Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor-Yamato and Gerdau are raising beam prices in the U.S.
Nucor-Yamato Steel (a division of Nucor Corporation and a joint venture with Yamato Kogyo) and Gerdau Long Steel North America have raised prices for C12 and C15 beams by $90 per short ton, according to…Global crude steel output declines by 2% over Jan-Apr
Crude steel production among the 69 countries checked by the World Steel Association (WSA) totaled 613.3 million tonnes over this year's January-April period, recording an on-year decrease of 2% from the same reporting period last…
China's weak steel output, strong iron ore imports show structural shift
The contrast between China's weak steel production but robust iron ore imports is continuing and is starting to look like a structural shift rather than a temporary dislocation.
India turns net importer of finished steel in April, data shows
India turned a net importer of ?finished steel in April, ?according to provisional government data reviewed by Reuters on Monday.
Global pig iron production fell by 1.6% y/y in January–April
Global pig iron production for the period from January to April 2026 fell by 1.6% compared to the same period in 2025, to 456.3 million tons. This is according to data from the World Steel…Global steel production fell by 4.1% m/m in April
Global steel production in April 2026 fell by 1.9% year-on-year and by 4.1% month-on-month, reaching 153.4 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).
India steel ministry pushes to end metallurgical coke tariffs, document shows
India's Ministry of Steel has asked the finance ministry to withdraw anti-dumping ?tariffs on low-ash metallurgical coke imports, citing inadequate domestic supplies and higher prices, according to a government document reviewed by Reuters.High production costs, slower consumption to weigh on China's steel market
China's steel market is expected to stay under pressure from the dual impact of high raw material costs and the upcoming off-season for steel consumption in summer, despite domestic steel prices continuing to rise since…Nucor raises HRC price to $1,090 per ton
U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil—by $10 per short ton compared to the previous week. This was announced in a letter the company sent to its…South Africa sets higher steel import duties to shield struggling local sector
South Africa has set higher import duties on certain steel products, ranging from 10% to 30%, to defend the struggling industry in the face ?of weak demand and rising imports led by China.EU lawmakers back near halving of duty-free steel imports and raised tariffs
The European Parliament approved on Thursday limits to duty-free steel imports into ?the European Union in a move designed ?to protect the bloc's steel sector and increase its capacity utilisation to 80%.China's construction steel buying to gain slowly in May
China's demand for construction steel is expected to see a modest rise this month due to the impact of the May Day holiday over May 1-5 and the rainy season in southern China arriving later…
Iron ore prices have risen by 3.9% since the beginning of May
As of May 15, 2026, iron ore prices (KORE 62% Fe/Qingdao) had risen by 3.9% compared to May 1, reaching $114.7/t CFR. Over the past month (April 17–May 15), prices rose by 5.3%, indicating a…Tata Steel misses quarterly profit view on increased raw materials costs, one-time charges
Tata Steel, India's second-largest maker of steel by market capitalisation, posted a smaller-than-expected fourth quarter profit on ?Friday, hurt by increased raw materials costs and one-off ?charge related to restructuring at its Netherlands unit.
Nippon Steel increased steel production by 27.5% y/y in the FY2025/2026
Nippon Steel, Japan’s largest steel producer, announced its financial and operating results for the 2025/2026 fiscal year, which ended on March 31, and also reported on the restructuring of its European business.The European hot-rolled coil market experienced a decline in April
The global hot-rolled coil market showed mixed trends in April 2026. In the United States and China, prices continued to rise due to limited supply and high raw material costs, while in the EU, the…
Prices for oil and gas OCTG pipes in the US rose by $220 per ton in April
Regional pipe markets are showing mixed trends due to the specific nature of pipe products. By the end of April, prices for welded pipes in Turkey intended for construction purposes had practically stabilized, while quotations…Nippon Steel expects $1.4 billion fiscal year profit as one-off items fade
Nippon Steel, Japan's biggest steelmaker, on Wednesday said it expects its net profit for the year ?that ends in March to increase sharply to 220 billion ?yen ($1.4 billion) as the effects of one-off losses…Baosteel raises prices for flat steel products for the fourth consecutive time
Baoshan Iron & Steel Co (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, is raising domestic prices for several key flat steel products for June orders. Specifically, the price of…