Steel News & Market Reports
Steel market updates, daily price reports, industry events and more.
Protective measures boost HRC prices worldwide
Hot rolled coil prices in the Northern European region increased by €4.55/t in the first week of March, according to Eurometal. Compared to the same period in February, the increase was €32.2/t. Official offers from…
Baosteel maintains current flat steel prices for April sales
Leading Chinese steelmaker Baosteel will not raise prices for flat products for April domestic sales. The decision applies to all types of these products, including hot-rolled and cold-rolled coils, Kallanish reports.Nucor has increased prices for hot rolled coils by $155/t since the beginning of the year
The US steel company Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting from March 10, 2025, the base price of HRC will be $915 per short tonne…Five Steel Groups Pledge Support for Steel Tariffs, Applaud Actions
Five organizations representing the American steel industry today wrote to President Trump to express strong support for restoring 25 percent tariffs on steel imports and eliminating the exclusion process for that tariff program.
Global iron ore prices declined in early March
The reduction in Chinese imports in January-February failed to support the price of ore on the main trading platforms in Southeast Asia
Indian steel prices seen dropping on US tariffs
Indian domestic steel prices may witness a correction of around INR 3,000/tonne ($34.45/t) due to the potential redirection of excess supply into India amid US import tariffs.
China to mandate steel output cuts to ease glut, restore profits
Authorities will promote industry restructuring to reduce production, the nation’s economic planning agency said at the National People’s Congress in Beijing on Wednesday.
Global pig iron prices recovered after a fall
Price offers for pig iron shipments in Brazil increased to $430/t by the end of the month, FOB Ponta da Madeira, according to Metalplace. This corresponds to quotes at the beginning of December 2024. After…European producers prepare for higher prices for HRC
Buyers cannot book purchases from local producers at a price lower than €600/t. Psychologically, the market is ready for a price change, distributors sayAsian billet prices continue to decline
Buyers take a wait-and-see attitude in hope for further price cuts despite announced production cuts in China and declining inventoriesGlobal steel, raw material prices show mixed trends in Feb'25. What lies in store for Mar'25?
Global steel and raw material prices showed varying trends this month (till 25 February), with a range of factors inducing volatile market sentiment.
Italian iron rises as EU exhausts Russia quota
Italian pig iron asking prices are on the rise, primarily influenced by a scarcity of alternatives to supply from Russia. A Ukrainian producer is offering pig iron in Italy at $450-460/tonne cfr and negotiating with…Nucor raises HRC prices for the sixth time since the beginning of the year
US steelmaker Nucor has announced another increase in the spot price (CSP) for hot rolled coil (HRC). Starting March 3, it will be $900 per short tonne for all producers’ plants, except for California Steel…Toyota to reduce steel prices for spare parts producers
Toyota Motor Group, Japan’s largest automaker, will reduce prices for flat products sold to affiliated component manufacturers covered by its centralized procurement scheme for the first half of fiscal year 2025/2026 (April-September).Hot-rolled coils prices in 2025 in North America will amount to $600-800/t – survey
Most steel industry executives in North America expect hot rolled coil (HRC) prices to fluctuate between $600 and $800 per short tonne this year. This is according to the results of the annual survey conducted…ArcelorMittal Warsaw puts into operation a renovated rolling mill
Hot tests were carried out in November 2024, ahead of the original schedule of January 2025. The project was originally scheduled for 2020/2021. At the time, the company claimed that as a result of these…Global iron ore prices fell at the end of February
There were fluctuations in the iron ore market in February, with prices reaching their highest level since July 2024 by mid-month, but the trend was not long-lasting, with May futures on the Dalian Exchange falling…Spain increased steel production by 17.8% m/m in January
Spanish steelmakers increased steel production by 17.8% – to 1.025 million tons in January 2025 compared to the previous month. Thus, the country ranked 16th in the global ranking of steel producing countries (69) by…EU steel industry needs more protection, says French industry minister
Europe's ailing steel sector needs to be better protected from cheap imports as current measures are insufficient, French industry minister Marc Ferracci said on Thursday.