India became a net exporter of finished steel in October, with exports reaching 0.6 million tons, an increase of 44.7% compared to the same period last year, according to preliminary government data reviewed by Reuters. India, the world’s second-largest producer of crude steel, imported 0.5 million tons of finished steel products in October — a […]
India Becomes a Net Exporter of Steel in October Read More »
Chinese steelmakers continue to flood global markets with record export volumes, driven by strong demand from Southeast Asia and expanding new markets in the Middle East, despite escalating global protectionism. Saudi Arabia has emerged as a key new destination in 2025, with imports of Chinese steel rising 41% during the first nine months of the
China’s Steel Exports Shift Toward the Middle East Amid Rising Trade Restrictions Read More »
According to data from the China Iron and Steel Association (CISA) citing the Customs Service, China’s steel exports grew by 6.6% year-on-year in the first ten months of 2025, reaching 97.74 million tons. In October alone, Chinese steel producers exported 9.78 million tons, marking a 6.5% decline from September. The average export price stood at
China’s Steel Exports Rise 6.6% in January–October 2025 Read More »
Japan’s major trading companies are facing a prolonged slump in iron ore and coking coal prices, as surging Chinese steel exports flood Asian and global markets, weighing on profits for at least the next six months. Executives at Mitsubishi Corp. and Itochu Corp. said the oversupply is likely to persist through the end of the
Japanese Trading Houses Brace for Struggles Amid China’s Steel Glut Read More »
Henan Jiyuan Iron and Steel (Group) Co., Ltd (China) has commissioned SMS Concast to upgrade its eight-strand continuous caster (CCM#2) at Plant No. 2 to enhance product quality, flexibility, and productivity. The modernization will increase billet capacity to over 1 million tons annually, enabling the production of high-carbon and automotive steel grades. The revamped caster
SMS Concast to modernize billet caster at Henan Jiyuan Iron and Steel Read More »
China is seeking to revive its steel sector through a gradual reform approach that supports advanced producers in the industry, while avoiding sharp output cuts that could significantly reduce supply. According to a report published by Bloomberg, China’s upcoming five-year plan includes broad commitments to boost consumption and innovation. However, the government’s campaign against “over-competition”
China Seeks to Revive Its Steel Industry Without Cutting Production Read More »
According to a report issued by the Japan Iron and Steel Federation (JISF), based on customs data, Japan’s exports of iron and steel products reached 2.50 million metric tons in September 2025, marking a slight increase of 1.5% compared to August, but a year-on-year decline of 4.8%. During the January–September 2025 period, Japan’s steel exports
Japan’s steel exports decline by 4.3% in in January-September 2025 Read More »
Australian mining giant BHP and South Korea’s POSCO have signed a new memorandum of understanding (MoU) to jointly develop an innovative hydrogen-based ironmaking technology, marking a major step toward decarbonizing the global steel industry. The partnership focuses on advancing POSCO’s HyREX technology, which uses hydrogen direct reduced iron (DRI) through fluidized bed reactors (FBR) combined
BHP and POSCO Collaborate to Develop Low-Emission Hydrogen-Based Ironmaking Technology Read More »
Data from the National Bureau of Statistics of China showed that the country’s rebar production totaled 143.387 million metric tons from January to September 2025, marking a slight year-on-year decrease of 0.1%. During the same period, domestic wire rod production reached 102.111 million metric tons, up 1.7% year on year, while welded pipe production amounted
Slight Decline in China’s Rebar Production in the First Nine Months of 2025 Read More »
In September this year, China’s semi-finished steel exports totaled 1.4936 million mt, down 15.34% month on month. While rising by 41.85% year on year, according to China’s customs authorities. In the January-September period this year, China’s semi-finished steel exports amounted to 10.7297 million mt, up 215.43% year on year. In the January-September period this year,
China’s semi-finished steel exports rise 215.43% in January – September 2025 Read More »
China’s production of pig iron, crude steel, and finished steel reached 66.05 million tons, 73.49 million tons, and 124.21 million tons, respectively, in September 2025, according to data from the National Bureau of Statistics of China (NBS).Year-on-year, production declined by 2.4% for pig iron and 4.6% for crude steel, while finished steel output increased by
China’s Crude Steel Output Falls by 2.9% in January–September 2025 Read More »
Data from the General Administration of Customs of China showed that the country’s steel exports increased by 9.2% year-on-year during the period from January to September 2025, reaching 87.96 million tons, according to Reuters. In September alone, Chinese steel companies exported 10.47 million tons, up 10% from the previous month — the highest level in
China’s Steel Exports Rise by 9.2% in the First Nine Months of 2025 Read More »
Maruichi Stainless Tube Co. Ltd., a leading Japanese stainless steel tube manufacturer, has commissioned SMS group to supply a complete production line for extruded stainless steel tubes at a new greenfield plant in Shimonoseki, Japan. SMS will provide heating systems, a forming tube extrusion press, and automation technology. The fully electrified heating systems include preheating,
SMS Group to supply advanced tube production line to Maruichi in Japan Read More »
In a world where trade tariffs are rapidly escalating, it’s not only steel that’s melting — but also the delicate balance of global economies and trade alliances. The metal that once built cities, bridges, and empires has once again found itself at the center of a fierce new battle among the world’s largest economies. Global
Steel Crisis .. China’s Production Ignites a Global Tariff Race Read More »
China has temporarily banned all iron ore shipments from the world’s largest mining company, BHP, due to escalating disputes over pricing mechanisms, Bloomberg reported, citing sources familiar with the matter. According to the sources, China Mineral Resources Group, the state-owned entity, instructed local buyers this week to suspend purchases of any seaborne, dollar-denominated shipments from
China Temporarily Bans All Iron Ore Shipments from BHP Read More »
Customs data showed that Japan’s steel scrap exports totaled 513,180 mt in August 2025, up 4.4% compared to 491,652 mt in the same month last year. In the January–August period of this year, Japan’s steel scrap exports increased to 4.95 million mt, marking a 16.2% year-on-year rise. Vietnam ranked as the top importer of Japanese
Japan’s Steel Scrap Exports Up 16.2% in January–August 2025 Read More »
Preliminary data from BigMint showed that India’s steel exports, including stainless steel, increased by 22% year-on-year during April–August 2025, reaching 3.2 million tons. The growth was driven by higher exports of hot-rolled coil/sheet, up 12% to 0.67 million tons; pipes, up 26% to 0.8 million tons; and long products, up 26% to 0.29 million tons.
India Raises Steel Exports by 22% in April–August 2025 Read More »
In August this year, China’s semi-finished steel exports totaled 1.76 million metric tons, up 12% month on month, while rising by 230% year on year, according to China’s customs authorities. Since demand in the domestic market in China was weak in the June-August period, mills and traders were relying on exports, and billet was one
China’s semi-finished steel exports up 292% in January-August 2025 Read More »
India’s Tata Steel has signed a natural gas supply agreement with GAIL, the country’s largest natural gas company. The deal marks the largest industrial customer onboarding since the launch of GAIL’s city gas distribution networks in Varanasi, Patna, Ranchi, East Singhbhum, Cuttack, and Khordha. Under the agreement, GAIL will supply 31,000 standard cubic meters per
India : Tata Steel signs gas supply deal with GAIL Read More »
According to Chinese customs data, China’s exports of steel rebar jumped by 52.2% year on year in the January–August 2025 period, reaching 12.25 million mt. Wire rod exports also increased by 12.1% to 1.95 million mt, while exports of steel angles and channels rose by 39.2% to 5.03 million mt. In August alone, China exported
China’s Steel rebar Exports Surge in January–August 2025 Read More »
Iron ore futures fell on Thursday, pressured by weakening demand from China’s manufacturing and infrastructure sectors. However, stockpiling purchases ahead of the National Day holiday on October 1 helped limit the losses. On the Singapore Exchange, October-delivery iron ore futures slipped 0.4% to $105.45 per ton as of 12:17 p.m. Mecca time. Meanwhile, on China’s
Iron Ore Prices Decline Amid Weak Demand in China Read More »
According to data from the National Bureau of Statistics of China, the country’s August production reached 69.79 million mt of pig iron (up 1.0% year-on-year, down 1.43% month-on-month), 77.37 million mt of crude steel (down 0.7% y-o-y and 2.87% m-o-m), and 122.77 million mt of finished steel (up 9.7% y-o-y and slightly down 0.15% m-o-m).
China’s crude steel output fell below 80 million mt again in August Read More »
China’s finished steel exports reached 77.49 million tons from January to August 2025, marking a 10% year-on-year increase, according to the latest data released by the General Administration of Customs of China. In August alone, finished steel exports totaled 9.51 million tons, down 3.3% month-on-month but up slightly by 0.1% year-on-year. Meanwhile, China’s finished steel
China’s Steel Exports Rise 10% in the First Eight Months of 2025 Read More »
Iron ore prices rose for the third consecutive session, reaching their highest levels in several weeks, supported by expectations of improved demand in China, while rising steel inventories limited price gains. At the close of trading on Thursday, the most active iron ore contract for January 2026 delivery on the Dalian Exchange rose 1.65% to
Iron ore prices rise for the third consecutive session Read More »
Japan’s exports of iron and steel products fell by 3.8% in the January–July 2025 period, totaling 17.89 million mt, compared with the same period last year, according to data from the Japan Iron and Steel Federation (JISF). In July alone, Japan exported 2.63 million mt of steel products, up 4.4% month-on-month, but down 9.2% year-on-year.
Japan’s Steel Exports Decline in January–July 2025 Read More »
Baoshan Iron & Steel Co. (Baosteel) is in discussions with several potential partners to explore new steel investment opportunities, with a particular focus on Asia, the Middle East, and North Africa. In a statement published on its WeChat account during the announcement of its first-half results, attended by Chairman Zou Jixin and senior executives, the
China’s Baosteel Explores Expansion Opportunities in the Middle East Read More »
According to an official document reviewed by Reuters and a source familiar with the matter, China will seek to reduce its steel production between 2025 and 2026. The world’s largest steel producer pledged in March to restructure its massive sector by cutting output, but it did not disclose key details such as the scale of
China Seeks to Cut Steel Production in 2025 and 2026 Read More »
China’s steelmakers, the world’s largest producers, continue to show signs of improvement thanks to government efforts to reduce overcapacity, while exports have remained strong despite mounting trade restrictions. Last year, most mills suffered losses due to the property sector crisis, one of the key drivers of demand. This year, however, conditions have begun to improve
Recovery of Chinese Steel Companies Supported by Exports and Lower Raw Material Costs Read More »
South Korea’s steel exports to the United States plunged by 26% in July compared with the same month last year, weighed down by Washington’s tougher tariff measures, according to data from the Korea International Trade Association (KITA). South Korean news agency Yonhap reported that in June, U.S. President Donald Trump raised tariffs on steel and
South Korea’s Steel Exports to the U.S. Fall to Lowest Level Since 2021 Read More »
China’s semi-finished steel exports recorded a significant surge in July 2025, reaching 1.58 million mt — up 34.4% compared to June and posting a sharp year-on-year rise of 349%, according to China’s customs authorities. From January to July, China’s total semi-finished steel exports amounted to 7.47 million mt, marking an exceptional year-on-year growth of 309.7%.
Sharp Increase in China’s Semi-Finished Steel Exports in Jan.–July 2025 Read More »