Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Demand for steel in India will grow by 8% in FY2025/2026 – ICRA
Demand for steel in India in fiscal year 2025/2026 (ending March 31, 2026) will grow by approximately 8% (11-12 million tons) due to stable consumption from the infrastructure and construction sectors. This forecast was given…
Canada imposes temporary anti-dumping duties on imports of OCTG pipes
The Canada Border Services Agency (CBSA) has issued a preliminary ruling imposing temporary anti-dumping duties on certain oil country tubular goods (OCTG) imported from Mexico, the Philippines, Turkey, South Korea, and the United States.
Nucor raised prices for hot-rolled coil by $75/t in November-December
American steel company Nucor has notified its customers of another increase in the weekly spot price (CSP) for hot-rolled coil (HRC). For the current week (December 22-28), offers rose by $10/t or 1.1% compared to…
Global steel production fell by 4.6% y/y in November
Steel production in 70 manufacturing countries amounted to 140.1 million tonnes per monthChinese mills' steel stocks edge down
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey edged down during December 12-18 after the accumulation over the prior week, with the total volume…Iron ore exports from India rose by 27% m/m in November
Exports of iron ore and pellets from India rose sharply in November, increasing by 27.2% compared to October, to 2.76 million tons. In the structure of supplies, 2.51 million tons fell on iron ore (+28.1%…Italy reduced steel production by 11.8% m/m in November
In November 2025, Italian steel companies reduced steel production by 2.8% compared to November 2024, to 1.75 million tons. Compared to the previous year, the figure fell by 11.8%. This is evidenced by data from…China Steel Corp raises prices as market shows signs of recovery
China Steel Corp, the nation’s biggest steelmaker, yesterday raised prices for some products for domestic delivery next month and next quarter as the global steel market is showing signs of a recovery.ArcelorMittal raises prices for hot-rolled coil in the EU for March by €20/t
Global steel producer ArcelorMittal has announced a €20/t increase in hot-rolled coil (HRC) prices in Europe for March deliveries. The new offers are €670/t Delivery Basis, while for January-February deliveries, the price announced back in…Russian billet prices face downside pressure
Russian billet offers remain largely stable but face mounting downward pressure as demand is weak amid the prospect of easing scrap prices, market participants tell Kallanish.Nucor raised prices for hot-rolled coil for the eighth consecutive week
American steel company Nucor has notified customers of another increase in the weekly spot price (CSP) for hot-rolled coil (HRC). For the current week (December 15-21), offers rose by $10/t or 1.1% compared to the…Finished Steel Import Market Share Estimated at 15 Percent in October
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 October totaled 1,591,000…
Global scrap prices remain high
At the end of the year, the global scrap metal market is shaped by seasonal supply reductions, mixed trends in the steel sector, and cautious purchasing policies among steelmakers, resulting in uneven price dynamics across…Nippon Steel aims for 100 million tons annual global crude steel capacity by mid-2030s
Nippon Steel , Japan's biggest steelmaker, expects its annual global crude steel production capacity to rise to at least 100 million metric tons by mid-2030s from 82 million now, as it plans investment-driven expansion in…
Steel Imports Down 16.7% In September vs. August
Based on final Census Bureau data, the American Iron and Steel Institute (AISI) reported today that the U.S. imported a total of 1,560,000 net tons (NT) of steel in September 2025, including 1,184,000 net tons…China's HRC price to stay rangebound in December
Hot-rolled coil (HRC) prices in China are projected to fluctuate within a certain range this month, with upside potential in the shape of central government macro-economic meetings later this month buffering against the protracted weakness…Baosteel raises prices for hot-rolled coil for January sales
Baoshan Iron & Steel (Baosteel), a subsidiary of China Baowu Steel Group, is raising its list prices for hot-rolled carbon steel coil (HRC) for domestic sales in January 2026 by 100 yuan per ton ($14/t).…China's steel exports climb 6.7% in Jan-Nov
China's finished steel exports rose 6.7% on year to 107.72 million tonnes during the first 11 months of 2025, according to the latest data released by the General Administration of Customs (GACC) on December 8.Hyundai Steel to invest in premium scrap capacity
South Korea's Hyundai Steel has announced a KRW 170 billion ($116 million) investment programme to secure high-grade steel scrap and expand low-carbon emission raw material capabilities by 2032, as electric arc furnace (EAF) production gains…