Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
India Iron Ore, Pellet Exports Fall 67% to 4-Year Low
In September 2026, India’s exports of iron ore and pellets fell by 67.2% compared with the previous month, to 0.7 million tonnes.
Average prices for OCTG pipes in the US rose by 17% y/y in September
The global pipe market is seeing mixed trends, driven by the specific characteristics of pipe products. At the end of September, prices for welded pipes in Turkey, intended for construction, rose by $15/t, whilst quotations…
Formosa has raised its prices for hot-rolled coils for winter deliveries
Vietnamese steel producer Formosa (FHS) has raised its domestic prices for hot-rolled coils (HRC) by approximately $9/t for deliveries in December and January.
Average scrap prices in Turkey rose by $28 per tonne in September
Trends in regional scrap metal markets in September were mixed. In Turkey, the US and Germany, prices rose following the summer slump. Last month, declines were recorded in the Chinese and Italian markets — by…
Steel shipments to the US rose by 5.9% y/y in August
In August 2026, US steelworks shipped 8.22 million short tonnes of steel, which is 5.9% more than in the same period of 2025. This is stated in a report by the American Iron and Steel…India plans to increase scrap processing to 123 million tonnes per year by 2047
According to estimates by the Indian government, scrap recycling in the country will rise to 123 million tonnes per year by 2047, up from 36 million tonnes in the 2025/2026 financial year, which is equivalent…China Steel Stocks Rise 4.5% During National Day Holiday
Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks accumulated moderately during the week-long National Day holiday over October 1-7, according to the results of Mysteel's…
Tata Steel India Q2 Output Rises 8% to 6.21M Tons
Tata Steel’s crude steel production in India increased by 10% year on year to 6.21 million mt in the second quarter of the 2026-2027 fiscal year. The company’s shipments increased by 7% to 5.97 million…Biden opposes plan to sell US Steel to a Japanese firm, citing the need for 'American steel workers'
President Joe Biden is opposing the planned sale of U_S_ Steel to Nippon Steel of Japan, saying the U_S_ needs "strong American steel companies powered by American steel workers.”The European automotive sector is concerned about the expansion of the scope of the CBAM
European industry associations representing the automotive sector have called on EU policymakers to adopt a decision on a more limited and proportionate extension of the Cross-Border Carbon Adjustment Mechanism (CBAM) to downstream products.
Prices for square billets in Turkey rose by $30/t in September
Mixed price trends were observed in regional square billets markets in September. In the Gulf states and China, prices fell by the end of the month. Prices for Russian square billets in the Black Sea…Nucor has raised the price of hot-rolled coils to $1,230 per tonne
The American steel producer Nucor has once again raised the spot price (CSP) for hot-rolled coils by $10 per short tonne compared with the previous week. This is stated in the company’s letter to customers…AISI: US raw steel production in week ending October 3 rises y-o-y
According to American Iron and Steel Institute (AISI) statistics, US domestic raw steel production totaled 1.801 million net tons for the week ending October 3, 2026, with a capability utilization rate of 78.3%.Cleveland-Cliffs is investing $200 million in the expansion of the Butler Works plant in the US
Cleveland-Cliffs, one of the largest US steel producers, is undertaking a large-scale expansion of its production of grain-oriented electrical steel (GOES) at its Butler Works plant in Pennsylvania, at a cost of $200 million.Nucor has raised the price of hot-rolled coils to $1,210 per tonne
The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $10 per short tonne compared with the previous week. This is stated in the company’s letter to customers…
India steel ministry unlikely to seek new curbs on cheap imports, government source says
India's steel ministry is unlikely to push for any new measures to curb cheap imports in the near ?term, turning down a request from domestic steelmakers, according to ?a government source with direct knowledge of…Tata Steel is counting on additional government funding for the project in Port Talbot
The Indian steelmaker Tata Steel is seeking further support from the British government for its plant in Port Talbot due to delays with the new electric arc furnace (EAF). This is reported by Sky News.EU waste proposal would ban India from importing bloc's metal scrap
India will be among the countries barred from importing EU metal waste, including aluminium scrap, under ?a new law due to take effect in May ?2027, according to a European Commission proposal setting out exemptions…US steelmakers have urged Trump not to ease the Section 232 tariffs
The US steel industry has called on the Trump administration not to ease the Section 232 tariffs on steel and steel products. The signatories to the relevant letter to the US President included, amongst others,…