Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
U.S. Steel imports increase month over month in April
The American Iron and Steel Institute (AISI) has reported that the U.S. imported 1.87 million net tons (NT) of steel in April 2026, including 1.38 million NT of finished steel, based on preliminary Census Bureau…
Rio Tinto commissions $1.5 billion low-carbon smelter expansion in Quebec
Rio Tinto said on Friday it has started commissioning its $1.5 ?billion low-carbon aluminium smelter expansion in the Canadian ?province of Quebec.
EU import cuts threaten Ukraine's battered steel sector, Interpipe CEO says
The European Union's plan to slash steel ?imports will hit Ukraine's war-battered industry and goes against an exemption by the bloc as ?the country fights Russia's invasion, the CEO of Interpipe, one of Ukraine's biggest…
Global scrap prices rose by 1–3% in May
Global prices for ferrous scrap rose by 1–3% in most markets in May 2026. Only prices for imported scrap in China declined.
Brazilian pig iron average prices rose by $15 per ton in May
Average pigiron prices rose by $10–15 per ton in May across most regional markets. In one of the key markets—Brazil—average prices rose to $480/t last month from $465/t in April.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.