Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
ArcelorMittal Kryvyi Rih to raise prices for rebar and wire rod due to energy costs
ArcelorMittal Kryvyi Rih PJSC will raise prices for its rebar and wire rod by $50/t starting in March this year. This was announced in a press release by the company.
Chinese mills' steel stocks soar 27% over CNY break
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey witnessed a significant rise due to muted trading during the Chinese New Year (CNY) holiday, with…
Prices for hot-rolled coil continue to rise in February
In the EU, purchasing activity is held back by the availability of stocks built up prior to the full implementation of the CBAM
Nucor raises hot-rolled coil prices for the sixth consecutive time
American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil to $990 per short ton (st), which is $10 more than the previous week. The company announced this in a letter…EU expects US to scale back steel, aluminum goods tariffs within weeks, Bloomberg News reports
European Union officials expect the U.S. to lower tariffs on goods containing steel and aluminum within weeks, potentially easing a major source of friction in transatlantic trade ties, Bloomberg News reported on Tuesday, citing people…Steel Imports Down 12.6% in 2025
Based on final Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,577,000 net tons (NT) of steel in December 2025, including 1,160,000 net tons…Turkey’s Erdemir Group produced 8.1 million tons of steel in 2025
Steel production at the Ere?li plant fell by 20.2% year-on-year to 2.6 million tons last year, while production at the Iskenderun plant increased by 3.8% year-on-year to 5.5 million tons.ArcelorMittal raises prices for hot-rolled coil in Europe by €50/t
Global steel producer ArcelorMittal is introducing a further price increase for hot-rolled coil in Europe of €50/t. This was reported by Kallanish with reference to market sources.
Global scrap prices have been showing positive dynamics since the beginning of the year
The global scrap market has been growing since the beginning of 2026. Raw material prices increased by 1.5-13.0% between December 26, 2025, and February 13, 2026, depending on the region. The most positive dynamics are…Nucor raises prices for hot-rolled coil for the fifth week in a row
American steel producer Nucor has continued to raise prices for hot-rolled coil (HRC), bringing the spot base offer (CSI) to $980 per short ton (st), which is $5 more than the previous week. This is…Trump working on rollback of steel and aluminium tariffs
US President Donald Trump is working to scale back tariffs on steel and aluminium that have frustrated some businesses and pushed up prices for items such as canned food and drink.Liberia sees iron ore output tripling to 30 million tons on ArcelorMittal expansion
Liberia expects iron ore output to triple to around 30 million metric tons this year, driven by ArcelorMittal Liberia's (AML) planned ramp?up and fresh volumes from new and revived projects, the country’s mines minister has…
Global scrap consumption declined in most regions in January-September
According to the Bureau of International Recycling (BIR), steel scrap consumption declined in most key regions of the world in January-September 2025, reflecting a shift in the geography of demand. At the same time, global…Steel sentiment boost reflected in M&A talks with Jindal, Thyssenkrupp CEO says
Stricter upcoming quotas and tariffs on steel imports into Europe have boosted sentiment on beaten steel stocks, the CEO of Thyssenkrupp said, adding this was also reflected in current talks to sell the firm's steel…Shagang rolls over long steel list prices for mid-Feb sales
Shagang Group (Shagang), China's leading privately-owned steelmaker, has decided to hold its long-product list prices for sales during February 11-20 from the previous ten-day period, the company announced Wednesday.China's HRC export prices rise again
China’s export price of SS400 3mm hot-rolled coil (HRC) under Mysteel’s assessment at North China's Tianjin port rose by $7/tonne during the week of February 2-6 to reach $470/t FOB by last Friday, Mysteel's latest…Nucor raises HRC prices for the fourth week in a row
American steelmaker Nucor has raised its hot-rolled coil (HRC) prices for the fourth week in a row. According to the company’s regular weekly report, the new spot price for HRC is $975 per short ton,…
Prices for pig iron rose by $20–30 per ton in January in some markets
In January, average prices for Indian and Russian pig iron rose by $20–30 per tonne. This was due to increased demand in Turkey, the strengthening of the ruble, and the emergence of financial obligations within…Prices for rebar showed mixed dynamics at the beginning of the year
Global rebar prices at the beginning of 2026 showed mixed dynamics depending on the market. In particular, the European and US markets saw a 2-5% increase in prices, while Turkey and China saw a 0.4-2%…