Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Steel shipments to the US rose by 4.8% m/m in June
In June 2026, US steelworks shipped 8.5 million short tonnes of steel. This is 4.8% higher than in May this year (8.14 million) and 8.7% higher than in June 2025 (7.85 million), according to a…
India's Odisha state warns iron ore miners, steelmakers over grade manipulation
India's top iron ore producing state of Odisha has ?warned steelmakers and miners of strict action over alleged grade manipulation and misdeclaration, according to documents ?reviewed by Reuters and three sources, a crackdown that analysts…ArcelorMittal is considering building a second electric arc furnace in Calvert
Global steel producer ArcelorMittal is considering the construction of a second electric arc furnace at its plant in Calvert (Alabama, USA). This was announced by the group’s Executive Vice-President and Chief Financial Officer, Genuino Cristino,…
China's rebar output retreats on week
China's rebar production dropped slightly over July 23-29, with the combined volume produced by the 137 domestic steelmakers under Mysteel's coverage edging down by 0.6% or 11,300 tonnes on week to around 2 million tonnes,…Weak demand to drag on China steel prices in August
Chinese steel prices are expected to continue tracking lower in the coming month as demand in both domestic and overseas markets will likely remain subdued, Mysteel's chief analyst Wang Jianhua predicts in his latest monthly.
Prices for billets rose by $10/t in most regional markets in July
In most regional markets for square billets, prices fell by around $10 per tonne in July. Turkey was the exception: the average price of the product rose by $8/t in July to $543/t (on a…SAIL, Krakatau Steel plan $350 million investment in stainless steel plant
India's state-run Steel Authority of India (SAIL.NS), opens new tab and Indonesia's Krakatau Steel (KRAS.JK), opens new tab plan to invest as much as $350 million in a stainless steel slab ?plant in Indonesia, two…
US steel tariffs still cost ArcelorMittal $600 million a year, CFO says
U.S. tariffs on imported steel are still costing ArcelorMittal about $150 million ?per quarter, as they impact the ?steelmaker's Canadian exports, its finance chief said on Thursday.Prices on regional slab markets fell by $3 per tonne in July
In July, regional slab markets saw a fall in prices of $3 per tonne. In particular, the reference export price for Brazilian slabs fell by $3 to $577/t (FOB). Following a period of high prices…
The EU scrap market came under pressure in July due to falling prices and weather conditions
In July 2026, the European scrap market came under dual pressure: a fall in demand due to seasonal maintenance work at steelworks and a logistical breakdown caused by drought led to a fall in prices.…Members' daily crude steel output stays steady in mid-July
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) kept largely stable during July 11-20, with the tonnage nudging down by 0.4% or 7,000 tonnes/day from the first…Turkish firm Kocaer Steel is setting up a new company in the US
Turkish steel producer Kocaer Steel (Kocaer Çelik) has decided to establish a new company in the United States to carry out manufacturing, trading and marketing activities. This was reported by SteelRadar.Jindal Steel increased steel production by 15% y/y in Q1 FY2026/2027
Indian steelmaker Jindal Steel increased its steel production by 14.8% year-on-year in Q1 2026/2027 financial year (April–June), reaching 2.4 million tonnes. Steel sales volumes rose by 17.4% year-on-year – to 2.2 million tonnes. This was…
Prices on regional pig iron markets fell in the first half of July
The price situation on regional pig iron markets in the first half of July showed a generally downward trend. On a Black Sea basis, quotations fell in India and China, whilst pig iron prices in…Cleveland-Cliffs reduced steel products sales by 6.2% y/y in Q2
The American steelmaker Cleveland-Cliffs saw its external sales of steel products fall by 6.2% year-on-year in the second quarter of 2026, to 4.03 million short tonnes. This is stated in the steel producer’s report.The global hot-rolled coil market remained stable in July against a backdrop of a seasonal lull
The global hot-rolled coil market showed mixed trends in July 2026. In the US, prices rose steadily due to limited spot supply and stable demand, whilst in Italy, prices were supported by stricter EU import…ArcelorMittal is raising prices for long products in Europe by €25 per tonne
ArcelorMittal, Europe’s largest steel producer, has announced a price increase for long products. The cost of sections, rebar and wire rod will rise by €25 per tonne ($28.5/t). This was reported by Kallanish.Nucor Bar Mill Group is raising prices for bar steel by $30/t
Nucor Bar Mill Group, a division of the US steel producer Nucor, has announced a price increase for construction-grade long products (MBQ). This was reported by Kallanish, citing a letter from the company to its…
Global prices for coking coal fell during the first half of July
Global coking coal prices fell during the first ten days of July against a backdrop of weak demand from China and India.