Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Indian steel mills face margin squeeze as global coking coal prices rise
Indian steel mills are facing mounting ?pressure on margins as higher coking coal prices, driven by supply disruptions in Australia and China and ?the Iran war, raise steelmaking costs, executives and analysts said.
China's construction steel demand to recover slightly in August
China's demand for construction steel is expected to see a slight recovery in August, according to the findings of Mysteel's latest monthly survey. Respondents suggested the high temperatures some regions are experiencing may ease later…
China Iron and Steel Association Members' daily crude steel output recovers in early August
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) rebounded moderately during August 1-10, with the tonnage rising by 5.8% or 109,000 tonnes/day from last eleven days of…How will China's steel structure demand evolve in 2026?
China's steel structure industry is expected to see stable demand growth in 2026. However, demand is likely to shift away from traditional building construction towards new energy, advanced manufacturing, and infrastructure.
China state iron ore buyer has supply deal with Anglo American, sources say
China's state iron ore buyer reached an agreement with Anglo American in April over an annual supply contract for the ?key steelmaking ingredient, three sources with knowledge of the ?matter said on Friday.
Chinese steelmakers urged to step up raw materials security efforts
Chinese steel mills need to adopt more systematic measures to secure their raw materials supplies, given the sector's persistently heavy reliance on resources from overseas markets, according to a recent report by China Metallurgical News…
Thyssenkrupp nears deal to ensure aid for €3 billion green steel site
Thyssenkrupp is nearing a deal with Brussels to ensure its €3 billion ($3.5 billion) green steel site in Germany can go ahead despite changed conditions, its finance chief said on Thursday, easing uncertainty over the…
Nippon Steel has commissioned a new hot-rolling line at its plant in Nagoya
The investment totalled around 300 billion yen ($1.8 billion). Commercial production is set to begin as early as August this year. This marks Nippon Steel’s first complete replacement of a hot rolling mill in 42…
Thyssenkrupp raises its profit forecast for the 2025/2026 financial year
The German conglomerate Thyssenkrupp AG has raised the lower limit of its annual profit forecast. This is stated in the company’s report.Nucor has once again raised HRC price by $5/t
The US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $5 per short tonne compared with the previous week. This is stated in a letter from the company…Baosteel is raising its prices for flat steel products for September sales
China’s Baoshan Iron & Steel (Baosteel) has raised its prices for hot-rolled coils (HRC) and hot-dip galvanised steel (HDGI) for September sales on the domestic market, according to BigMint.
Scrap prices on regional markets fell by $10–30 per tonne in July
The fall in prices on the global scrap metal market, which began in June, continued in July. Depending on the region, the decline ranged from 2.5–8%, or $10–30 per tonne. The sharpest fall was recorded…The US plans to extend Section 232 tariffs to additional derivative products
The US Department of Commerce has launched a public consultation process regarding the extension of Section 232 tariffs to 14 additional derived products, in particular those containing steel. This is stated in a notice published…China’s steel exports fell by 4.4% y/y in January–July
Imports of steel products into China in January–July totalled 3.14 million tonnes (-10.1% year-on-year). In July alone, they amounted to 445,000 tonnes, which was 0.9% higher than the previous month but 1.5% lower year-on-year.Malaysia mulls reinstating anti-dumping duties on coated steel coils from China, Vietnam
The government has initiated a review on whether to reimpose anti-dumping duties on imports of pre-painted, painted or colour-coated steel coils from China and Vietnam, following its expiry last month.Chinese mills' steel stocks rise again
Inventories of the five major carbon steel products held by the Chinese steel mills Mysteel regularly surveys swelled again during the period of July 31-August 6, with the total volume mounting by 2.1% on week…Formosa has reduced HRC prices for September sales
Vietnamese steel producer Formosa (FHS) has cut its prices for hot-rolled coils (HRC) by approximately $8/t for September deliveries, according to BigMint.Malaysia is preparing its steel industry for the impact of the European CBAM
According to estimates by the Malaysian Steel Institute (MSI), the cost of compliance for the sector in 2026 will amount to 970.7 million ringgit (around $237.3 million) and is set to rise in subsequent years.Ansteel raises its HRC list prices for August sales by $7/t
Angang Steel Co (Ansteel), the Shenzhen-listed arm of China's second-largest steelmaker Ansteel Iron & Steel Group, has decided to mark up the list prices of its carbon steel hot-rolled coils (HRC) by Yuan 50/tonne ($7.4/t)…