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 »
In December 2025, Hoa Phat Group recorded sales of 585,000 tons of construction steel and high-quality steel coils, a 52% increase compared to the same period in 2024. Of this, high-quality steel coils used in the production of automobile tire treads, welding rod cores, prestressed cables, and mechanical engineering contributed approximately 60,000 tons. All branches
Vietnamese company Hoa Phat Group achieves record sales of Construction steel Read More »
OPEC+ countries have confirmed the suspension of the planned increase in oil production during the first quarter of 2026, reaffirming their commitment to supporting market stability amid expectations of a stable global economic outlook and strong market fundamentals, according to a statement issued by OPEC today. The OPEC+ meeting came a day after the arrest
OPEC+ Confirms Suspension of Oil Output Increase in Q1 2026 Read More »
The Turkish Steel Producers’ Association (TCUD) reported that Turkey’s steel imports increased by 11.8% year on year in the January–November 2025 period to 17.39 million tonnes, with a total value of $12.06 billion. The rise was mainly driven by higher imports from Russia and China. Imports from Russia surged by 44% to around 4.1 million
Türkiye’s steel imports increased in January-November 2025 Read More »
Oil prices fell on the first trading day of 2026 after posting their largest annual loss since 2020 last year, as investors weighed concerns over oversupply and geopolitical risks, including the war in Ukraine and Venezuela’s exports. Brent crude futures fell 10 cents to settle at $60.75 a barrel, while U.S. West Texas Intermediate crude
Oil Closes Lower After Its Biggest Annual Loss Since 2020 Read More »
The Russian government has announced a decision to impose export quotas subject to customs duties on shipments of iron scrap and mixed ferrous metals to countries outside the Eurasian Economic Union (EAEU), effective from January 1, 2026, until December 31 of the same year. The move aims to provide industrial companies with the opportunity to
India has decided to impose safeguard duties on certain steel imports at rates ranging between 11% and 12% for a period of three years, according to a decision issued by the Ministry of Finance. The move comes as part of the government’s efforts to curb the influx of low-priced imports, particularly those originating from China.
India Imposes Duties on Steel Imports from China Read More »
The Canada Border Services Agency (CBSA) has completed the expiry review of the anti-dumping duties imposed on rebar imports from China, South Korea, and Turkey, as well as the expiry review of the countervailing duties on the same product imported from China. The agency concluded that the expiry of these orders is likely to result
Canada Maintains AD Duties on Rebar Imports from China, South Korea, and Turkey Read More »
Iron ore futures prices climbed, supported by China’s pledge—the world’s largest iron ore consumer—to adopt more effective fiscal policies in 2026, boosting expectations for demand for the key raw material used in steelmaking. The most active iron ore contract for May 2026 delivery on the Dalian Commodity Exchange in China ended Monday’s trading up 2.6%,
Iron ore prices in China rise by more than 2% Read More »
Steel Authority of India Limited (SAIL), the largest public-sector steel producer in India, has awarded contracts to Danieli to supply advanced technologies for the expansion of the IISCO Steel Plant in Burnpur, West Bengal. The announcement was made during the Italy-India Business Forum in Mumbai, in the presence of H.E. Piyush Goyal, Minister of Commerce
Danieli Strengthens Its Presence in India with Major Project for SAIL Read More »
The length of China’s high-speed railway network has surpassed 50,000 kilometers of operational lines following the opening of a new route. State broadcaster CCTV explained that the new line connects Xi’an and Yan’an, both located in Shaanxi Province in northern China. China State Railway Group said in a statement on Friday that the country’s railway
China’s High-Speed Rail Network Exceeds 50,000 Kilometers Read More »
Global iron and steel markets witnessed a state of relative price stability during the fourth week of December 2025, with limited movements recorded for some products, according to data obtained by the Arab Iron and Steel Union. In the scrap market, prices of HS1&2 scrap (80:20 mix) imported from the United States to Turkey remained
Steel Prices in the Fourth Week of December 2025 Read More »
Customs data released by the Japan Iron and Steel Federation (JISF) showed that Japan’s exports of iron and steel products totaled about 2.40 million mt in November 2025, declining by 5.7% compared to October and by 3.6% year on year. During the January–November 2025 period, Japan’s exports of iron and steel products reached approximately 27.80
Japan’s Steel Exports Down 3.8% In January–November 2025 Read More »
China said on Friday it will continue to regulate crude steel production and prevent the illegal addition of new production capacity during the 2026–2030 period, in a move aimed at addressing market imbalances and controlling supply. China, the world’s largest producer and consumer of steel, halted growth in crude steel output in 2021 as part
China Tightens Grip on Steel Output Through 2030 Amid Oversupply Pressures Read More »
Ukraine’s ferrous scrap sector recorded notable growth in exports during the period from January to November 2025, with exports of iron and steel scrap increasing by 45.3% compared to the same period in 2024, reaching approximately 380.16 thousand tons. This volume has already exceeded last year’s total shipments by more than 86 thousand tons, according
Ukraine’s Scrap Exports Rise by 45% In January–November 2025 Read More »
ArcelorMittal has restarted steel production at its Fos-sur-Mer site in southern France following a fire that disrupted operations in early October. The site produced its first slab in mid-December after the restart of blast furnace No. 2, marking the resumption of steelmaking activities. The initial slab, produced for a Greek customer, measured 6 meters in
ArcelorMittal restarts steel production at French plant production after fire incident Read More »
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 140.1 million tonnes (Mt) in November 2025, a 4.6% decrease compared to November 2024. Africa produced 2.0 Mt in November 2025, up 7.4% on November 2024. Asia and Oceania produced 99.9 Mt, down 7.1%. The EU (27) produced 10.2
Global Crude Steel Production Declines by 4.6% in November 2025 Read More »
Xuân Thiện Group, one of Vietnam’s leading industrial groups, has signed a strategic investment and cooperation agreement with Primetals Technologies in Ninh Bình province, marking a significant step toward positioning Vietnam as a regional hub for high-quality steel production. Heavy Plate Production Line Primetals Technologies will act as the project’s technology partner, supplying advanced technological
Global steel markets recorded limited price fluctuations during the third week of December 2025, according to data obtained by the Arab Iron and Steel Union. Imported 2&HS1 steel scrap (80:20 mix) from the United States to Turkey remained stable at USD 369 per tonne CFR, with no week-on-week change.Meanwhile, the price of 62% iron ore
Steel prices in the third week of December 2025 Read More »
India’s iron ore and pellet exports rose sharply in November, climbing 27.2 percent month-on-month to 2.76 million metric tons (MT), supported by a rise in overseas buying interest. The volumes comprised 2.51 million MT of fines and lumps (up from 1.96 million MT) and 250,000 MT of pellets (210,000 MT last month). On a year-on-year
India: Iron ore and pellet exports jump 27 percent month-on-month in November 2025 Read More »
Canadian Prime Minister Mark Carney said that his country is unlikely to reach an agreement with the United States in the near term to reduce tariffs on sectors such as steel and aluminum. Carney explained that negotiations to lower tariffs on certain sectors will be integrated into talks over the United States–Mexico–Canada Agreement (USMCA), making
Canadian Prime Minister: No Near-Term Deal with the U.S. on Steel Tariffs Read More »
According to preliminary data from the US Census Bureau under the Department of Commerce, US rebar imports totaled 36,016 mt in August this year, down 40.8% month on month and 43.1% year on year. In value terms, rebar imports amounted to $19.7 million in August, compared with $33.0 million in July and $41.4 million in
US Rebar Imports Decline by 40.8% in August Read More »
Ukrainian steel companies recorded a significant drop in exports of semi-finished steel products during the January–November 2025 period. Export volumes fell by 30.5% compared with the same period of 2024, reaching approximately 1.22 million tons, according to data from the State Customs Service and analysis by the GMK Center. Bulgaria ranked as the leading destination
Ukraine’s semi-finished steel exports decline by 30.5% in January–November Read More »
JSW Vijayanagar Metallics Ltd. (JVML), a subsidiary of JSW Steel Ltd., one of India’s leading integrated steel producers, has commissioned a new 350-ton Ruhrstahl Heraeus (RH) unit from SMS group at Vijayanagar Works Steel Plant 4 in Toranagallu, India. This installation marks the world’s first operational combination of an RH Ladle Rocker with Fast Vessel
Oil prices declined at settlement on Tuesday, December 16, to their lowest levels since February 2021, amid ongoing concerns over excess supply and growing expectations of a potential peace agreement between Russia and Ukraine, which has reinforced forecasts of a possible easing of sanctions imposed on Moscow. Brent crude futures fell by $1.64, or about
Oil Prices Fall to Their Lowest Level in 4 Years Read More »
China’s crude steel production recorded a notable decline in November 2025, falling below 70 million tons to its lowest monthly level so far this year. According to data from China’s National Bureau of Statistics, crude steel output reached 69.87 million tons, down 10.9% year on year and 2.96% month on month. Pig iron production totaled
China’s Crude Steel Output Drops Below 70 Million Tons in November Read More »
Global steel markets recorded limited price fluctuations during the second week of December 2025, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 scrap (80:20 mix) imported into Turkey from the United States remained stable at USD 369 per ton CFR, reflecting a slight week-on-week increase of USD 1. As
Steel Prices in the Second Week of December 2025 Read More »
China’s Ministry of Commerce has announced that it will implement a steel export licensing system in an effort to control the record volumes of metal shipments flowing out of the country. The ministry said in a statement that exporters will be required to obtain a permit to ship a range of steel products starting January
China Imposes Restrictions on Steel Exports Read More »
Primetals Technologies and the Steel Authority of India Ltd. (SAIL) Bokaro Steel Plant have partnered to engineer a hydrogen gas injection system for a blast furnace at the facility in Bokaro Steel City, Jharkhand. The project focuses on integrating hydrogen gas injection technology at the blast furnace tuyere level. Primetals Technologies said it will engineer
Primetals Technologies Partners With SAIL Bokaro to Advance Green Steelmaking Read More »
South Korean Trade Minister Yeo Han-koo expressed concerns over the Canadian government’s plan to strengthen protective measures for its steel industry, which could negatively affect South Korea’s steel product exports, according to officials. During an online meeting with Canadian Trade Minister Mary Ng, Yeo conveyed his “deep concern” regarding Canada’s decision to implement the new
South Korea’s Trade Minister Voices Concern Over Canada’s Steel Protection Plan Read More »