Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Voestalpine to supply steel for BYD’s Hungary plant
Chinese electric vehicle (EV) producer BYD says it has agreed to procure steel from Austrian steelmaker voestalpine for its new car factory in Hungary, Kallanish notes.
Chinese mills' steel stocks rise
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey rose by 1.8% on week during June 20-26 to reach 4.34 million tonnes, bringing an end…China's rare earths are flowing again, but not freely
The threat of mass shutdowns across the automotive supply chain is fading as Chinese rare earth magnets begin to flow, though automakers and suppliers say production plans still face uncertainties and a continued risk of…
Taiwan to impose anti-dumping duties on Chinese beer, steel for four months
Taiwan's finance ministry said on Friday it would impose anti-dumping duties on Chinese-made beer and hot-rolled steel for four months starting on July 3, citing substantial damage to Taiwan's industry.Hadeed’s July rebar pricing expected to guide market
Scrap prices in Saudi Arabia have softened slightly this week following the benchmark mill's procurement price rollover. However, growing concerns over delayed payments from mills have led to tightening supply from local scrap collectors, which…
US increased its imports of rolled steel by 10.4% m/m in May
According to data from the American Iron and Steel Institute (AISI), US steel companies increased their imports of rolled steel by 10.4% in May 2025 compared to the previous month, to 1.78 million tons.India’s steel ambitions hit scrap supply hurdle
With India aiming to raise crude steel output from around 150 million tonnes/year currently to 220mt/y by 2030, a key concern is the availability of scrap to support this growth as the entire industry is…Britain set to impose tougher than expected caps on steel imports
The British government is set to impose tougher than expected trade caps on steel, limiting imports from Vietnam, South Korea and Algeria to better defend its domestic supply from the fallout of a global trade…
US tariffs cost German carmakers €500m
Currently, the US is implementing a 25% levy on imports of autos and auto parts from several markets, including the European Union. In an interview with the Funke Media Group, VDA’s president Hildegard Müller said…Chinese mills' steel stocks decline further
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey shrank further during June 13-19, with the total volume down for the fourth straight week, albeit…China's rebar output recovers after 3-week fall
Rebar production among the 137 Chinese steel mills Mysteel checks nationwide recovered during June 12-18 after declining for the previous three weeks, with the volume rising by 2.2% or 46,100 tonnes on week to reach…ExclusiveIron ore prices have been fluctuating within a narrow range since early June
July futures on the Singapore Exchange are under increased pressure, while September offers on the Dalian Exchange remain stableChina's Jan-May rebar output falls 1.6% YoY
China produced a total of 82.3 million tonnes of rebar over January-May, marking a 1.6% on-year decline, according to the latest data released by the National Bureau of Statistics (NBS) on June 19. This drop…Hot rolled coil prices in the EU may drop to €570/t – WSD
The European hot-rolled coil (HRC) market remains under pressure due to weak demand, oversupply, and falling prices. At the same time, European Steel Dynamics News Service predicts a possible recovery in the second half of…Global rebar prices have been under pressure since early June
The global rebar market showed mixed dynamics in early June 2025. Although prices in most regions are under pressure due to seasonal slowdown and weak demand, the US market saw a sharp rise in quotations…Nucor raises prices for hot rolled coils for the second time since June
American steel company Nucor announced an increase in the weekly spot price (CSP) for hot-rolled coil (HRC). Offers for the week of June 16-22, 2025, rose by 1.1% or $10/t compared to the previous week,…Iron ore prices have been mostly stagnant since early June
At the beginning of June 2025, the iron ore market remains uncertain, with signs of stagnation and limited volatility. Despite isolated spikes in prices, the overall trend since the beginning of June has been mostly…Nippon Steel exec says firm needs freedom to manage U.S. Steel, newspaper says
Shares of U.S. Steel dipped after a Nippon Steel executive told the Japanese Nikkei newspaper that its planned takeover of the company required "a degree of management freedom" to go ahead, even as sources told…India remains a net importer of rolled steel products despite slowdown in supplies
In April, imports of steel products decreased by 11.3% y/y, but volumes are still 144 thousand tons higher than exports