Global steel and raw material prices showed mixed trends during the third week of July 2026, according to data obtained by the Arab Iron and Steel Union. Scrap prices continued their slight decline, while iron ore and Chinese billet prices increased, whereas most other steel product prices remained stable. Imported HMS 1&2 (80:20) scrap prices […]
Steel prices in third week of July 2026 Read More »
Global iron and steel prices showed mixed trends in the second week of July 2026, according to data obtained by the Arab Iron and Steel Union (AISU). Australian iron ore prices increased, while several steel products and raw materials continued to decline. The price of imported HMS 1&2 (80:20) scrap in Turkey recorded a slight
Steel prices in the second week of July 2026 Read More »
Global steel and raw material prices remained under pressure in the first week of July 2026, according to data obtained by the Arab Iron and Steel Union. Scrap prices continued to decline, while iron ore, billet, and rebar prices fell across several major markets. Meanwhile, some products maintained stable price levels without significant changes. Imported
Steel prices in the first week of July 2026 Read More »
Global steel and raw material prices witnessed relative stability across most products during the fourth week of June 2026, according to data obtained by Arab Iron and Steel Union. Scrap prices continued their slight decline, while iron ore and billet prices maintained relative stability in most markets. Meanwhile, finished steel products recorded limited fluctuations between
Steel prices in the fourth week of June 2026 Read More »
Global steel and raw material markets recorded mixed movements in the week ending June 20, 2026, as scrap and iron ore prices continued their downward trend, while billet prices showed limited fluctuations in some markets, amid ongoing caution across global markets and close monitoring of demand developments. These movements reflect a continuation of market trends
Steel prices in the third week of June 2026 Read More »
Global iron and steel markets witnessed relative stability in most raw material and steel product prices in the second week of June 2026, with some limited declines recorded in billet and wire rod prices, according to data obtained by Arab Iron and Steel Union. Prices of HMS 1&2 (80:20 mix) scrap imported by Turkey from
Steel prices in the second week of June 2026 Read More »
Global steel and raw material prices recorded mixed movements in the first week of June 2026, with scrap and iron ore prices declining, while billet prices remained stable in some markets and certain finished steel products registered modest gains. This is according to data obtained by the Arab Iron and Steel Union. Imported HMS 1&2
Steel prices in the first week of June 2026 Read More »
Steel and raw material prices in global markets witnessed notable fluctuations during the fourth week of May compared to the previous week. Scrap, iron ore, and some finished steel products recorded declines, while Russian billet and Russian hot rolled coil prices posted slight increases, amid continued market caution and weak demand in several global markets,
Steel prices in the fourth week of May 2026 Read More »
Global market data showed slight movements in raw material prices during the third week of May, while some finished products recorded notable increases, particularly in Asian markets, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, the price of HS1&2 scrap (80:20 mix) exported to Turkey (CFR ex-USA)
Steel Prices in the third Week of May 2026 Read More »
Global iron and steel markets witnessed mixed price movements during the second week of May, as prices of raw materials and semi-finished products increased, while finished products showed mixed performance, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey
Steel Prices in the Second Week of May 2026 Read More »
Global iron and steel markets witnessed relative stability during the fourth week of January, with most prices remaining unchanged compared to the previous week, according to data obtained by the Arab Iron and Steel Union. In the raw materials market, prices of imported HS1&2 scrap (80:20 mix) into Turkey (ex-USA, CFR) stabilized at $376 per
Steel Prices in the Fourth Week of January 2026 Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 139.6 million tonnes (Mt) in December 2025, a 3.7% decrease compared to December 2024. Africa produced 1.9 Mt in December 2025, down 0.3% on December 2024. Asia and Oceania produced 99.7 Mt, down 6.3%. The EU (27) produced 9.9
Global Crude Steel Production Declines by 3.7% in December 2025 Read More »
The German Steel Association reported in its annual report that the crisis in Germany’s steel industry deepened in 2025, with only 34.1 million tons of crude steel produced—the lowest level since the global financial crisis year of 2009, when output stood at 32.7 million tons. The association noted that production declined by 8.6% compared with
German steel production falls to its lowest level since 2009 Read More »
Iron ore futures prices declined for the fifth session in a row, driven by increased shipments from Rio Tinto, the world’s largest iron ore supplier, alongside rising concerns over safety measures at Chinese plants, which have cast a shadow over demand expectations. The most actively traded iron ore contract for May delivery on China’s Dalian
Iron ore prices fall for the fifth consecutive session Read More »
BHP Group, the world’s largest mining company, produced 69.7 million tons of iron ore in the second quarter, marking a 5% increase compared with the same period last year, and reaffirmed its full-year production guidance. Copper output fell by 4% in the three months ended at the end of December, reaching 490,500 tons. The red
BHP boosts iron ore output amid pricing pressure from China Read More »
Rio Tinto and BHP have agreed to explore collaboration to extract up to 200 mln tons of iron ore from their neighboring Yandicoogina and Yandi operations in the Pilbara. Under two non-binding memoranda of understanding, the companies will assess joint development of Rio Tinto’s Wunbye deposit and the supply of ore from BHP’s Yandi Lower
Rio Tinto, BHP explore joint iron ore development in Pilbara Read More »
Global iron and steel markets witnessed relative price stability during the third week of January 2026, with some price movements recorded for certain products, according to data obtained by the Arab Iron and Steel Union. In terms of scrap and iron ore, prices for HS1&2 scrap (80:20) delivered to Turkey remained steady at $376 per
Steel Prices in the Third Week of January 2026 Read More »
Iron ore futures prices fell, heading toward weekly losses, amid weakening domestic demand for steel. The most actively traded May iron ore contract on China’s Dalian Commodity Exchange closed Friday’s session down 0.5%, settling at 812 yuan ($116.55) per ton. Meanwhile, on the Singapore Exchange, February iron ore futures declined by 1% to trade at
Iron Ore Prices Decline in China and Singapore Read More »
Ukraine reduced its iron ore exports by 8% year on year in 2025, reaching around 30.99 million tonnes compared with 2024, according to calculations by the GMK Center based on data from the State Customs Service of Ukraine. China remains the largest traditional importer of Ukrainian iron ore, with shipments totaling 16.41 million tonnes during
Ukraine’s iron ore exports declined by 8% in 2025 Read More »
China’s steel exports surged to an unprecedented level last month, capping a record-breaking year in which shipments defied mounting trade pressures and expectations of a slowdown. Data released by China’s General Administration of Customs showed that steel product exports rose to 11.3 million tonnes in December, surpassing the all-time high previously recorded in 2015. On
China’s Steel Exports Hit Record High Despite Global Pressures Read More »
India’s rolled steel exports recorded strong growth of 33% year-on-year during the period from April to December 2025, reaching around 4.8 million tonnes in the first nine months of the 2025/2026 fiscal year, according to preliminary government data cited by Reuters. During the same period, rolled steel imports totaled approximately 4.65 million tonnes. Total steel
India’s Rolled Steel Exports Rise 33% in April-December 2025 Read More »
Primetals Technologies is implementing a software upgrade across the entire Level 1 and Level 2 process control systems at voestalpine stahl’s BETA 2 pickling line and tandem cold mill (PLTCM) in Linz, Austria. This upgrade will strengthen IT security, increase system availability, and ensure that the PLTCM meets the latest standards in automation. Commissioning is
ArcelorMittal Méditerranée has invested nearly €245 million in environmental and ecological projects at its sites in France from 2014 to 2024, according to agronews.ua. The company managed to reduce the overall environmental impact of production by approximately 71%, particularly in indicators such as nitrogen and sulfur oxide emissions, dust, and dioxins. One of the key
ArcelorMittal invested €245 million in decarbonization in France over 10 years Read More »
In November last year, Turkey’s hot rolled coil (HRC) imports amounted to 397,772 metric tons, up by 26.6% compared to October and up by 8.6% year on year, according to preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the value of these imports totaled $210.81 million, increasing by 24.8% compared to the previous
Turkey’s HRC imports up 10.1% in Jan-Nov 2025 Read More »
Global iron and steel markets witnessed a state of relative price stability during the second week of January 2026, with limited price movements recorded for some products, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 steel scrap (80:20 mix) imported into Turkey from the United States stood at USD
Steel Prices in the Second Week of January 2026 Read More »
Pittini Group has awarded Danieli the contract for the modernization of the rolling mill at its SiderPotenza plant in Potenza, Italy. The project aims to enhance production efficiency reducing billet reheating gas consumption and overall CO₂ emissions, in line with Pittini’s sustainability strategy. The revamp will include a new rolling mill featuring 20 SHS cartridge
“Pittini” Selects “Danieli” to Modernize Steel Rolling Mill Plant in Italy Read More »
The UK Trade Remedies Authority (TRA) has revoked the tariff-rate quota (TRQ) exemption for imports of Category 13 steel products (rebar, HS codes 72142000 and 72149910) from Vietnam, following an investigation that revealed that Vietnamese volumes exceeded the 3% threshold for developing countries. During the investigation period from October 1, 2024, to September 30, 2025,
UK cancels import quota exemption for Vietnamese rebar Read More »
Australian media billionaire Kerry Stokes, in partnership with U.S.-based Steel Dynamics, has submitted an all-cash offer worth nearly $9 billion to acquire BlueScope, Australia’s largest steel producer, in a deal that would significantly expand Stokes’ industrial footprint. The bidders said they plan to split the company along geographic lines, with Stokes’ SGH group taking control
Oil prices fell at settlement on Tuesday for the second consecutive session after U.S. President Donald Trump said the United States had reached an agreement to import USD 2 billion worth of crude oil from Venezuela, a move that could increase supplies to the world’s largest oil consumer. Brent crude futures declined by 74 cents,
Oil prices fall more than 1% at settlement after Trump’s comments on Venezuela Read More »
Iron ore futures prices climbed to their highest level in several months, driven by hopes of improving demand in China, the world’s largest iron consumer, after Beijing pledged to ease monetary policy this year. The most-active May iron ore contract on China’s Dalian Commodity Exchange rose 4.1% on Wednesday to close at 828 yuan (USD
Iron ore prices in China rise to highest level since July Read More »