Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Strikes on Iranian key steel plants may reshape global steel trade flow
On March 27 local time, the United States and Israel carried out precision airstrikes on Iran’s two key steel producers – Isfahan’s Mobarakeh Steel Company (MSC) and Khuzestan Steel Company (KSC) – while also destroying…
China's HRC export prices rise higher, but freight rates hurt trades
Chinese export prices for commercial-grade hot-rolled coils (HRC) rose further during the week of March 23-27 to reach a 14-month high. However, overseas buying of Chinese coils was hampered by the spike in ocean freight…
Nucor has again raised the price of hot-rolled coil by $10 per ton
U.S. steel producer Nucor has again raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $10 per short ton compared to the previous week. This was announced in a letter from the company…India Steel Ministry eases import rules for select stainless-steel flat products
Steel ministry has eased import compliance for certain stainless-steel flat products, extending relief for three Indian StandardsNucor Bar Mill Group has raised prices for bar stock
The price increase for certain products is $40–60 per short tonIron ore prices rose by nearly 7% in March amid supply risks
The market was supported by weather and geopolitical factors, although high inventories at Chinese ports held back further growthPOSCO and Hyundai Steel will raise prices for hot-rolled steel for April sales
POSCO’s previous price hike took place in March, while Hyundai Steel implemented its increase in February–March. Both companies are likely to maintain an upward price trend in the first half of the year due to…
WEEKLY: China's retail steel stocks drop faster on week
Retail inventories of the five major carbon steel products in the warehouses across China regularly checked by Mysteel eased further and faster over March 20-26, according to Mysteel's latest weekly survey.CISA: Members' daily crude steel output remains steady in mid-March
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) stayed largely unchanged during March 11-20 to average 2.03 million tonnes/day, increasing by a tiny 0.8% from previous ten-day…China stainless giants hike FeCr bids in April
China's leading stainless steel producers Tsingshan Group and Taiyuan Iron and Steel Co. (TISCO) have lifted their high-carbon ferrochrome (HC FeCr) procurement prices for April, reflecting tightening market fundamentals and strong producer sentiment.WSA: Global crude steel output drops by 1.5% YoY in Jan-Feb
Crude steel production among the 69 countries worldwide surveyed by the World Steel Association (WSA) totaled 298.2 million tonnes during January and February this year, down 1.5% from the first two months of last year,…Prices on regional slab markets rose by $15–35 per ton in March
All regional slab markets saw price increases of $15–35 per ton in March. This was driven by rising demand in the U.S., Europe, and Southeast Asia, as well as a supply shortage linked to the…
Global scrap prices were mostly on the rise in mid-March
The Turkish market was under pressure from a supply shortage and rising freight rates due to the military conflict in the Middle EastNucor has raised the price of hot-rolled coil to $1,025 per ton
U.S. steel producer Nucor has again raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $10 per short ton compared to the previous week. This was announced in a letter the company sent…Germany increased steel production by 4.8% y/y in February
In February 2026, German steelmakers increased steel production by 4.8% y/y – to 2.83 million tons. Compared to the previous month, production fell by 8.1%. This is according to data from the German Steel Association…
Global pig iron prices rose by $5–20 per ton in the first half of March
As of March 20, average prices on regional pig iron markets have risen by $5–20/t. The rise in prices is partly due to limited supply caused by weather conditions in Brazil: FOB prices reached $450/t.…South Africa imposes steep tariffs on structural steel imports from China, Thailand
South Africa has imposed steep import duties on structural steel imports from China and Thailand after finding evidence of ?dumping, the country's trade watchdog has said.Tokyo Steel raises steel prices for april sales
Prices for hot-rolled coils (1.7–22 mm) are rising by 7,000 yen per ton ($44/t) compared to the previous month, and prices for rebar and sections are rising by 5,000 yen/t ($31/t) compared to the previous…UK to cut steel import quotas, raise tariffs to protect domestic industry
Britain will lower its tariff-free quota on imported steel and double the tariff on imports exceeding that quota, the government said on Thursday, launching a plan to protect its small but strategically and politically sensitive…