Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Turkey increased steel exports by 12.1% y/y in January-September
In January-September 2025, Turkey increased its exports of steel products by 12.1% year-on-year to 11.4 million tons. In value terms, it grew by 3.8% year-on-year to $7.7 billion over nine months, according to the Turkish…
China to continue rare earths flow: Trump
US President Donald Trump claims to have ended the “rare earths roadblock” after meeting with his Chinese counterpart Xi Jinping, in Busan, South Korea, Kallanish reports.
China's rebar output rises 3% WoW
The total production of rebars by the 137 Chinese steel mills that Mysteel regularly monitors increased for a second consecutive week over October 23-29 to reach 2.13 million tonnes, up by 2.7% or 55,200 tonnes…
US, Japan sign rare earths deal
The two countries said they “intend to support the supply of raw and processed critical minerals and rare earths” through economic policy tools and coordinated investment, mobilising private and public funding via grants, guarantees, loans,…China, ASEAN billet prices locked in tug-of-war
In China, prevailing offers of 3sp 150mm billet from eastern Chinese mills stood at around $435/t fob last Friday, up by $4/t week-on-week when the most traded January 2026 rebar contract on the Shanghai Futures…
Chinese steelmakers face new pressure amid rising raw material costs
Overall industry profitability improved in July-September. However, analysts warn that the recovery may stall due to the impact on raw material price margins. Iron ore futures in Singapore have risen for the fourth consecutive month,…
US signs deals with Southeast Asian countries
US President Donald Trump has signed a series of deals with Cambodia, Malaysia, Thailand, and Vietnam, Kallanish understands. The news comes as the US seeks to secure critical mineral sources independent of China, while Washington…Chinalco orders highly advanced aluminum hot rolling mill from SMS group
Chinalco Southwest Aluminum Co., Ltd. (SWA), headquartered in Chongqing Xipeng, China, and SMS group have signed a contract for the supply of a new 1+4 aluminum hot-strip mill.
Italian rebar makers lift prices
Italian rebar producers are targeting a €40/tonne ($46/t) increase for November contracts, citing unsustainable current price levels and the need to restore margins.Goldman Sachs raises iron ore price forecast for 2026 to $93/t
Goldman Sachs has raised its iron ore price forecast for 2026 to $93/t (previously $88/t), according to Bloomberg.The global rebar market remains under pressure from weak demand in the fall
In October 2025, the global rebar market is showing contradictory dynamics. Despite mostly stable commodity prices, weak demand and uneven activity in the construction sector remain the main constraints.Mining giant Grupo Mexico's Q3 profit up over 50%
Mining and transportation conglomerate Grupo Mexico reported third-quarter net profit that climbed more than 50%, boosted by higher sales volumes of molybdenum, silver and zinc.Thyssenkrupp steel boss to leave, sources say
The head of Thyssenkrupp's steel business, Dennis Grimm, has decided to leave the division, two people familiar with the matter said on Tuesday, robbing the unit of its leader as talks over a sale to…
Nucor raises prices for hot rolled coils to $885/t
The company's third-quarter profit exceeded expectations, in particular due to higher product pricesNew tariffs and CBAM will push up steel prices in the EU and the UK – forecast
Steel prices in the EU and the UK will rise after new tariffs and the Cross-Border Carbon Adjustment Mechanism (CBAM) come into force. This is the forecast of British steel supplier All Steels.Jan-Sept crude steel output in China's key steel hubs falls YoY
Crude steel production among China's top ten steelmaking provinces and autonomous regions slid by 3.27% on year to total 534.15 million tonnes during this year's January-September period, according to the latest data released by the…
Global hot-rolled coil market seeks balance between growth in Europe and decline in China
The EU is supporting prices through trade protection, while China is facing a decline in demand and export pressure
China’s EV battery recycling market to exceed $14 billion
China’s State Administration for Market Regulation (SAMR) expects the domestic power battery recycling market to exceed CNY 100 billion ($14.04 billion) in 2030, Kallanish learns.Canada to exempt some steel and aluminum from the US and China from tariffs
Canada has proposed removing tariffs on certain steel and aluminum products imported from the US and China, Reuters reports, citing a government document published late last week.