Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
The decline on China's retail steel stocks continues
Retail inventories of the five major carbon steel products held in the commercial warehouses across China regularly checked by Mysteel thinned for the fourth consecutive week during April 3-9, the results of Mysteel's latest weekly…
Future steel market to develop in positive direction
Following Hoa Phat Steel's price-up, Formosa Ha Tinh Steel has also raised its offers, including hot-rolled coil (HRC) and carbon wire. In addition, the Vietnamese Ministry of Industry and Trade recently announced temporary anti-circumvention measures…
India aiming to cut steel emissions by 25%, double capacity, document shows
India's steel mills aim to cut carbon ?emissions by about a quarter over the next decade and reduce reliance on coal, while ?the world's second-biggest producer of the alloy plans to more than double output,…
China's March stainless output jumps 40%, April edges lower
China's crude stainless steel production rebounded significantly in March from February as mills resumed normal operations following the Chinese New Year holiday, Mysteel's latest survey results show. This month will likely see a reversal, however,…Due to the rainy season, the tight supply of cast iron in Brazil may persist until May
Average prices in most regional pig iron markets rose by $10–25/t in March. The increase in prices was partly driven by limited supply due to weather conditions in Brazil and rising prices on the global…India puts off global steel conference citing Middle East crisis
India's federal steel ministry has postponed a global steel ?conference scheduled for April 16-17 ?in New Delhi, citing disruption to international participation due to the Middle East crisis, the ?ministry said.Nucor has raised the price of hot-rolled coil to $1,040 per ton
U.S. steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $5 per short ton compared to the previous week. This was announced in a letter from the company to…India exported 25.8 million tons of iron ore in the 2025/2026 fiscal year
In the 2025/2026 fiscal year (ending March 31), India reduced its exports of iron ore and pellets by 15% year-over-year, to 25.78 million tons, according to data from BigMint.Mid-East conflict pushes SEA billet costs, Chinese materials to fill supply gap
Ongoing turmoil in the Middle East is creating a significant steel billet supply gap and driving up regional shipping and logistics risks, pushing import costs for Southeast Asia higher by more than 20%, according to…Steel shipments to the US rose 5.1% y/y in February
The American Iron and Steel Institute (AISI) reported today that for the month of February 2026, U.S. steel mills shipped 7,395,507 net tons, a 5.1 percent increase from the 7,035,936 net tons shipped in February…Global prices for hot-rolled coil rose by 1-6% in March
Global prices for hot-rolled coil (HRC) rose in most key regions in March 2026 – by 1-6% month-over-month. By the end of the first quarter, the market showed a noticeable recovery: current offers exceed late-2025…Strikes on Iranian key steel plants may reshape global steel trade flow
On March 27 local time, the United States and Israel carried out precision airstrikes on Iran’s two key steel producers – Isfahan’s Mobarakeh Steel Company (MSC) and Khuzestan Steel Company (KSC) – while also destroying…China's HRC export prices rise higher, but freight rates hurt trades
Chinese export prices for commercial-grade hot-rolled coils (HRC) rose further during the week of March 23-27 to reach a 14-month high. However, overseas buying of Chinese coils was hampered by the spike in ocean freight…Nucor has again raised the price of hot-rolled coil by $10 per ton
U.S. steel producer Nucor has again raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $10 per short ton compared to the previous week. This was announced in a letter from the company…India Steel Ministry eases import rules for select stainless-steel flat products
Steel ministry has eased import compliance for certain stainless-steel flat products, extending relief for three Indian StandardsNucor Bar Mill Group has raised prices for bar stock
The price increase for certain products is $40–60 per short tonIron ore prices rose by nearly 7% in March amid supply risks
The market was supported by weather and geopolitical factors, although high inventories at Chinese ports held back further growthPOSCO and Hyundai Steel will raise prices for hot-rolled steel for April sales
POSCO’s previous price hike took place in March, while Hyundai Steel implemented its increase in February–March. Both companies are likely to maintain an upward price trend in the first half of the year due to…WEEKLY: China's retail steel stocks drop faster on week
Retail inventories of the five major carbon steel products in the warehouses across China regularly checked by Mysteel eased further and faster over March 20-26, according to Mysteel's latest weekly survey.