Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
China increased steel exports by 6.3% y/y in Q1
In January-March 2025, China increased its exports of steel products by 6.3% compared to the same period in 2024, to 27.43 million tons. Thus, steel shipments in the first quarter rose to their highest level…
Baosteel maintains current flat steel prices for May sales
China’s leading steelmaker Baosteel has maintained prices for flat products for sale on the domestic market in May at the level of April, Kallanish reports.
Cleveland-Cliffs opens May orders for HRC at $975/t
American steelmaker Cleveland-Cliffs has announced the opening of its May order book for hot rolled steel (HRC), setting its price at $975/tonne. The new price level is effective immediately, but the company reserves the right…Global, domestic steel, raw material prices slide in FY'25. HRC, imported iron ore take biggest hit
All global and Indian steel and raw material prices showed a y-o-y slide in the Indian financial year 2024-25 (FY'25) , reveals BigMint data. The highest decrease of 17% was seen in imported iron ore…
India's HRC-rebar reverse spread widens again in Mar'25 after 3-month gap
India's HRC-rebar reverse spread widened again in March 2025, after three months of contraction. The price gap between hot-rolled coils (HRCs) and blast furnace (BF) rebars stood at INR - 4,600/tonne (t) ($54/t) last month…Trump directs security panel to review US Steel deal
President Donald Trump ordered a review of the potential sale of US Steel Corp to Nippon Steel Corp, opening the door to amend a decision by his predecessor, Joe Biden, to block the transaction.
Rio Tinto to supply 70% of iron for zero-carbon steel plant in Austria
Rio Tinto (RIO.AX), opens new tab will supply 70% of the iron ore for a new hydrogen-based steelmaking plant being developed with Austrian steelmaker Voestalpine (VOES.VI), opens new tab and steel-making technology provider Primetals Technologies,…
European slab prices declined in early April
In early April, Asian suppliers of steel slabs reduced their offers to European rolling mills to $520-540/t CIF, according to Eurometal. At the end of March, Asian producers were asking for $580-600/mt CFR.
US scrap prices began to decline in early April
Buyers do not support further growth amid increased supply from scrap metal collectorsChinese ore prices rose slightly in early April
So far, the changes have affected only low-grade products, but there are prerequisites for further price increases for the entire lineTrump, tariffs and tin - LME metals in seven charts: Andy Home
U.S. President Donald Trump's tariff blitz has shocked financial markets, but the LME base metals complex got an early preview of the likely mayhem.China announces additional 34% tariffs on US goods
According to the Tariff Commission of the State Council of China, the duty will be imposed on all imported goods from the United States starting April 10. Beijing called Washington’s new duties “a typical unilateral…US rebar pricing holds steady, awaiting tariff clarity
Pricing for domestically produced rebar in the US is unchanged for the fifth week in a row, as uncertainty rules the day ahead of Wednesday's details on US reciprocal trade tariffs.India tightens steel procurement to favour domestic mills
India has tightened steel procurement rules to favour domestic manufacturing, at a time when mills are struggling with lower prices of iron and steel due to a sharp influx of cheaper imports, a government notification…Billet prices fall in ASEAN
Billet import prices have weakened in ASEAN, Kallanish notes. While this is attributed to the softening futures market in China, sluggish regional demand for construction steel continues to keep trading prices within a narrow range.
Global coking coal prices continued to fall in late March
Premium coking coal (PHCC) prices in Australia fell by $10/t from March 14 to March 28, to $168/t FOB, according to Kallanish. Overall, the decline for the month was $20/t. On the Singapore Exchange, April…ArcelorMittal raises prices for hot-rolled coils to €700/t in Northern Europe
The company raised the price by €20/t due to increased demand and an expected reduction in steel imports to EuropeGlobal rebar prices stabilized in late March
Indian rebar prices remained unchanged at $657/t EXW Mumbai from March 21 to 29, according to Kallanish. Since the beginning of the month, the price of the product has increased by $41/t. Thus, the potential…Nucor reaches peak price growth for hot rolled coils
US steelmaker Nucor has released its weekly spot price (WSP) for hot rolled coil (HRC), leaving offers unchanged from the previous week at $935 per short tonne for all production facilities except California Steel Industries…