Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Australia's BlueScope Steel gets $8.8 billion buyout offer from SGH, Steel Dynamics
Australia's BlueScope Steel said on Monday it received an A$13.15 billion ($8.78 billion) takeover proposal from an investor group comprising billionaire Kerry Stokes-owned SGH and U.S.-based Steel Dynamics .
EU carbon tax from 2026 set to dent India’s steel, aluminium exports: GTRI
Indian exports of steel and aluminium to the European Union are likely to face a major competitiveness challenge starting January 1, 2026, as the EU’s Carbon Border Adjustment Mechanism (CBAM) shifts from a reporting-only phase…
Tariffs and policy shape 2025 market, 2026 to answer questions
2025 will be remembered for punitive US tariffs, hard-hitting European policymaking and significant merger and acquisition activity – either concluded or anticipated. It has also raised significant questions for 2026, such as how will China’s…China's HRC export prices stay rangebound
At the start of last week, major mills had expected that the imposition of export licensing would limit the outflow of low-priced non-VAT hot coils into the market and therefore allow the makers to raise…Indian steelmakers jump after New Delhi imposes import tariffs
Shares of major Indian steel companies climbed between 2% and 5% on Wednesday after the country imposed a three-year import tariff on select products to curb cheap shipments from China.
JISF predicts another mediocre year for Japanese steel in FY26
Crude steel production during the current fiscal year ending March 31 2026 will be about 2.6 million tonnes lower than last fiscal year and will mark a 52-year low, according to forecast issued by the…Indian domestic coil prices rise ahead of year-end
India’s domestic hot rolled and cold rolled coil prices rose sharply by INR 1,500-2,000/tonne ($16.7-22.3/t) week-on-week, supported by mill price hikes, firm end-user demand and rising raw material costs ahead of year-end holidaysDemand for steel in India will grow by 8% in FY2025/2026 – ICRA
Demand for steel in India in fiscal year 2025/2026 (ending March 31, 2026) will grow by approximately 8% (11-12 million tons) due to stable consumption from the infrastructure and construction sectors. This forecast was given…Canada imposes temporary anti-dumping duties on imports of OCTG pipes
The Canada Border Services Agency (CBSA) has issued a preliminary ruling imposing temporary anti-dumping duties on certain oil country tubular goods (OCTG) imported from Mexico, the Philippines, Turkey, South Korea, and the United States.Nucor raised prices for hot-rolled coil by $75/t in November-December
American steel company Nucor has notified its customers of another increase in the weekly spot price (CSP) for hot-rolled coil (HRC). For the current week (December 22-28), offers rose by $10/t or 1.1% compared to…Global steel production fell by 4.6% y/y in November
Steel production in 70 manufacturing countries amounted to 140.1 million tonnes per monthChinese mills' steel stocks edge down
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey edged down during December 12-18 after the accumulation over the prior week, with the total volume…Iron ore exports from India rose by 27% m/m in November
Exports of iron ore and pellets from India rose sharply in November, increasing by 27.2% compared to October, to 2.76 million tons. In the structure of supplies, 2.51 million tons fell on iron ore (+28.1%…Italy reduced steel production by 11.8% m/m in November
In November 2025, Italian steel companies reduced steel production by 2.8% compared to November 2024, to 1.75 million tons. Compared to the previous year, the figure fell by 11.8%. This is evidenced by data from…China Steel Corp raises prices as market shows signs of recovery
China Steel Corp, the nation’s biggest steelmaker, yesterday raised prices for some products for domestic delivery next month and next quarter as the global steel market is showing signs of a recovery.ArcelorMittal raises prices for hot-rolled coil in the EU for March by €20/t
Global steel producer ArcelorMittal has announced a €20/t increase in hot-rolled coil (HRC) prices in Europe for March deliveries. The new offers are €670/t Delivery Basis, while for January-February deliveries, the price announced back in…Russian billet prices face downside pressure
Russian billet offers remain largely stable but face mounting downward pressure as demand is weak amid the prospect of easing scrap prices, market participants tell Kallanish.Nucor raised prices for hot-rolled coil for the eighth consecutive week
American steel company Nucor has notified customers of another increase in the weekly spot price (CSP) for hot-rolled coil (HRC). For the current week (December 15-21), offers rose by $10/t or 1.1% compared to the…Finished Steel Import Market Share Estimated at 15 Percent in October
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the month of October totaled 1,591,000…