Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
U.S. October Steel Shipments Down 4.2 Percent From Prior Month
he American Iron and Steel Institute (AISI) reported today that for the month of October 2025, U.S. steel mills shipped 7,692,319 net tons, a 9.2 percent increase from the 7,047,172 net tons shipped in October…
Fitch has raised its forecast for iron ore prices for 2025-2026
According to the updated estimates, the average price of iron ore with an iron content of 62% (CFR China) in 2025 will be $100/t against the previous forecast of $95/t, and in 2026 – $90/t…Jindal sees subsidies as 'important' in potential takeover of Thyssenkrupp steel unit
Jindal Steel International sees government subsidies in Europe as "an important factor" in its strategy for a potential takeover of Thyssenkrupp's steel division (TKSE), the head of its European business was quoted as saying on…
Billet prices rose by $4 on the Black Sea market in November
In November, the global square billet market saw mixed price trends, but overall the situation remained stable, with no sharp fluctuations. At the beginning of the month, most major billet markets saw a cautious upward…China's Oct crude stainless steel output up 2% on month
China's crude stainless steel output posted an on-month growth of 78,700 tonnes or 2.2% to reach 3.62 million tonnes in October, according to the latest data released by the Stainless Steel Council of China Iron…Vale forecasts iron ore price at $100/ton in 2026
Rising production costs and depletion of deposits are shaping a new market structure, despite the emergence of SimandouEU to curb exports of recyclable battery, rare earth waste to cut China reliance
The European Commission plans to restrict exports of rare earth waste and battery scrap that can be recycled from early 2026 as part of its push to secure critical raw materials used in electric cars,…Italy to seek 5 bln euros in damages from ArcelorMittal over ILVA steelworks
The commissioners of Italy's former ILVA steel plants will launch a 5-billion-euro ($5.83 billion) damages claim against ArcelorMittal, Industry Minister Adolfo Urso said on Wednesday, as the government seeks a new buyer for the steelmaker.India's JSW Steel to move Bhushan Power's steel business to JV with JFE Steel
India's JSW Steel will sell the steel business of its unit Bhushan Power and Steel to an equal-stakes joint venture with Japan's JFE Steel for 244.83 billion rupees ($2.72 billion), as it seeks to fund…
Nucor raises hot-rolled coil prices for sixth consecutive week
American steel producer Nucor has raised its spot price for hot-rolled coil (HRC) for the sixth week in a row. On December 1, the company announced a $5 per short ton increase in its weekly…Canada’s Algoma Steel to lay off 1,000 workers due to impact of US tariffs
The company will switch to producing steel exclusively in EAFs a year earlier than plannedGlobal crude stainless output grows 2.3% YoY in Q3
Total production of crude stainless steel worldwide maintained on-year growth during the third quarter of this year, with the total tonnage rising by 2.3% from the same period last year to reach 16.07 million tonnes,…Hyundai Steel to unveil U.S. steel mill model at hydrogen expo
Hyundai Steel Co., South Korea's second-largest steelmaker, said Monday it will unveil a miniature model of its planned electric arc furnace (EAF) steel mill in the United States at a hydrogen exhibition this week.Steel exports from Turkey grew by 12.6% y/y in the first 10 months
Turkish steelmakers are boosting sales to foreign markets, increasing the share of exports in the market structure
Saudi Arabia pilots scrap imports programme
Saudi Arabia has stepped up scrap imports to address a widening supply-demand gap, as the country braces for a critical shortage in the first quarter of 2026.
EMSTEEL upgrades rebar mill with new Twin Channel system
Danieli Service successfully completed the replacement of the entire Twin Channel system at the EMSTEEL rebar mill in Abu Dhabi, originally supplied by Danieli in 2006.EU-India agreement must take into account challenges facing the bloc’s steel industry – EUROFER
European steelmakers call for a level playing field and protection of strategic industries in negotiations with India.The global market for hot-rolled coil has been growing steadily since early November
In early November, the global hot-rolled coil (HRC) market is showing a predominantly upward trend. Prices are rising in the EU and the US amid more stable demand and reduced supply, while China, on the…ArcelorMittal raises prices for long products in Europe by €30/t
Other EU producers have also announced their intention to increase prices by €20-30/t. Global mining and steel company ArcelorMittal has announced a €30/t price increase across its entire long products range in Europe, according to…