Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
EU unveils new steel import quotas to protect its industry from overcapacity
The European Commission unveiled quotas under the new system to limit duty-free steel ?imports into the EU, in a move designed to protect the bloc's ?steel sector and increase its capacity utilisation.
China's rebar output pulls back on week
China's rebar production witnessed a mild retreat this week, with the combined output of the 137 Chinese steel mills Mysteel regularly checks declining by 1.9% or 54,800 tonnes on week to 2.13 million tonnes over…
Members' daily crude steel output rises further in mid-June
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) rose during June 11-20, with the tonnage edging up by 0.8% or 17,000 tonnes/day from early June to average…
UK raises planned steel import limits to soothe businesses' cost concerns
Britain on Thursday ?said it would allow more tariff-free imports of steel than previously planned when it introduces new measures to protect its domestic industry next month, after businesses said initial government proposals were too…
Global pig iron production fell by 2.8% y/y in January–May
Global pig iron production for the period January–May 2026 fell by 2.8% compared with the same period in 2025, to 569.15 million tonnes. This is according to data from the World Steel Association (WorldSteel), as…Green steel startup Stegra says $1.6 billion funding complete
Swedish startup Stegra, which is building Europe's first hydrogen-fuelled ?steel plant, said on Wednesday its €1.4 billion ($1.6 billion) financing ?round led by a Wallenberg Investments consortium had been completed.Nucor has increased the price of hot-rolled coils by $5/t
US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $5 per short tonne compared with the previous week.India will monitor Chinese steel imports before deciding on further curbs, source says
India will monitor steel imports for at least ?two more months before considering whether further measures are needed to curb the flow of shipments primarily from China, a source with direct knowledge of the matter…
Global scrap prices are falling in June
Since the beginning of June, the global scrap market has seen a 1–4 per cent decline in supply, depending on the region. The sharpest fall was recorded in Turkey – at 4 per cent –…China's retail steel stocks hold largely steady on week
Retail stocks of the five major carbon steel items stockpiled in the commercial warehouses across China that Mysteel regularly monitors eased for the fourteenth consecutive week over June 12-18, but the decline had almost flattened…The steel industry is concerned about the slow progress of green steel projects
The steel industry is concerned about the slow progress being made in the field of ‘green’ steel. This was discussed at the annual meeting of steel associations in Singapore, according to Reuters.US steelmakers are calling for clearer smelting and casting rules under the USMCA
Amid negotiations to revise the USMCA, the US steel sector is calling for stricter smelting and casting rules that would more clearly define North American-produced steel. Kevin Dempsey, president of the American Iron and Steel…Italy increased steel production by 4.9% m/m in May
Italian steelworks increased steel production by 4.9% in May 2026 compared with the previous month, reaching 2.02 million tonnes. Compared with the same month in 2025, the figure rose by 3.2%. This is according to…Nippon Steel forecasts steady growth in the US market
Nippon Steel, the world’s third-largest steel producer, expects the US market to continue growing steadily thanks to import tariffs and robust demand. This could boost the profits of its subsidiary, US Steel, beyond current forecasts.…Tangshan billet prices rise slightly on week
Billet prices in Tangshan in North China's Hebei province witnessed a mild gain during June 8-14, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 3,040/tonne ($450/t) EXW including…China's HRC output rebounds slightly, traders' stocks mount
Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged up by a small 1.5% on week to 3 million tonnes during June 4-10, the results of Mysteel's latest survey showed.Japanese steelmakers are raising prices for rolled steel for July sales
Tokyo Steel, a leading Japanese electric arc furnace steel producer, has raised its prices for hot-rolled coil (HRC) for July sales by 2,000 yen per tonne ($12/t) compared with the previous month.
Iron ore miners highlight India, ASEAN as they look for growth after China
Australia's iron ore miners emphasised on Tuesday how growing steel demand in India and Southeast Asia would help offset the ?stagnating market in top customer China, where they also face ?pressure from the state-owned buyer…Prices for hot-rolled coils in Europe fell by 2-4% m/m in May
Global prices for hot-rolled coils showed mixed trends in May. In the European market, average monthly offers fell by 2–4%, whilst in China and the US there was a slight increase of 3–4%.