Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global scrap market balances between different trends in October
Global prices are moving unevenly: the US and Turkey are experiencing growth, while the markets in China and the EU remain under pressure
ArcelorMittal raises prices for hot-rolled coil in Europe
The price for December deliveries has been set at €630/t. ArcelorMittal, one of Europe’s leading steel producers, has raised its prices for hot-rolled coil (HRC) in Europe to €630/t for December deliveries, Fastmarkets reports.
Prices for OCTG pipes in North America remained stable in September
Quotations for welded pipes in Turkey fell by $18 per tonne over the same period due to weak demand in the EU
India's small steelmakers cut output as weak demand, falling prices bite
India's small steelmakers are struggling with weak demand, rising inventories and falling prices, highlighting a construction slowdown despite New Delhi introducing its biggest consumer tax cuts in eight years to boost growth and counter steep…Swedish green steel firm Stegra seeks another $1.1 billion in financing
Swedish green steel startup Stegra plans to raise up to around 975 million euros ($1.1 billion) in additional funding for the building of its plant in northern Sweden and the shoring up of finances, it…
China steel prices poised for rebound in October
After sliding steadily during the previous two months, Chinese steel prices are expected to rise in October, lifted by improved fundamentals plus the likely implementation of strengthened economic stimulus policies by the central government, Mysteel's…
New EU safeguard measures on steel imports should not harm Ukraine’s exports
When allocating new quotas, the EC will take into account the Ukrainian security situation. The EC’s draft proposal for new safeguard measures on steel imports contains a reference to Ukraine’s special status in this process.
Canada-US sectoral deals likely to persist even if USMCA is revised, Carney says
The specific deals that Canada is negotiating with the U.S. in key sectors such as steel, aluminum and autos are likely to persist even if the United States-Canada-Mexico trade deal is reviewed next year, Prime…
‘Existential threat’: what do EU’s 50% steel tariffs mean for UK industry?
The EU shocked the UK steel industry on Tuesday with an announcement of 50% import tariffs – with no apparent carve-out for metal crossing the Channel. UK Steel, an industry lobby group, said the plan…Prices for square billets showed mixed dynamics in September
The overall situation on the global square billet market remained largely stable with a negative trend in September. In the second ten days of the month, prices practically stabilized and sentiment improved slightly.UK seeks clarification from European Commision on steel quotas impact
Britain said it was seeking urgent clarification on steel import quotas announced by the European Commission on Tuesday, with Prime Minister Keir Starmer saying his government was in talks with the bloc about the move.WTO rules in favor of Indonesia in stainless steel tariff case
Indonesia has expressed strong support for a recent World Trade Organization (WTO) panel ruling in its favor concerning a trade dispute with the European Union (EU) over countervailing and anti-dumping duties imposed on Indonesian stainless…
Turkey's steel imports & exports increased in Jan-Aug y-o-y
According to data from the Turkish Steel Producers Association (TCUD), Turkey imported 12.6 million tons of steel in the first eight months of 2025, representing a 17.9% year-on-year increase. The import volume in August was…
US Issues Preliminary Results of Antidumping Review on PC Strand from Malaysia
The US Department of Commerce (DOC) has released the preliminary results of the administrative review of the antidumping duty order on prestressed concrete strand (PC strand) from Malaysia for the period June 1, 2023, to…Yamato Steel upgrades heavy section mill with new CCS mill stands from SMS group to increase production capabilities
Yamato Steel Co. Ltd., a manufacturer of beams and structural steel, has contracted SMS group to modernize its section mill in Himeji, Japan, replacing two existing mill stands with new compact cartridge mill standsTata Steel UK has begun construction of a new pickling line in Port Talbot
Tata Steel UK has begun construction of a new 1.8 million tonne pickling line at its Port Talbot facility, according to a company statement.Nucor raises prices for thick-gauge rolled steel by $60/t starting in November
Nucor, the largest steel producer in the US, announced a $60 per short ton increase in prices for thick-gauge rolled steel with the opening of its November order book. This was stated in a letter…EU to cut steel import quotas, hike tariffs to 50%
The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed…Tangshan billet price drops $13/t on week
Billet prices in Tangshan city in North China's Hebei Province decline during September 22-28, with Mysteel assessing Q235 150mm square billet price in the city lower by Yuan 90/tonne ($13/t) on week at Yuan 2,970/t…