Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
China's HRC output edges up further, prices end decline
Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged up slightly by another 17,400 tonnes on week to 3.04 million tonnes during July 2-8, after the previous week’s tiny uptick,…
Baosteel is raising prices for hot-rolled steel for August sales
Baoshan Iron & Steel (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, has raised prices for its main flat steel products, including hot-rolled coil (HRC), for domestic sales in August.…
Japan imposes 4-month provisional AD duties on nickel-based cold-rolled stainless steel from Taiwan & China
Japan announced provisional anti-dumping (AD) duties lasting four months, from July 8, 2026, to November 8, 2026. The measures target imports of nickel-based stainless steel cold-rolled strips, sheets, and coils.Jingye Steel demands full compensation for British Steel takeover
China's privately owned steelmaker Jingye Steel said on Monday it would seek "prompt, adequate ?and effective" compensation from the British government ?over its investment in British Steel, after the government took control of the company.ArcelorMittal is raising prices for rolled steel in Europe by €50 per tonne
The updated base price for hot-rolled coil (HRC) now stands at €770 per tonne on a delivered basis, compared with the previous level of €720 per tonne. Prices for cold-rolled coil (CRC) and hot-dip galvanised…Steel production in China could fall by 1.2% у/y in 2026 — forecast
According to SteelHome’s latest forecast, steel production volumes in China will show a moderate decline in 2026 due to structural imbalances in the market. Steel output is expected to stand at 950 million tonnes, down…
Demand for steel in India rose by 8.3% y/y in Q1 of FY2026/2027
During the first quarter of the 2026/2027 financial year (FY2026), India’s steel industry demonstrated steady growth. According to official data from India’s Ministry of Steel, the country has seen positive trends across all key indicators:…South Korea is set to expand its support for the steel industry
The South Korean government is set to expand its support measures for the steel sector. This was announced by the country’s Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol, according to the…Prices for billets on regional markets fell by $5–15 per tonne in June
In most regional markets for square billets, prices fell by 5–15 dollars per tonne in June. The Gulf states were an exception, where the war in the region created a unique market situation, and prices…Latin American countries, some steelmakers argue for US tariff exemptions
Some steelmakers and trade groups argued at the forced labor hearing for ?an exemption for imported ?pig iron, used in steel production from electric arc furnaces.Cleveland-Cliffs is to supply the Pentagon with $400 million worth of electrical steel
The American steelmaker Cleveland-Cliffs Steel Corp. has signed a major deal with the US Department of Defence (Department of War) to supply electrical steel. The total value of the contract is $400 million, according to…Toyota is investing $3.6 billion in a new plant in Texas
The Japanese car manufacturer Toyota Motor Corp has announced plans to invest $3.6 billion in the construction of a new car assembly plant in the state of Texas. This move will enable the company to…JSW Steel Breaks Ground on New Integrated Plant in Andhra Pradesh
JSW Steel, a major player in India's steel industry, has kicked off construction on an integrated steel facility in the Rayalaseema region of Andhra Pradesh. The project carries a combined price tag of 163.50 billion…Brazil has criticised the new trade barriers imposed by the US and the EU
According to the country’s authorities, such actions do not solve the problem of steel overproduction, but instead provoke an escalation of trade measuresChina increased stainless steel production by 2% y/y in May
In May, China increased its production of crude stainless steel by 2 per cent month-on-month – to 3.79 million tonnes. This is according to data from the Stainless Steel Council of the China Iron and…Turkey’s steel exports fell by 2.9% y/y over a five-month period
In May, Turkish steel exports fell by 0.2% year-on-year to 1.36 million tonnes, whilst their value decreased by 0.6% year-on-year to $914 million. Overall, for January–May, this figure fell by 2.9% year-on-year to 6.13 million…Excess supply to weigh further on Chinese steel prices in July
After sliding steadily in June, Chinese steel prices are expected to ease further in July under the pressure of deteriorating steel fundamentals, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly outlook.British steelmakers are calling for an improvement in the terms of trade in steel with the EU
The publication of the new European steel quota regime is an important step in providing certainty for British exporters, according to the industry association UK Steel. 70% of steel exports from the UK go to…India plans to allocate $529 million to reduce emissions in the steel industry
India’s Ministry of Steel is finalising a large-scale financial support package worth $529 million. The programme is aimed at introducing technologies to reduce carbon emissions in the steel sector. According to government sources, the initiative…