Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Canada metal ore prices achieve another record high
Prices for Canada’s primary ferrous metals and fabricated metal products slipped month-on-month in February, whilst metal ore concentrate increased, Kallanish discovers from the latest data gathered by Statistics Canada.
US significantly raises rebar exports in Jan
According to statistics from the US Department of Commerce (USDOC), US rebar exports in January rose by 45% month on month and by 64% year on year, reaching around 29,000 tons.
Recycling associations concerned about EC proposals in steel and metals action plan
The recycling associations BIR and EuRIC have issued a joint statement expressing concern over the export proposals in the Steel and Metals Action Plan published by the European Commission.Global CRC prices increase in March
The price of cold rolled coil in North America increased from $1,125/t EXW as of February 28 to $1,162/t EXW as of March 20, according to Kallanish. The rise in product prices is not supported…EU proposes cutting steel imports by 15% as Trump tariffs bite
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European…India's proposed steel import tax smaller than hoped, but 'better than nothing', steelmakers say
India's proposed 12% tax on steel imports was less than the industry had expected, but will give some relief from an influx of cheap Chinese imports, executives said on Wednesday.
Global slab prices rose in the first half of March
Indonesian and Vietnamese slab suppliers raised their selling prices for EU customers to $500/t SFR in mid-March, according to SteelOrbis. In mid-February, offers were at $480-485/t CFR Europe.
Nucor raises prices for hot-rolled steel once again – up to $930/t
The US steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from March 17, 2025, the base price of HRC will be $930 per short tonne…The US remained ArcelorMittal’s largest market in 2024
In 2024, the United States remained the largest sales market for the global steel company ArcelorMittal, although sales in this area decreased by 5% year-on-year to $8.44 billion. This is stated in the financial report…
UK Steel offers affordable electricity solutions for steelmakers
British steelmakers are calling on the government to help the industry with electricity prices. This is stated in the report of the industry association UK Steel.Global ferroalloy prices decline in first half of March
In the first half of March, spot prices for ferrosilicon (75%) in China fell by $7/t to $870/t EXW, according to BigMint. Market sentiment remained cautious as participants worried about potential uncertainty. Futures prices on…
Germany reduced scrap exports to a record low in 2024
In 2024, Germany reduced exports of ferrous scrap by 11% compared to 2023, to 7.1 million tons. This is the lowest figure since the beginning of data collection (2006). This is evidenced by data from…ArcelorMittal Europe increased steel production by 8.3% y/y in 2024
The European division of global steelmaker ArcelorMittal increased steel production by 8.3% in 2024 compared to 2023, to 31.2 million tons. This is stated in the company’s financial report.
Turkish scrap prices return to growth
HMS 1&2 (80:20) scrap price offers at the end of last week rose by 2.7% compared to the beginning of March, to $375/t, CNF Iskenderun, according to MetalPlace. The growth resumed after a pause in…Global prices for rebar fell in early March
The dynamics of rebar sales by traders in the first ten days of March was determined by both seasonal and systemic factors. Manufacturers in most regions of the world had to respond by adjusting prices,…
US aluminium, steel prices hover near peaks as tariffs kick in
The cost of aluminium and steel in the United States hovered near recent peaks on Wednesday after U.S. tariffs of 25% took effect and sparked retaliation from Canada and Europe.Algoma Steel pauses exports of steel from Canada to US, CEO says
Algoma Steel (ASTL.TO), opens new tab has paused exports of steel from Canada to the United States until Thursday, when Canadian ministers are expected to meet their U.S. counterparts in Washington, CEO Michael Garcia said.Protective measures boost HRC prices worldwide
Hot rolled coil prices in the Northern European region increased by €4.55/t in the first week of March, according to Eurometal. Compared to the same period in February, the increase was €32.2/t. Official offers from…Baosteel maintains current flat steel prices for April sales
Leading Chinese steelmaker Baosteel will not raise prices for flat products for April domestic sales. The decision applies to all types of these products, including hot-rolled and cold-rolled coils, Kallanish reports.