Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Germany imported 510 thousand tons of steel from third countries in January-August
In January-August 2024, Germany reduced imports of rolled steel products from third countries by 5.4% compared to the same period in 2023, to 509.68 thousand tons. This is evidenced by GMK Center’s calculations based on…
Iron ore price rises for 4 consecutive days, maintaining above $103 level
The price of 62% Fe grade iron ore fines from Australia to China slightly increased by US$0.2 on October 29, reaching US$103.35. The price has risen for four trading days in a row and hit…
South America's steel industry should focus on competitiveness and sustainability
The Latin American Steel Association (Alacero) said that South American steel companies should focus on enhancing competitiveness and sustainability within the steel industry to increase product value.
2024 EU steel consumption forecast slashed to -1.8% by EUROFER
The European Steel Association (EUROFER) has revised its projections for apparent steel consumption in the EU, now expecting a decline of 1.8% in 2024, down from a previous forecast of a 1.4% increase.Iron ore prices have fallen by 8-10% since the beginning of October
Quotations of raw materials adjusted to the level of August after a fall in September and a sharp rise in early October
Nucor raises HRC prices by $20/t
American steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $20 per tonne compared to the previous week, up to $740 per short tonne. This is evidenced by…US Steel raises flat steel prices by $30/t
As of October 25, the prices of hot-rolled flat products in the USA were at the level of $690-700 per short ton, and cold-rolled – $960-1000/tChina's rebar output touches intra-year high
After rising steadily since late August, rebar production among the 137 Chinese steel mills nationwide tracked by Mysteel hit the highest for the year during the week of October 17-23 at 2.51 million tonnes, up…India's JSW Infra reports highest-ever quarterly profit on strong cargo growth
Indian JSW Infrastructure (JSWN.NS), opens new tab on Monday reported its highest-ever quarterly profit since going public in October 2023, boosted by higher cargo volumes.China's steel demand will likely flatten in 2025, says industry official
Steel demand in China, the world's largest producer and consumer, will likely flatten or dip slightly in 2025, industrial officials said, warning mounting risks facing steel exports due to growing trade frictions.Spain increased steel production by 16.5% m/m in September
In September 2024, Spanish steel companies increased steel production by 16.5% compared to the previous month, to 990 thousand tons. Thus, the country ranked 16th in the global ranking of steel producing countries (71) by…
Turkish scrap seeks direction amid lacking import deals
Most Turkish mills' domestic scrap buying prices have remained unchanged from last week, while import prices softened amid weak buying interest.Biden administration approves ioneer's Nevada lithium mine
The U.S. Interior Department on Thursday gave final approval to ioneer's (INR.AX) Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by President Joe Biden's administration and…Turkey increased steel production by 6.5% y/y in September
In September 2024, steel enterprises in Turkey increased steel production by 6.5% compared to the same period in 2023, to 3.09 million tons. The figure decreased by 1.7% compared to the previous month. This is…Global steel output fell by 4.7% y/y in September
Steel production in the 71st country for the month amounted to 143.6 million tonsArcelorMittal stops production of long products in Asturias
Lack of orders and high energy costs led to the shutdown of some facilities in northern SpainGerman producer prices fall more than expected in September
German producer prices fell more than expected in September, declining 1.4% year on year, due mainly to significantly lower energy prices, the federal statistics office said on Monday.Elevated China steel exports set to persist, threaten to worsen trade friction
Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions.
Elevated China steel exports set to persist, threaten to worsen trade friction
Chinese steelmakers, already exporting at near-decade high volumes, are set to keep pushing out shipments in 2025 to manage overcapacity and soft domestic demand, industry insiders and analysts say, threatening to worsen mounting trade frictions.