Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Steel producers tease Q1 earnings surge, citing higher prices
Nucor Corp. and Steel Dynamics are projecting a $1-per-share surge from the previous quarter as tariffs on imported steel bolster domestic production and demand.Iron ore prices continue their upward trend in April
The average price of KORE 62% Fe iron ore (Qingdao, CFR) in April (April 1–17), 2026, rose by 2.3% compared to March prices, reaching $108.78/t. As of April 17, the price stood at $108.04/t, up…
China’s steel exports fell by 9.9% y/y in Q1
In January–March 2026, China reduced its steel exports by 9.9% year-on-year, to 24.71 million tons. This was reported by the China Iron and Steel Association (CISA), citing data from the customs service.
Global steel demand is expected to grow by 0.3% in 2026 – Worldsteel
The World Steel Association (Worldsteel) forecasts that global steel demand will grow by 0.3% this year, reaching 1.72 billion tons. This is stated in the association’s April short-term outlook.Tangshan billet prices pull back on week
Billet prices in Tangshan in North China's Hebei province declined again during the week of April 6-12 after the previous week's gain, with Mysteel assessing the price of Q235 150mm square billet in the city…Industry group cuts global steel demand forecast for 2026 due to Iran war
The World Steel Association on Tuesday cut its ?forecast for global crude steel demand this year, ?partly due to the Iran war slashing consumption in the Middle East.
China's rebar output rises further on week
Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rose further during the week of April 2-8, with the production volume climbing by 4.1% or 84,900 tonnes on week at 2.16 million tonnes,…
Japan's steel demand, crude steel output to fall over April-June
Japan's steel industry will experience a slow first quarter of the country's new fiscal year from April 1, with demand seen falling by 1.5% from April-June last year and steel production dipping by 0.7% year-on-year…DoC: U.S. steel imports rise slightly MoM in February
U.S. steel imports edged up to around 1.53 million tonnes in February, an increase of 26,753 tonnes or 1.8% from January but a decline of 509,773 tonnes or 25% from a year earlier, according to…The decline on China's retail steel stocks continues
Retail inventories of the five major carbon steel products held in the commercial warehouses across China regularly checked by Mysteel thinned for the fourth consecutive week during April 3-9, the results of Mysteel's latest weekly…Future steel market to develop in positive direction
Following Hoa Phat Steel's price-up, Formosa Ha Tinh Steel has also raised its offers, including hot-rolled coil (HRC) and carbon wire. In addition, the Vietnamese Ministry of Industry and Trade recently announced temporary anti-circumvention measures…India aiming to cut steel emissions by 25%, double capacity, document shows
India's steel mills aim to cut carbon ?emissions by about a quarter over the next decade and reduce reliance on coal, while ?the world's second-biggest producer of the alloy plans to more than double output,…China's March stainless output jumps 40%, April edges lower
China's crude stainless steel production rebounded significantly in March from February as mills resumed normal operations following the Chinese New Year holiday, Mysteel's latest survey results show. This month will likely see a reversal, however,…Due to the rainy season, the tight supply of cast iron in Brazil may persist until May
Average prices in most regional pig iron markets rose by $10–25/t in March. The increase in prices was partly driven by limited supply due to weather conditions in Brazil and rising prices on the global…India puts off global steel conference citing Middle East crisis
India's federal steel ministry has postponed a global steel ?conference scheduled for April 16-17 ?in New Delhi, citing disruption to international participation due to the Middle East crisis, the ?ministry said.Nucor has raised the price of hot-rolled coil to $1,040 per ton
U.S. steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $5 per short ton compared to the previous week. This was announced in a letter from the company to…India exported 25.8 million tons of iron ore in the 2025/2026 fiscal year
In the 2025/2026 fiscal year (ending March 31), India reduced its exports of iron ore and pellets by 15% year-over-year, to 25.78 million tons, according to data from BigMint.Mid-East conflict pushes SEA billet costs, Chinese materials to fill supply gap
Ongoing turmoil in the Middle East is creating a significant steel billet supply gap and driving up regional shipping and logistics risks, pushing import costs for Southeast Asia higher by more than 20%, according to…Steel shipments to the US rose 5.1% y/y in February
The American Iron and Steel Institute (AISI) reported today that for the month of February 2026, U.S. steel mills shipped 7,395,507 net tons, a 5.1 percent increase from the 7,035,936 net tons shipped in February…