Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Baosteel maintains current flat steel prices for June sales
China’s leading steelmaker Baosteel has maintained current prices for flat products for sale on the domestic market in June.
Indian rebar prices fell by $8/t in early May
Offers for rebar in India fell from $689/t to $681/t EXW Mumbai for the period from May 2 to May 9, according to Kallanish. The market is adjusting after the government imposed a 12% tariff…Salzgitter's results hit by subdued economic environment in Europe, tariff threat looms
Salzgitter (SZGG.DE), opens new tab reported first-quarter results below analysts' expectations on Monday, as subdued economic developments in Europe, and especially Germany, weighed on its steel production and steel processing businesses.
Nippon Steel expects profit to drop 43% this year, US Steel decision by early June
Nippon Steel (5401.T), opens new tab expects net profit to slide 43% in the fiscal year ending March 2026, it said on Friday, citing a weak global steel market pressured by China's exports and the…
China's steel prices likely to soften in May
China's steel prices are expected to soften in May as the market enters its traditional seasonal demand lull, while escalating global trade uncertainties continue to cloud the outlook, according to a steel sector survey released…India's stainless steel body to file anti-dumping petition in few weeks, Jindal Stainless says
India's Jindal Stainless (JIST.NS), opens new tab said on Thursday a domestic trade body will soon seek anti-dumping duties on stainless steel imports from China and Vietnam, weeks after India levied a 12% temporary safeguard…
Global iron ore prices fell by $1.5/t in early May
Spot quotations of Fe 62 iron ore in China decreased from $98.94/t to $97.76/t CFR Qingdao from April 29 to May 5, according to Kallanish. An increase to the psychological level of $100/t in the…Indian prices for ferroalloys fell by $9/t in early May
Quotes for Indian ferromanganese (Mn 70) fell by $8/t from April 25 to May 5 to $863/t EXW Durgapur, according to BigMint. Offers for ferromanganese (Mn 75) decreased by $9/t to $865/t EXW.Hyundai Steel, Dongkuk Steel raise rebar prices
South Korea's two largest rebar producers, Hyundai Steel and Dongkuk Steel, have raised their May closing prices for rebar to KRW 780,000/tonne ($565/t), up KRW 30,000/t from the previous month.Nucor cuts prices for hot rolled coils by $20/t
American steel company Nucor has announced a reduction in the weekly spot price (CSP) for hot rolled coil (HRC). Offers for the week of May 5-11, 2025, dropped by 2.2% or $20/t to $910 per…Cleveland-Cliffs to shut down three steel mills indefinitely
US-based mining and steel company Cleveland-Cliffs Inc. will indefinitely decommission its three steel mills in Pennsylvania and Illinois, due to a downturn in market conditions, according to media reports.
India proposes zero-for-zero tariffs on steel, auto, and pharma imports from US
India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, reports said.US construction spending falls in March
The Commerce Department's Census Bureau said on Thursday that construction spending dropped 0.5% after a slightly downwardly revised 0.6% increase in February. Economists polled by Reuters had forecast construction spending gaining 0.2% after a previously…European slab prices declined in the second half of April
According to Eurometal, offers for steel slabs in the EU fell to $500/t CIF in the second half of April, compared to $520-540/t CIF in the first half of the month. Compared to March, prices…
Export collapse, tariffs weigh on US scrap prices
As May trading approaches, pressure on US domestic scrap prices continues to build, fuelled by peaked finished steel prices, the collapse of export markets in April, and seasonally increasing scrap inflows.European steelmakers flag trade and price risks despite quarterly earnings beats
Europe's top steelmakers showed more resilience than expected in their first-quarter earnings, but warned that global trade tensions, weak European prices and market volatility are clouding the outlook for the rest of the year.India's Jindal Steel posts surprise loss on weak steel prices, impairment charges
India's Jindal Steel and Power (JNSP.NS), opens new tab reported a surprise loss in the fourth quarter on Wednesday, due to one-off impairment charges related to its Australia and Madagascar assets, and weak steel prices.Indian prices for hot rolled coils increased in the second half of April
Offers from Indian hot-rolled coil producers increased by $10/t to $685/t FOB from April 18-25, according to Kallanish. According to traders, this is due to the introduction of a 12% safeguard duty on imports of…US prices for hot-rolled coils went down in late April
Offers from hot-rolled coil producers in the US dropped from $975/mt to $952/mt EXW from April 11-25, according to Kallanish. The previous values were peak due to the uncertainty that arose after the introduction of…