Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
European carbon prices have reached €74–76 per ton since the second half of April
Futures prices for CO2 emission allowances (EUAs, December 2026 contract) have ranged between €74 and €76 per ton since the second half of April.
Global steel production fell by 4.2% y/y in March
Global steel production in March 2026 fell by 4.2% year-over-year and rose by 12.8% month-over-month, reaching 159.9 million tons. This is according to the World Steel Association’s global ranking of steel-producing countries (69).
Rio Tinto increased its iron ore production by 12% in Q1
In the first quarter of 2026, mining company Rio Tinto increased its total iron ore production by 12% year-on-year – to 82.8 million metric tons, according to a report. Production in the Pilbara region (Australia)…Global steel producers are maintaining high HRC prices
Tokyo Steel, a leading Japanese electric arc furnace steel producer, raised prices for May HRC (1.7–22 mm) sales by 5,000 yen/ton ($31/ton) compared to the previous month, according to BigMint.Chinese mills' steel stocks down for 5th week
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey declined over April 10-16 to 4.71 million tonnes, slipping for the fifth consecutive week by 1.8%…
Mexico eyes early trade deal on steel, aluminum, autos ahead of USMCA
Mexico's President Claudia Sheinbaum said on ?Monday that Mexico is interested in reaching an ?agreement, prior to completing the review of the U.S.-Mexico-Canada trade pact, regarding the exchange of steel, aluminum ?and automobiles.China is stepping up efforts to stabilize the steel market
The imbalance between ample supply and weak demand for steel continues to grow
Nippon Steel has begun the transition to EAF at its Kyushu Works facility
Japanese steelmaker Nippon Steel has begun transitioning from blast furnace production to electric arc furnace (EAF) production at its Kyushu Works facility, marking a significant step in its decarbonization strategy. This was reported by Japan…Prices on regional slab markets rose by $15–20 per ton in the first half of April
In all regional slab markets, prices continued to rise in the first half of April, increasing by $15–20 per ton. The highest price was recorded in Brazil at $605/t (FOB).Steel production in China fell by 4.6% y/y in Q1
Rising costs and weak demand have limited production, and March was the worst month for the industry since 2020UK steel exports to EU at risk as bloc doubles tariffs and halves quotas
Decision to reduce duty-free quotas by 47% aimed at curbing Chinese importsSteel producers tease Q1 earnings surge, citing higher prices
Nucor Corp. and Steel Dynamics are projecting a $1-per-share surge from the previous quarter as tariffs on imported steel bolster domestic production and demand.Iron ore prices continue their upward trend in April
The average price of KORE 62% Fe iron ore (Qingdao, CFR) in April (April 1–17), 2026, rose by 2.3% compared to March prices, reaching $108.78/t. As of April 17, the price stood at $108.04/t, up…China’s steel exports fell by 9.9% y/y in Q1
In January–March 2026, China reduced its steel exports by 9.9% year-on-year, to 24.71 million tons. This was reported by the China Iron and Steel Association (CISA), citing data from the customs service.Global steel demand is expected to grow by 0.3% in 2026 – Worldsteel
The World Steel Association (Worldsteel) forecasts that global steel demand will grow by 0.3% this year, reaching 1.72 billion tons. This is stated in the association’s April short-term outlook.Tangshan billet prices pull back on week
Billet prices in Tangshan in North China's Hebei province declined again during the week of April 6-12 after the previous week's gain, with Mysteel assessing the price of Q235 150mm square billet in the city…Industry group cuts global steel demand forecast for 2026 due to Iran war
The World Steel Association on Tuesday cut its ?forecast for global crude steel demand this year, ?partly due to the Iran war slashing consumption in the Middle East.
China's rebar output rises further on week
Rebar output among the 137 Chinese steel mills Mysteel regularly tracks rose further during the week of April 2-8, with the production volume climbing by 4.1% or 84,900 tonnes on week at 2.16 million tonnes,…Japan's steel demand, crude steel output to fall over April-June
Japan's steel industry will experience a slow first quarter of the country's new fiscal year from April 1, with demand seen falling by 1.5% from April-June last year and steel production dipping by 0.7% year-on-year…