Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Nucor raises prices for hot-rolled steel for the fourth week in a row
American steel company Nucor continues its cycle of hot-rolled coil (HRC) price increases, gradually raising weekly spot prices for consumers (CSP) for the fourth week in a row. For the week of November 17-23, CSP…
Chinese, ASEAN billet prices inch up
In China, offers for 3sp 150mm billet rose by $3/tonne week-on-week on Friday amid rebounding futures prices and an appreciation in the Chinese yuan to US dollar.
China's daily crude steel output recovers in early-Nov
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) averaged 1.93 million tonnes/day during November 1-10, rebounding significantly by 6% or by a 109,000 t/d after the deep…Russian steelmakers discuss tax on imported steel: reports
Russian steelmakers are discussing approaching authorities with a proposal to introduce an excise tax on steel imported into Russia, including rolled steel products.
Global scrap prices are moving in different directions at the end of the year
The global scrap market showed mixed trends in October-November. Some regions faced declining demand and oversupplied inventories, while others were supported by exports and seasonal supply reductions. Turkey and the US showed moderate recovery, the…China's retail steel stocks drop for four weeks
Total stocks of five major carbon steel products - rebar, wire rod, hot-rolled coil (HRC), cold-rolled coil (CRC) and medium plate - piled at commercial warehouses in 132 Chinese cities declined further over November 7-13,…
NLMK USA raises prices for hot-rolled and cold-rolled steel by $50/t
NLMK USA has announced another increase in base prices for hot-rolled (HRC) and cold-rolled (CRC) steel by $50 per short ton. In a statement to customers, the company said that the new prices take effect…Exporters plan to raise prices by $2–3 on the Black Sea market for billets
The global square billet market saw mixed trends in October. Negative sentiment prevailed during the first half of the month due to the weak market in China, although the situation in Turkey improved.JSW Steel USA raises prices for thick-gauge rolled steel by at least $40
The American division of global steel producer JSW Steel has announced a price increase of at least $40 per short ton for thick-gauge rolled steel. According to a letter to customers, the new prices took…Rise in China's stainless output extends to October
The latest Mysteel data indicate that China's crude stainless steel output rose again in October, with production buoyed by strong operations and lower cost pressures on mills and marking a third straight month of growth.
Iron ore prices have fallen by 4.4% since the beginning of November
Iron ore prices have fallen sharply since early November 2025. January futures on the Dalian Commodity Exchange for the period October 31–November 10 fell by 4.4% to 765 yuan per ton ($107.4/t), while December contracts…
Prices for Brazilian pig iron fell by $10/t in October
Average export prices for Brazilian pig iron fell to $385/t in the first half of October, compared to $395/t at the end of September. According to Kallanish, prices fell by $10–15 per tonne because producers…Steel market disappointed by delay in setting CBAM benchmarks
The European steel market is expressing disappointment at the late determination of CBAM benchmarks, which are key to calculating the specific costs of embedded emissions for steel imports in 2026. This is stated in an…The US has added coking coal to its list of critical minerals
The Trump administration on Thursday added 10 minerals to a list it deems essential for the U.S. economy and national security, including copper, vital to electric vehicles, power grids, and data centers, and metallurgical coal,…ArcelorMittal ready to capture EU market share from lower steel imports, CFO says
ArcelorMittal will be able to capture part of the market vacuum resulting from lower imports once the EU's proposed steel quotas kick in, Chief Financial Officer Genuino Christino said on Thursday.
European Steel market disappointed by delay in setting CBAM benchmarks
The European steel market is expressing disappointment at the late determination of CBAM benchmarks, which are key to calculating the specific costs of embedded emissions for steel imports in 2026. This is stated in an…China's steel industry profits jump 190% YoY in Jan-Sept
Member mills of the China Iron and Steel Association (CISA) reported that their total profits for the first three quarters of this year reached Yuan 96 billion ($13.5 billion), representing a substantial 190% improvement compared…ArcelorMittal Belgium not ready for green steel investment due to weak market, CEO says
ArcelorMittal Belgium is not yet ready to carry out what would be the largest climate investment ever in the country, CEO Frederik Van De Velde said on Tuesday during a hearing in the federal parliament.…China's steel market seen recovering in November
Chinese steel prices are expected to continue the rebound that began in late October and trend upward overall in November, supported by the brighter market sentiment, Mysteel's chief analyst Wang Jianhua projects in his latest…