Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
BHP-Anglo American deal raises alarm in Japan's steel industry
Japanese steelmakers have raised concerns with Australian authorities that BHP Group (BHP.AX), opens new tab could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo…
Majestic Steel Unveils Cutting-Edge Service Hub, Redefining Steel Distribution in America’s Industrial Heartland
Majestic Steel USA announces the grand opening of its cutting-edge Arkansas service center and mass distribution facility. Located in the largest steel-producing region in the U.S., the facility is designed to revolutionize steel processing and…Bill Gates-backed startup opens its first innovative steel production plant
Bill Gates-backed startup opens its first innovative steel production plant: 'A significant step towards a cleaner, more sustainable, and circular steel industry'. This new approach aims to address the massive environmental impact of traditional steel…
Ferrous scrap prices remain robust
Ferrous scrap prices in the EU remain very robust. Stainless steel scrap continues its upward trend. And anti-circumvention results for cold rolled stainless steel bring significantly more transparency to the supply chain.
US March Steel Shipments Up 3.4 Percent From Prior Month
The American Iron and Steel Institute (AISI) reported today that for the month of March 2024, U.S. steel mills shipped 7,338,349 net tons, a 5.7 percent decrease from the 7,779,430 net tons shipped in March…
EU clears $14.9 bln purchase of U.S. Steel by Japan's Nippon
The European Union cleared U.S. Steel's (X.N), opens new tab $14.9 billion buyout by Japan's Nippon Steel (5401.T), opens new tab on Monday, allaying competition concerns from a deal that has drawn political opposition in…Germany imported 155 thousand tons of steel from third countries in January-February
In January-February 2024, Germany increased its imports of rolled steel products from third countries by 1% compared to the same period in 2023, to 154.98 thousand tons. This is based on GMK Center’s calculations based…
Nucor Steel Berkeley breaks ground on $425 million expansion project
Nucor Steel Berkeley broke ground on the construction of a new galvanizing line on Thursday, May 2.US stainless steel prices continue to rise in May 2024
US stainless steel prices continue to rise in May. FED maintains interest rate level. Asian stock markets are friendly. And will thyssenkrupp sell up to 50% to Czech investor?India's Jindal Stainless to invest $647 mln for acquisitions, increasing capacity
India's Jindal Stainless (JIST.NS), opens new tab said on Wednesday it is investing nearly 54 billion rupees ($646.6 million) for acquisitions and capacity expansion.Iron ore price to exceed $100/t in 2024 – HSBC
The price of iron ore will exceed $100 per ton on average this year. This is the forecast of the British international commercial bank HSBC Holdings, Bloomberg reports.Cleveland-Cliffs initiates monthly announcement of spot prices for hot-rolled steel
The price will be published together with the monthly opening of the order bookEU industry group downgrades steel demand forecast for 2024 again
A European Union industry group on Monday downgraded its 2024 steel demand outlook for the second time in a matter of months, projecting growth of 3.2%, due to geopolitical tensions, economic uncertainty and high interest…
Iron ore price set for 3rd weekly rise on China demand
Iron ore futures were poised for a third straight weekly rise as prices largely consolidated gains on Friday, with improving demand in top consumer China countering higher portside inventories.
Stainless steel prices in Asia robust and rising
Stainless steel prices in Asia are robust and rising due to a significant market recovery. Supply situation in some markets remains tense. And the reporting season starts in Asia. Significant earnings growth expected for IT,…March 2024 crude steel production
World crude steel production for the 71 countries reporting to the World Steel Association (worldsteel) was 161.2 million tonnes (Mt) in March 2024, a 4.3% decrease compared to March 2023.US increased rolled steel imports by 14.7% m/m in March
In March 2024, US steelmakers increased imports of rolled steel products by 14.7% compared to February this year, to 2 million tons. This is evidenced by data from the American Iron and Steel Institute (AISI).United Steel Supply opening facility at Ports of Indiana-Jeffersonville, investing up to $10 million
One of the largest steel processors and distributors in the U.S. will be opening a 100,000-square-foot facility at the Ports of Indiana-Jeffersonville site.China’s strong iron ore imports diverge from weak steel output
China’s first quarter imports of iron ore and its domestic production of the steel raw material both rose strongly, but output of crude steel fell.