Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
EU to impose provisional safeguards to protect electrical steel from imports
The European Union will impose a set of import quotas and minimum prices for electrical steel and downstream products, it said on Friday, in a bid to shield the EU from cheap imports, principally from…
Italy’s steel production fell by 3.5% y/y in August
In August 2026, steel production in the country totalled 793,000 tonnes. This is 3.5% less than in the same period last year and significantly lower than July’s figure of 1.7 million tonnes. This was reported…
The US is imposing countervailing duties on imports of rebar from Vietnam and Egypt
The United States is imposing countervailing duties on imports of reinforcing bars from Vietnam and Egypt after the US International Trade Commission (ITC) found that subsidised imports from these countries are causing harm to US…
Decline in Chinese retail steel stocks accelerates further
Retail stocks of the five major carbon steel items held by the Chinese traders that Mysteel regularly checks fell faster during September 11-17, according to the results of Mysteel's latest weekly survey.Pre-holiday restocking stabilizes China's 304 stainless CRC market
The decline in Chinese spot prices of 304-grade stainless steel took a pause during the survey week to September 16 and stabilized across key trading hubs of Wuxi and Foshan, as pre-holiday restocking revived buying…China Iron and Steel Association Members' daily crude steel output recovers in early Sept
Steel Association (CISA) rose during September 1-10, with the tonnage edging up by 2% or 39,000 tonnes/day from the last eleven days of August to average 1.92 million t/d, according to the latest release from…
India has increased its ore production by almost 20% in eight months
Iron ore production in India rose by 19% in the first eight months of 2026 compared with the same period last year, reaching 230 million tonnes. This was reported by BigMint.
The fall in scrap prices on regional markets slowed in August
The fall in prices on the global scrap market, which began in June, continued into August, although the rate of decline slowed significantly. In Turkey and the US, prices remained virtually unchanged, falling only slightly.…India saw a 31.4% y/y increase in rolled steel exports in August
Exports of rolled steel from India fell slightly in August — by 0.7% month-on-month to 0.7 million tonnes. At the same time, compared with August 2025, exports rose by 31.4%. This was reported by BigMint.Nucor has raised the price of hot-rolled coils to $1,200 per short tonne
The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil (HRC). The price has risen by $10 compared with the previous week and now stands at $1,200 per short…India will be able to export 1.64 million tonnes of steel per year to the EU under the FTA
India has agreed an individual annual quota for steel exports with the European Union. According to the agreed text of the free trade agreement (FTA), the total quota will amount to 1.64 million tonnes per…Average prices for oil and gas OCTG pipes in the US rose by 11% in August
Regional pipe markets are showing mixed trends, linked to the specific characteristics of pipe products. In August, prices for welded pipes in Turkey, intended for construction purposes, fell by 6% due to a seasonal downturn,…ArcelorMittal and China Oriental are to produce electrical steel in China
ArcelorMittal Jinxi New Materials, a joint venture between ArcelorMittal and China Oriental Group, has officially launched its joint brand of electrical steel, AMORNEX, in Changzhou (Jiangsu Province), according to a report by BigMint.Baosteel is raising its prices for hot-rolled coils by $30/t for October sales
China’s Baoshan Iron & Steel (Baosteel) has raised its prices for hot-rolled coils (HRC) for the domestic market by 200 yuan/t ($30/t) for deliveries in October. This was reported by BigMint.ArcelorMittal has temporarily shut down blast furnace A at its plant in Gijón following a steam explosion
The steelmaker ArcelorMittal has temporarily shut down blast furnace A at its steelworks in Gijón (Spain) following a steam explosion. This was reported by Don Porqué.
Moeve and ArcelorMittal are joining forces to decarbonise the steel industry
Energy company Moeve and steel giant ArcelorMittal have announced the creation of a joint innovation platform on a 50/50 partnership basis. This was reported by Fuelcellsworks.Germany saw a 1.8% y/y fall in steel production in July
German steelworks reduced steel production by 1.8 per cent year-on-year in July 2026, to 2.68 million tonnes. Compared with the previous month, the figure fell by 8.7 per cent. This is according to data from…
Iron ore prices returned to a level of over $100 per tonne in early September
As of early September, iron ore prices (KORE 62% Fe/Qingdao) had rebounded to over $100/t CFR, whilst in August this commodity had mainly traded within a narrow range of $95–98/t.Nucor has raised the price of hot-rolled coils to $1,190 per tonne
The American steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coils by $5 per short tonne compared with the previous week. This is stated in a letter from the company…