compared to 2024, to 9.82 million tons. The country ranks 19th in the WorldSteel Association’s global ranking of steel-producing countries (70).Nucor raises prices for hot-rolled coil in the US for the second week in a row
Nucor's HRC price rose to $965/t, while the market is seeing a gradual recovery in demand and pricesHyundai Steel plans to increase capital of US steel mill by $2.9 billion
South Korea’s Hyundai Steel said its affiliate Hyundai-POSCO Louisiana LLC plans to raise $2.9 billion in capital to invest in steel mill facilities in the US. This is stated in a regulatory filing submitted by…Canada slaps Chinese pipe with triple-digit dumping margins
The Canada Border Services Agency (CBSA) has made final determinations of dumping and subsidising on cast iron soil pipe from China, Kallanish learns from a CBSA press release.