Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
China disapproves of British Steel nationalisation decision by UK
China said on Friday it ?firmly opposes and strongly disapproves of ?Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms ?there.
Ansteel raises its HRC list prices for August sales by $7/t
Angang Steel Co (Ansteel), the Shenzhen-listed arm of China's second-largest steelmaker Ansteel Iron & Steel Group, has decided to mark up the list prices of its carbon steel hot-rolled coils (HRC) by Yuan 50/tonne ($7.4/t)…
China's H1 crude steel output falls 3% YoY
China's total crude steel output during the first half of this year registered 499.95 million tonnes, marking a 3% fall compared with the same period last year, according to the latest release from the National…Formosa is further reducing its prices for hot-rolled steel for large orders
Less than a week after its previous price cut for hot-rolled steel, the Vietnamese producer Formosa Ha Tinh Steel has offered further discounts of $7–9/t on hot-rolled steel for large orders. The previous price cut…
Shagang holds list prices for steel longs for mid-July sales
Shagang Group (Shagang), China's leading privately-owned steel firm and the country's largest electric-arc-furnace steelmaker, has decided to maintain its long-product list prices for sales over July 11-20 from the first ten days of the month,…Ukraine increased imports of long steel products by 72.6% y/y in January–May
Between January and May 2026, the long steel products market in Ukraine saw a significant increase in imports — up 72.6% compared with the same period in 2025, to 184.46 thousand tonnes. This is according…The American Chamber of Commerce calls for a measured review of rail tariffs
The American Chamber of Commerce in Ukraine has called on the government not to approve the draft order from the Ministry of Development regarding an increase in rail freight tariffs in its current form. This…Baosteel lifts HRC list prices slightly for August sales
Baoshan Iron & Steel Co (Baosteel), the listed arm of the world’s top steelmaker China Baowu Steel Group, is raising the list prices for its major flat-rolled products including hot-rolled coil (HRC) by Yuan 50/tonne…China's HRC output edges up further, prices end decline
Hot-rolled coil (HRC) production among the 37 Chinese steelmakers regularly surveyed by Mysteel edged up slightly by another 17,400 tonnes on week to 3.04 million tonnes during July 2-8, after the previous week’s tiny uptick,…Baosteel is raising prices for hot-rolled steel for August sales
Baoshan Iron & Steel (Baosteel), a subsidiary of the world’s leading steel producer China Baowu Steel Group, has raised prices for its main flat steel products, including hot-rolled coil (HRC), for domestic sales in August.…Japan imposes 4-month provisional AD duties on nickel-based cold-rolled stainless steel from Taiwan & China
Japan announced provisional anti-dumping (AD) duties lasting four months, from July 8, 2026, to November 8, 2026. The measures target imports of nickel-based stainless steel cold-rolled strips, sheets, and coils.Jingye Steel demands full compensation for British Steel takeover
China's privately owned steelmaker Jingye Steel said on Monday it would seek "prompt, adequate ?and effective" compensation from the British government ?over its investment in British Steel, after the government took control of the company.ArcelorMittal is raising prices for rolled steel in Europe by €50 per tonne
The updated base price for hot-rolled coil (HRC) now stands at €770 per tonne on a delivered basis, compared with the previous level of €720 per tonne. Prices for cold-rolled coil (CRC) and hot-dip galvanised…Steel production in China could fall by 1.2% у/y in 2026 — forecast
According to SteelHome’s latest forecast, steel production volumes in China will show a moderate decline in 2026 due to structural imbalances in the market. Steel output is expected to stand at 950 million tonnes, down…Demand for steel in India rose by 8.3% y/y in Q1 of FY2026/2027
During the first quarter of the 2026/2027 financial year (FY2026), India’s steel industry demonstrated steady growth. According to official data from India’s Ministry of Steel, the country has seen positive trends across all key indicators:…South Korea is set to expand its support for the steel industry
The South Korean government is set to expand its support measures for the steel sector. This was announced by the country’s Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol, according to the…Prices for billets on regional markets fell by $5–15 per tonne in June
In most regional markets for square billets, prices fell by 5–15 dollars per tonne in June. The Gulf states were an exception, where the war in the region created a unique market situation, and prices…Latin American countries, some steelmakers argue for US tariff exemptions
Some steelmakers and trade groups argued at the forced labor hearing for ?an exemption for imported ?pig iron, used in steel production from electric arc furnaces.Cleveland-Cliffs is to supply the Pentagon with $400 million worth of electrical steel
The American steelmaker Cleveland-Cliffs Steel Corp. has signed a major deal with the US Department of Defence (Department of War) to supply electrical steel. The total value of the contract is $400 million, according to…