Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Global steel production in February decreased by 3.4% y/y
Global steel production in February 2025 decreased by 3.4% compared to the same month in 2024 to 144.7 million tons. Compared to the previous month, the figure fell by 4.4%. This is evidenced by the…
Nucor raises prices for hot-rolled steel by $5/t
The American steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from March 24, 2025, the base price of HRC will be $935 per short tonne…
Scrap prices rose slightly in mid-March
The cost of HMS 1&2 scrap (80:20) in China reached $340/t CFR by mid-March, according to Kallanish. The weekly increase was $2.5/t. Thus, quotes returned to the level recorded at the beginning of the month.…
Canada metal ore prices achieve another record high
Prices for Canada’s primary ferrous metals and fabricated metal products slipped month-on-month in February, whilst metal ore concentrate increased, Kallanish discovers from the latest data gathered by Statistics Canada.
US significantly raises rebar exports in Jan
According to statistics from the US Department of Commerce (USDOC), US rebar exports in January rose by 45% month on month and by 64% year on year, reaching around 29,000 tons.Recycling associations concerned about EC proposals in steel and metals action plan
The recycling associations BIR and EuRIC have issued a joint statement expressing concern over the export proposals in the Steel and Metals Action Plan published by the European Commission.Global CRC prices increase in March
The price of cold rolled coil in North America increased from $1,125/t EXW as of February 28 to $1,162/t EXW as of March 20, according to Kallanish. The rise in product prices is not supported…EU proposes cutting steel imports by 15% as Trump tariffs bite
The European Union will tighten steel import quotas to reduce inflows by a further 15% from April, a senior EU official said on Wednesday, in a move aimed at preventing cheap steel flooding the European…India's proposed steel import tax smaller than hoped, but 'better than nothing', steelmakers say
India's proposed 12% tax on steel imports was less than the industry had expected, but will give some relief from an influx of cheap Chinese imports, executives said on Wednesday.
Global slab prices rose in the first half of March
Indonesian and Vietnamese slab suppliers raised their selling prices for EU customers to $500/t SFR in mid-March, according to SteelOrbis. In mid-February, offers were at $480-485/t CFR Europe.Nucor raises prices for hot-rolled steel once again – up to $930/t
The US steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from March 17, 2025, the base price of HRC will be $930 per short tonne…The US remained ArcelorMittal’s largest market in 2024
In 2024, the United States remained the largest sales market for the global steel company ArcelorMittal, although sales in this area decreased by 5% year-on-year to $8.44 billion. This is stated in the financial report…UK Steel offers affordable electricity solutions for steelmakers
British steelmakers are calling on the government to help the industry with electricity prices. This is stated in the report of the industry association UK Steel.Global ferroalloy prices decline in first half of March
In the first half of March, spot prices for ferrosilicon (75%) in China fell by $7/t to $870/t EXW, according to BigMint. Market sentiment remained cautious as participants worried about potential uncertainty. Futures prices on…
Germany reduced scrap exports to a record low in 2024
In 2024, Germany reduced exports of ferrous scrap by 11% compared to 2023, to 7.1 million tons. This is the lowest figure since the beginning of data collection (2006). This is evidenced by data from…ArcelorMittal Europe increased steel production by 8.3% y/y in 2024
The European division of global steelmaker ArcelorMittal increased steel production by 8.3% in 2024 compared to 2023, to 31.2 million tons. This is stated in the company’s financial report.
Turkish scrap prices return to growth
HMS 1&2 (80:20) scrap price offers at the end of last week rose by 2.7% compared to the beginning of March, to $375/t, CNF Iskenderun, according to MetalPlace. The growth resumed after a pause in…Global prices for rebar fell in early March
The dynamics of rebar sales by traders in the first ten days of March was determined by both seasonal and systemic factors. Manufacturers in most regions of the world had to respond by adjusting prices,…
US aluminium, steel prices hover near peaks as tariffs kick in
The cost of aluminium and steel in the United States hovered near recent peaks on Wednesday after U.S. tariffs of 25% took effect and sparked retaliation from Canada and Europe.