Global steel markets showed mixed price movements during the second week of November 2025, with some products recording increases while others declined. Turkish scrap (mix 80:20) rose by $4 for the second consecutive week to $355 per ton CFR, supported by stronger demand from Turkish mills. In contrast, iron ore (62%) imported from Australia fell […]
Steel prices in the second week of November 2025 Read More »
Global steel and mining giant ArcelorMittal recorded a net profit of $2.97 billion in the first nine months of 2025, marking a 72.1% increase compared to the same period in 2024, according to the company’s latest financial report. Despite the rise in profit, the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) declined by
ArcelorMittal Reports $2.97 Billion Net Profit for January–September 2025 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 »
German Chancellor Friedrich Merz on Thursday voiced his country’s support for European Union proposals to raise tariffs on imported steel, as the bloc struggles with an influx of cheap imports, particularly from China. Following meetings with senior figures in the steel industry in Berlin, Merz said: “These proposals are a step in the right direction.”
German Chancellor Backs EU Plan to Protect Steel Industry from Chinese Imports 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 »
Iron ore continued its decline for the sixth consecutive day, marking its longest daily losing streak since August, as China’s steel industry enters a seasonal slowdown and optimism fades over the U.S.-China trade truce. The key steel-making metal fell to $102.65 per ton, down more than 4% since last Wednesday’s close, ahead of the meeting
Iron Ore Drops for Sixth Consecutive Day, Longest Losing Streak Since August 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 »
In September 2025, Turkey recorded a 7.6% year-on-year increase in steel product exports, reaching 1.4 million tons, according to data from the Turkish Steel Producers Association (TCUD). Despite the rise in volume, the export value slightly declined by 0.2%, amounting to $900.5 million. Over the first nine months of 2025 (January September), Turkey maintained strong
Turkey increased steel exports by 12.1% in January-September 2025 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 »
Global iron and steel markets witnessed relative stability during the first week of November 2025, with limited price movements compared to the previous week, according to data obtained by the Arab Iron and Steel Union. Prices of scrap HS1&2 (80:20 mix) imported by Turkey from the United States on a CFR basis stood at $351
Steel Prices in the First Week of November 2025 Read More »
Thyssenkrupp has appointed company executive Marie Jaroni as the new CEO of its steel business to replace Dennis Grimm, who agreed to leave the division, the company said on Friday. Jaroni comes to the role, effective November 1, after a brief tenure as the steel unit’s chief sales officer and chief transformation officer, following various
Thyssenkrupp names Marie Jaroni as new steel boss Read More »
Australia’s steel sector is drawing criticism for focusing its decarbonisation efforts on natural gas rather than the global trend toward green hydrogen, according to a briefing which warns this risks locking the country into uncompetitive, high-emission technology. Kallanish notes from the Institute for Energy Economics and Financial Analysis (IEEFA) that while developed nations are prioritizing replacing
Report : Australia’s steel sector trapped by gas focus: IEEFA Read More »
A report published by Deloitte revealed that the broad U.S. tariffs imposed by President Donald Trump are expected to increase operating costs, disrupt supply chains, and weaken investment momentum in the oil and gas industry by 2026. The energy sector relies heavily on global supply chains, with internationally sourced materials such as drilling rigs, valves,
Report: U.S. Tariffs to Delay Oil and Gas Projects into 2026 Read More »
Turkish rebar producers have kept their export prices unchanged from last week, despite persistently weak demand in foreign markets. According to recent data, Turkish mills’ export offers on Thursday stood at $550–555 per tonne fob Türkiye for rebar and $555–565 per tonne fob for mesh-quality wire rod, remaining at the same levels as the previous
Turkish Steel Producers Maintain Prices Despite Weak Demand 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 »
Brazilian mining giant Vale produced 94.4 million metric tons (mt) of iron ore in the third quarter of 2025, marking a 3.8% increase compared with the same period in 2024. In contrast, pellet production fell by 22.8% year-on-year to 8.0 million mt. According to the company, the rise in iron ore output represents Vale’s strongest
Vale Reports Higher Iron Ore Output in Q3 2025 Read More »
Data showed that DRI output in 12 countries — representing about 85% of total global production in 2024 — reached 11.05 million mt in September 2025, marking an increase of 2.8% month-on-month and 4.9% year-on-year, according to the World Steel Association (WorldSteel). During the period from January to September 2025, global DRI production totaled 95.37
Global DRI production increased by 4.9% in September 2025 Read More »
Global steel markets showed limited price fluctuations during the fourth week of October 2025, according to data obtained by the Arab Iron and Steel Union. Prices of HS1&2 scrap (80:20 mix) imported by Turkey from the United States remained stable at $352 per ton CFR, marking a slight decrease of $1 compared with the previous
Steel prices in the Fourth week of October 2025 Read More »
Iron ore prices declined as Chinese steel mills continued to face profit pressures amid an uncertain demand outlook in the world’s largest steel-consuming market. Futures in Singapore fell by 1.4% to $103.20 per ton, heading for a second consecutive weekly loss. Bloomberg Intelligence reported that the $100 per ton support level is under growing pressure
World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 141.8 million tonnes (Mt) in September 2025, a 1.6% decrease compared to September 2024. Africa produced 2.0 Mt in September 2025, up 8.2% on September 2024. Asia and Oceania produced 102.9 Mt, down 2.1%. The EU (27) produced 10.1
Global Crude Steel Production Declines by 1.6% in September 2025 Read More »
As part of its new investment program “Sestao 1.6”, aimed at achieving carbon neutrality, increasing production capacity, and expanding its product portfolio, ArcelorMittal Sestao has selected Danieli to supply a new fume treatment plant and a vacuum degassing unit for its mill in Vizcaya, Basque Country, Spain. The installation of the new fume treatment plant,
ArcelorMittal Sestao contracts Danieli to upgrade dust removal system 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 »
The Canadian government has announced tariff exemptions on several steel and aluminum products imported from the United States and China, as part of efforts to support local companies affected by trade tensions with both countries, according to Reuters. Prime Minister Mark Carney is leading negotiations with U.S. President Donald Trump, who imposed tariffs on Canadian
Canada Opens the Door to Tariff Exemptions to Support Its Struggling Economy 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 »
Global steel product prices showed slight fluctuations during the third week of October 2025, with some products recording limited increases, while others remained stable at previous levels. According to data obtained by the Arab Iron and Steel Union (AISU), the price of steel scrap (mix 80:20) imported by Turkey from the United States rose to
Steel prices in the third week of October 2025 Read More »
German steelmaker Salzgitter has reached a major automation milestone with the implementation of SMS Group’s X-Pact Centerline Control system at its seven-stand hot strip mill at Salzgitter Flachstahl GmbH. The project forms part of a wider modernization package ordered in 2024 aimed at improving product quality and operational stability. According to SMS Group, the X-Pact
SMS Group Modernizes Hot Strip Mill for Salzgitter Read More »
Ukraine’s imports of flat products increased by 13.1% year-on-year during the period from January to September 2025, reaching 832.2 thousand tons, according to data from the State Customs Service of Ukraine and estimates by GMK Center. Coated flat steel products (HS code 7210) accounted for about 50% of total imports, amounting to 409.42 thousand tons,
Ukraine’s Imports of Flat Products Rise by 13.1% in January–September 2025 Read More »
Iron ore prices declined on Friday amid growing worries about a slowdown in global demand due to escalating trade tensions between the United States and China. On the Singapore Exchange, October iron ore futures fell by 0.9% to $104 per ton as of 10:55 a.m. Mecca time, heading for weekly losses of more than 2%.
Iron Ore Prices Set for Weekly Losses Amid Demand Concerns Read More »