Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
United States June 2024 Steel Shipments Down 3.8 Percent From Prior Month
Down 3.9 Percent YTD in 2024 from Same Period in 2023. he American Iron and Steel Institute (AISI) reported today that for the month of June 2024, U.S. steel mills shipped 7,152,135 net tons, a…
United States Finished Steel Import Market Share Estimated at 22 Percent in July
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of July totaled 2,289,000…Chinese steelmakers reduce September prices for flat rolled products
China’s largest flat producers (Baosteel, Angang and Bengang) have reduced flat offer levels for September sales, which are expected to be challenging.Indian steelmakers' body seeks export tariff on low-grade iron ore, pellets
India's leading steelmakers' body wants the government to impose an export tax on low-grade iron ore and pellets to address local shortages, according to a letter by the Indian Steel Association (ISA), which was seen…
Iron ore outlook dims as China inventories, steel output fade
The price of iron ore has dropped for a sixth consecutive week as China's steel sector continues to struggle and port inventories of the raw material stop rising.
Turkey imposes provisional anti-dumping duties on HRC from 4 countries
The restrictions will apply to hot-rolled products produced in China, India, Japan and the Russian FederationCanadian steelmakers demand urgent action against Chinese dumping
Canadian steel and aluminum producers point out that the United States and Mexico have already taken appropriate measuresPrices for flat products in the US rise for the first time since April
HRC prices are currently in the range of $640-670 per short tonIndian steel prices hit more than three-year lows, consultant BigMint says
Steel prices in India have plunged to the lowest level in more than three years due to higher imports and subdued exports, according to data from commodities consultancy BigMint.
Nucor raises HRC prices for the second week in a row
US steelmaker Nucor has announced an increase in the weekly spot price for hot-rolled coils by $15 per tonne compared to the previous week, up to $690 per short tonne.Iron ore prices recover from late July downturn
During the past week, raw material quotations increased by 2-3%. September futures for iron ore, the most traded on the Dalian Commodity Exchange, for the period July 26 – August 2, 2024 increased by 2.6%…
Pig iron prices in Black Sea ports fell by 3.7% in July
Pig iron prices in Black Sea ports for the period from July 5 to August 2, 2024, decreased by 3.7% – to $395-405/t FOB. In July, raw material prices were mostly stable, and the main…Drop in prices for hot-rolled coils continued in July
World prices for hot-rolled coil (HRC) continued to decline in most major markets during July. In Europe, the situation was mostly stable, with slight fluctuations, and in the US and China there was a decline…Japan's Nippon Steel raises full-year profit forecast, confident on U.S. Steel deal
Japan's biggest steelmaker Nippon Steel (5401.T), opens new tab on Thursday raised its full-year profit forecast amid improving margins in the steel business, and reiterated its confidence in closing its proposed acquisition of U.S. Steel…India's steel ministry seeks probe into cheaper imports, government source says
India's federal Ministry of Steel has asked the trade ministry to investigate cheaper steel imports from China and Vietnam, a government source directly aware of the matter told Reuters on Wednesday, as New Delhi grapples…The EU faces a shortage of 16 million tonnes of steel per year
Last week, EUROFER published its Economic and Steel Market Outlook for 2024/2025 (Q2 Report). If you read it without reflection, you might think that the EU steel industry is still struggling.Chinese stainless steel spot market prices up
Spot market prices for Chinese stainless steel, especially for hot-rolled coil, rose on Monday. But stainless steel scrap is also showing rising prices. Asian stock exchanges, above all the Japanese Nikkei 225, are jumping upwards.…Iron ore prices fell by 6-7% during July
Quotations of iron ore on the Singapore and Dalian stock exchanges during the period fell to the lowest level since April
Small growth in world crude steel output
World crude steel production in June 2024 was 161.4 million tonnes (Mt) in June, a 0.5% increase compared to June 2023.