Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Tata Steel workers in UK suspend strike action
Tata Steel workers in Britain have suspended a planned all-out strike and overtime ban after the company agreed to negotiations about future investment, the Unite trade union said on Monday.
Iron ore prices fell by $7-10/t in June
The negative dynamics are related to the weakening of the demand for steel and the increase in port stocks of ore in China
Italian rebar producers plan to raise prices up to €400/t
Italian rebar producers are trying to bring domestic benchmark prices for their products up to €400/t Ex-Works. This is the second time in the last month that the plants have resorted to raising prices. In…Nucor cuts weekly HC coil prices to lowest since April
American steelmaker Nucor has announced a $35/t decrease in weekly hot rolled coil (HRC) prices – to $680 per short ton. This is reported by BigMint with reference to the company’s data.JSW Steel USA to invest $110 million to upgrade manufacturing operations in Texas
The upgraded facility will align with Buy America's requirements, providing specialised steel products for hydrocarbon pipelines, offshore wind towers, high-density pressure vessels, and other sophisticated applications.Worldsteel figures show China ramping up furnaces again
China, India and Turkey all contribute to May 2024 global steel output that surpasses production from one year ago.Metal prices set to remain high in 2024-25
The World Bank’s metals and minerals price index rose 9 percent in April 2024 (m/m), following a relatively stable first quarter. Recent price increases reflected positive sentiment about stronger demand amid concerns of supply disruptions…
Germany reduced steel production by 1.9% y/y in May
Pig iron production fell by 3.3% y/y, and rolled steel – by 3.4% y/ySteel Prices Decrease, Surge of Vietnamese Steel Imports Fuel Dumping Concerns
U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices fell…China's steel sector looks a little healthier, or does it?: Russell
It is a case of one step forward, two steps back for China's steel and iron ore sectors, with positive production data being countered by ongoing concerns over the struggling property sector.
Iron ore prices adjust after rising in May
Commodity prices remained high last month thanks to stronger steel demand and increased capacity utilization in ChinaChina's strong iron ore imports contrast with weak steel output
The strength in China's iron ore imports this year stands in stark contrast to the weakness in steel production and demand, setting up a dilemma as to how the contradiction will be resolved.
Prices on the European ferroalloy market remain in a wide range
Merafe will stop publishing quarterly reference prices for ferrochrome starting in JuneTokyo Steel introduces a low-carbon brand
Steelmaker is offering its new Ens? product line initially in hot-rolled coil and hot-rolled plate form.Nucor cuts weekly hot rolled coil prices by $60/t
The decline in prices is a consequence of the slowdown in demandGlobal coking coal prices rose in early June
The positive dynamics is due to increased demand and expectations of a decrease in supply in July-AugustSteel Price Update: Analyzing the Recent Nucor Price Decrease
Nucor, the largest steel producer in the United States, has been making waves in the steel industry with its recent pricing strategies.Liberty Steel’s $70 Million Hungarian EAF Project Raises Questions Amid Financial Strains
Steel manufacturing giant Liberty Steel recently signed a contract with Chinese engineering company CISDI, finalizing a feasibility study to build an electric arc furnace at the Dunaújváros plant in Hungary.ArcelorMittal announces price increases for long products across Europe
Global steelmaker ArcelorMittal announces an increase in prices for long products across Europe. The move is driven by high production costs and the need to restore margins, Kallanish reports, citing market sources.