Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor has once again raised the price of hot-rolled coils
The American steel producer Nucor has once again raised the spot price (CSP) for hot-rolled coils by $5 per short tonne compared with the previous week. This is stated in the company’s letter to customers…
ArcelorMittal is raising prices for long products in Europe by €20 per tonne
ArcelorMittal, one of the world’s largest steel producers, is raising prices for long products (bar steel, reinforcing bars and wire rod) by a further €20/t. This is the second increase following a €25/t rise in…
Global steel production fell by 0.3% y/y in July
Global steel production in July 2026 fell by 0.3% y/y – to 149.2 million tonnes. This is shown by the World Steel Association’s global ranking of steel-producing countries (70).
Cooling chamber successfully revamped at Cogne Acciai Speciali
Cogne Acciai Speciali awarded Danieli Service a modernization project for its plant in Aosta, Italy, to upgrade the cooling chamber of the continuous casting machine for special steel blooms.China's retail steel stocks stay stable on week
Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks were largely unchanged on week during August 21-27, according to the results of Mysteel's latest weekly survey.
Hyundai Steel forges alliance with HanmiGlobal to secure competitive edge
The steelmaker announced on Aug. 19 that it had signed a memorandum of understanding with Korea’s leading domestic construction company at its Hyundai Steel Pangyo office in Seongnam, Gyeonggi.
Kyoei Steel sticks to 'minimum' rebar price for September
Announcing its domestic sales policy for September on Wednesday, Kyoei Steel, Japan's largest rebar producer, declared that it will continue to strictly enforce a minimum price of Yen 115,000/tonne ($723/t) for base-size bars, a level…China's steel prices seen rangebound in near term
China's steel prices are expected to stay rangebound in the near term, as expectations for a seasonal demand recovery in autumn and cost-side support may provide upward impetus, according to the latest monthly report of…Demand for steel in China’s manufacturing sector is set to rise by 3.3% y/y in 2026
China’s manufacturing sector remains the main driver of growth in domestic steel demand, driven primarily by strong export figures against the backdrop of a prolonged downturn in the property and infrastructure sectors. Steel consumption in…China billet prices rise on cost support
Billet prices in Tangshan in North China's Hebei province posted moderate gains during August 17-23 on the back of elevated costs for inputs, with Mysteel assessing the price of Q235 150mm square billet in the…Baosteel reports 6.3% on-year decline in H1 net profits
Baoshan Iron & Steel Co., Ltd. (Baosteel), the listed arm of the world's largest steelmaker by capacity, China Baowu Steel Group (Baowu), saw its net profits for the first half of 2026 fall by 6.3%…Canada retaliates against U.S. by raising steel duties, adding new tariffs on $20B of goods
President Donald Trump ramped up his rhetoric against Ottawa on Tuesday morning, threatening to rename Lake Ontario “Lake America.”Indian steelmakers to remain profitable despite rising costs – forecast
Domestic demand for steel is expected to rise by 5–7% in the 2027 financial year, driven by infrastructure, the automotive industry and constructionGlobal Crude Steel Production Dips 0.3% in July 2026
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 149.2 million tonnes (Mt) in July 2026, a 0.3% decrease compared to July 2025.China is stepping up decarbonisation efforts in the steel industry as part of its 15th five-year plan
The Ministry of Industry and Information Technology of the People’s Republic of China (MIIT) has published its 15th five-year plan for ‘green’ and low-carbon industrial development. The main objective of the document is to ensure…China's retail steel stocks drop further on week
Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks fell for the second consecutive week during August 14-20, according to the results of Mysteel's latest weekly…Crude steel output in key China hubs falls 2.7% YoY in Jan-July
Crude steel production among China's top 10 steelmaking provinces and autonomous regions declined by 2.7% on year to 416.84 million tonnes over January-July, according to the latest data from the National Bureau of Statistics (NBS)…China's rebar output drops 11% YoY over Jan-Jul
China's rebar output totaled 100.93 million tonnes during January-July this year, posting an on-year decline of 11.2% on year, according to the latest release from the National Bureau of Statistics (NBS) on August 19.BlueScope Steel's FY'26 profit surges on stronger US, Southeast Asia performances
BlueScope Steel Limited, the Australia-based coated sheet and pre-painted building products maker, reported a sharp increase in profitability for the financial year ended June 30, 2026, with its net profit after tax (NPAT) soaring 857%…