Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Sweden grants green steel startup Stegra $41 million in funding
Sweden said on Wednesday it had granted green steel startup Stegra 390 million crowns ($41 million) in funding, as the Swedish company gathers new financing to complete its factory in the north of the country.
Asian coking coal prices showed mixed dynamics in November
Domestic production is recovering in China, while India is weighing the impact of possible tariffs on coke imports. Asian coking coal prices fluctuated in November amid changing trends in China and India.
Nucor raises prices for hot-rolled coil for the fifth week in a row
In a letter to customers, the company specified that the price of thick plate will increase by $30 per short ton for all new orders not confirmed by the end of the business day on…India's finished steel imports in April-October down 34%, govt data shows
India's finished steel imports during the first seven months of the financial year were down 34.1% year-on-year, according to provisional government data reviewed by Reuters on Monday.
India sharply increased iron ore imports by more than 200% y/y in January-October
Demand for high-quality raw materials is growing due to limited domestic supplies and expansion of blast furnace capacity
High-grade scrap demand remains limited, secondary metallurgy important
Despite the push to lower steelmaking emissions, there is limited demand for high-quality scrap in Europe, while EU mills could follow their US counterparts and acquire scrap processors to have first refusal over scrap supply,…
Indian rebar prices turn volatile as buyers retreat
India’s rebar market remained volatile through the week amid cautious buying and uneven demand across regions, Kallanish notes. Prices moved in a narrow band as traders stayed on the sidelines waiting for clearer direction.China's 304 stainless CRC prices suffer broad decline
Spot prices for 304-grade stainless steel tracked Shanghai futures prices during November 13-19 and mostly softened further in China's major trading hubs, the results of Mysteel's latest survey showed. The exception was cold-rolled coil (CRC)…US Finished Import Market Share Estimated at 14 Percent in September
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 September totaled 1,650,000…
EU steelmakers concerned about direction of discussions on green steel labeling
Steel producers and scrap collectors are concerned about the consideration of a «sliding scale» without differentiation based on production technologiesGermany increased steel production by 5.1% m/m in October
In October 2025, German steel enterprises increased steel production by 5.1% compared to the previous month, to 3.13 million tons. Compared to the same month in 2024, the figure decreased by 3%. Production volumes have…China steel output slumps as iron ore imports head for record
China's steel production this year will drop below 1 billion metric tons for the first time since 2019, but iron ore imports may rise to a record high.China's HRC output dips, but price pressure remains
Production of hot-rolled coils (HRC) among the 37 Chinese steelmakers regularly surveyed by Mysteel retreated further during November 6-12, easing by 1.4% on week to 3.14 million tonnes, the latest survey results showed.Indian HRC exports drop 20% in October
The data cover HS codes under heading 7208, with the most traded being 720837, 720838 and 720839. These include HR carbon steel coil and sheet of 10mm thickness and over 600mm width, excluding stainless steel.Nucor raises prices for hot-rolled steel for the fourth week in a row
American steel company Nucor continues its cycle of hot-rolled coil (HRC) price increases, gradually raising weekly spot prices for consumers (CSP) for the fourth week in a row. For the week of November 17-23, CSP…
Chinese, ASEAN billet prices inch up
In China, offers for 3sp 150mm billet rose by $3/tonne week-on-week on Friday amid rebounding futures prices and an appreciation in the Chinese yuan to US dollar.
China's daily crude steel output recovers in early-Nov
Daily crude steel output among the member mills of the China Iron and Steel Association (CISA) averaged 1.93 million tonnes/day during November 1-10, rebounding significantly by 6% or by a 109,000 t/d after the deep…Russian steelmakers discuss tax on imported steel: reports
Russian steelmakers are discussing approaching authorities with a proposal to introduce an excise tax on steel imported into Russia, including rolled steel products.Global scrap prices are moving in different directions at the end of the year
The global scrap market showed mixed trends in October-November. Some regions faced declining demand and oversupplied inventories, while others were supported by exports and seasonal supply reductions. Turkey and the US showed moderate recovery, the…