Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Iron ore prices fell back below $100 per tonne at the end of September
Unlike at the start of the month, iron ore prices on the Chinese market fluctuated within a narrow range for the rest of September, falling below $100/t. Iron ore prices (KORE 62% Fe/Qingdao) stood at…India plans to increase the capacity of its steel industry to 600 million tonnes by 2047
The Indian Government has drawn up a new national strategy for the development of the steel industry, which envisages expanding the country’s production capacity to 600 million tonnes per year by 2047. The document is…
Nucor has once again raised the price of hot-rolled coils by $10/t
The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $10 per short tonne compared with the previous week. This is stated in the company’s letter to customers…
Nippon Steel is raising prices by $32 per tonne due to rising costs
The Japanese steelmaker Nippon Steel has announced a price increase of 5,000 yen per tonne ($32 per tonne) across its entire range of flat products, pipes and light sections for the domestic market. This was…
Tangshan billet prices remain stable amid mixed fundamentals
Billet prices in Tangshan, North China's Hebei province, remained largely stable during September 21-27, with Mysteel assessing the price of Q235 150mm square billet in the city at Yuan 3,000/tonne ($447/t) EXW and including the…Austria continues to increase steel production in August
Austria increased its crude steel production in August compared with the previous month, according to worldsteel data.
Malaysia reviews AD measures on cold-rolled steel imports from 3 nations
Malaysia currently imposes anti-dumping (AD) duties on cold-rolled steel products originating from China, South Korea, and Vietnam. The products concerned are flat-rolled products of alloy and non-alloy steel with a thickness of 0.20 mm to…
AISI: US raw steel production in week ending September 26 rises w-o-w, y-o-y
American Iron and Steel Institute (AISI) statistics indicated US domestic raw steel production totaled 1.845 million net tons for the week ending September 26, 2026, registering a capability utilization rate of 80.5%.EU steel exports fell by 20% y/y in 1H2026 – EUROFER
In the first half of this year, the European Union reduced its steel exports to third countries by 20% year-on-year. This is shown by the latest report from the European Steel Association (EUROFER), Economic and…Turkey Steel Exports Rise 3.1% as Imports Fall
Turkish steel exports for January–August rose by 3.1% in volume terms (to 10.3 million tonnes) and by 2.9% in value terms (to $7 billion). This was reported by SteelOrbis, citing data from the Turkish Steel…EUROFER has lowered its forecast for steel consumption in the EU for 2026
The European Steel Association (EUROFER) expects apparent steel consumption in the EU to rise by 0.1% year-on-year in 2026, to 135 million tonnes. This is according to the association’s latest report – Economic and Steel…Nucor-Yamato and Gerdau have raised their prices for beams in the US
Nucor-Yamato Steel (a division of Nucor Corporation and a joint venture with Yamato Kogyo) and Gerdau Long Steel North America have raised their prices for various types of beams and piles.The EU reduced steel imports by 5% y/y in 1H2026 — EUROFER
In the first half of 2026, the European Union saw a 5% year-on-year decline in steel imports. This is according to the latest report from the European Steel Association (EUROFER), Economic and Steel Market Outlook…
Average prices for Brazilian pig iron fell by $20/t in September
The price situation in regional pig iron markets in September showed mixed trends. In the Black Sea region, India and China, prices rose slightly, whilst pig iron prices in Brazil fell by $20/t to $445/t…Global excess steel production capacity is set to reach 721 million by 2027 — OECD
The global steel industry is currently facing two interlinked challenges: tackling the issue of excess production capacity and preparing for a low-emission future. This is set out in the report by the Organisation for Economic…The US saw a 3.4% m/m increase in steel imports in August
In August this year, the US saw its total steel imports rise by 3.4% compared with the previous month, reaching 2.34 million short tonnes. Compared with August 2026, the figure fell by 15.1%. This was…
Global prices for coking coal remain dependent on the situation in China
Global prices for coking coal at the end of September are showing volatility, but remain significantly higher than August levels. Spot prices for coking coal in China (EXW, Anze) on the same date reached $374.2/t,…Global steel production fell by 1.2% y/y in August
Global steel production in August 2026 fell by 1.2% year-on-year – to 144.2 million tonnes. This is shown by the World Steel Association’s global ranking of steel-producing countries (70).The global HRC market is showing mixed trends in September
In the US, there remains a shortage of spot supply, whilst in China there is no sustained support from the demand side