Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Saudi Arabia pilots scrap imports programme
Saudi Arabia has stepped up scrap imports to address a widening supply-demand gap, as the country braces for a critical shortage in the first quarter of 2026.
EMSTEEL upgrades rebar mill with new Twin Channel system
Danieli Service successfully completed the replacement of the entire Twin Channel system at the EMSTEEL rebar mill in Abu Dhabi, originally supplied by Danieli in 2006.
EU-India agreement must take into account challenges facing the bloc’s steel industry – EUROFER
European steelmakers call for a level playing field and protection of strategic industries in negotiations with India.
The global market for hot-rolled coil has been growing steadily since early November
In early November, the global hot-rolled coil (HRC) market is showing a predominantly upward trend. Prices are rising in the EU and the US amid more stable demand and reduced supply, while China, on the…ArcelorMittal raises prices for long products in Europe by €30/t
Other EU producers have also announced their intention to increase prices by €20-30/t. Global mining and steel company ArcelorMittal has announced a €30/t price increase across its entire long products range in Europe, according to…
BMI expects iron ore prices to fall to $95/t in 2026
Prices for this raw material in China are currently supported by low short-term stocks. Analysts at research agency BMI predict that average iron ore prices will be $95/t in 2026,Sweden grants green steel startup Stegra $41 million in funding
Sweden said on Wednesday it had granted green steel startup Stegra 390 million crowns ($41 million) in funding, as the Swedish company gathers new financing to complete its factory in the north of the country.
Asian coking coal prices showed mixed dynamics in November
Domestic production is recovering in China, while India is weighing the impact of possible tariffs on coke imports. Asian coking coal prices fluctuated in November amid changing trends in China and India.Nucor raises prices for hot-rolled coil for the fifth week in a row
In a letter to customers, the company specified that the price of thick plate will increase by $30 per short ton for all new orders not confirmed by the end of the business day on…India's finished steel imports in April-October down 34%, govt data shows
India's finished steel imports during the first seven months of the financial year were down 34.1% year-on-year, according to provisional government data reviewed by Reuters on Monday.India sharply increased iron ore imports by more than 200% y/y in January-October
Demand for high-quality raw materials is growing due to limited domestic supplies and expansion of blast furnace capacityHigh-grade scrap demand remains limited, secondary metallurgy important
Despite the push to lower steelmaking emissions, there is limited demand for high-quality scrap in Europe, while EU mills could follow their US counterparts and acquire scrap processors to have first refusal over scrap supply,…Indian rebar prices turn volatile as buyers retreat
India’s rebar market remained volatile through the week amid cautious buying and uneven demand across regions, Kallanish notes. Prices moved in a narrow band as traders stayed on the sidelines waiting for clearer direction.China's 304 stainless CRC prices suffer broad decline
Spot prices for 304-grade stainless steel tracked Shanghai futures prices during November 13-19 and mostly softened further in China's major trading hubs, the results of Mysteel's latest survey showed. The exception was cold-rolled coil (CRC)…US Finished Import Market Share Estimated at 14 Percent in September
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of September totaled 1,650,000…
EU steelmakers concerned about direction of discussions on green steel labeling
Steel producers and scrap collectors are concerned about the consideration of a «sliding scale» without differentiation based on production technologiesGermany increased steel production by 5.1% m/m in October
In October 2025, German steel enterprises increased steel production by 5.1% compared to the previous month, to 3.13 million tons. Compared to the same month in 2024, the figure decreased by 3%. Production volumes have…China steel output slumps as iron ore imports head for record
China's steel production this year will drop below 1 billion metric tons for the first time since 2019, but iron ore imports may rise to a record high.China's HRC output dips, but price pressure remains
Production of hot-rolled coils (HRC) among the 37 Chinese steelmakers regularly surveyed by Mysteel retreated further during November 6-12, easing by 1.4% on week to 3.14 million tonnes, the latest survey results showed.