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Global Steel Demand Expected to Stabilize in 2025 with a Slight Increase in 2026

News, Public Reports / user

According to the latest report issued by the World Steel Association (worldsteel) on global steel demand for 2025 and 2026. Global steel demand in 2025 is projected to be flat compared to 2024, reaching about 1,750 million tonnes (Mt). A modest rebound of 1.3% is forecast for 2026, pushing global demand to 1,773 Mt. Alfonso Hidalgo […]

Global Steel Demand Expected to Stabilize in 2025 with a Slight Increase in 2026 Read More »

China’s Steel Exports Rise by 9.2% in the First Nine Months of 2025

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

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ArcelorMittal Shuts Down Fos-sur-Mer Blast Furnace After Major Fire

On October 8, 2025, a significant fire broke out at ArcelorMittal’s Fos-sur-Mer plant, one of France’s largest integrated steel facilities. The fire began on two conveyor lines carrying raw materials to the steelmaking shop and quickly spread to nearby structures, according to local reports. Internal fire brigades, supported by local emergency teams, battled the flames

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SMS Group to supply advanced tube production line to Maruichi in Japan

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,

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Steel Crisis .. China’s Production Ignites a Global Tariff Race

News, Public Reports / user

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

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Turkey’s billet imports up 58.1% in January–August 2025

In August this year, Turkey’s imports of billet and bloom totaled 378,190 tons, down 16.5% compared to July but up 38.6% year on year, according to preliminary data released by the Turkish Statistical Institute (TUIK). The value of these imports reached $187.79 million, decreasing by 15.5% compared to the previous month, but increasing by 26.4%

Turkey’s billet imports up 58.1% in January–August 2025 Read More »

EU Steel Tariff Hike Sparks Fears of a Major Crisis in the UK Industry

The UK steel industry has warned of what could become the biggest crisis in its history, following the European Union’s decision to cut tariff-free import quotas by 47% compared to 2024 and to double import duties on steel exceeding those quotas from 25% to 50%. Gareth Stace, Director General of the trade association UK Steel,

EU Steel Tariff Hike Sparks Fears of a Major Crisis in the UK Industry Read More »

EU Imposes 50% Tariffs on Steel Imports

The European Union has introduced a new package of steel import tariffs aimed at protecting its struggling industry, in a move that mirrors the protectionist policies of former US President Donald Trump. In a statement released on Tuesday, the European Commission announced that the bloc will impose a 50% tariff on steel imports exceeding the

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Germany’s Thyssenkrupp Cancels Joint Steel Venture with Czech Group EPH

German company Thyssenkrupp has announced the cancellation of its planned joint venture in the steel sector with the Czech group EPH, owned by businessman Daniel Křetínský. The company said in a statement on Thursday that talks between the two sides were mutually terminated. EPH currently holds a 20% stake in Thyssenkrupp Steel Europe (TKSE), and

Germany’s Thyssenkrupp Cancels Joint Steel Venture with Czech Group EPH Read More »

European Commission Proposes Cutting Steel Import Quotas

The European Commission is preparing to introduce a new proposal aimed at halving steel import quotas and raising tariffs on volumes exceeding these quotas to 50%, according to sources cited by Reuters. This proposal is part of a new steel sector package set to be unveiled by the Commission on October 7. Stefan Sejourné, the

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China Temporarily Bans All Iron Ore Shipments from BHP

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

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BHP boosts iron ore capacity with $1.4 billion port upgrade

BHP has approved a $1.4 billion infrastructure project to boost iron ore export capacity at Port Hedland. The project will install a sixth car dumper and new conveyors to increase unloading capacity and reduce downtime during the scheduled equipment update in the fiscal year 2029. This upgrade aims to raise equipment availability from the current

BHP boosts iron ore capacity with $1.4 billion port upgrade Read More »

Steel prices in the fourth week of September 2025

Global steel prices remained relatively stable this week, with only minor fluctuations observed across some products. Scrap: Prices of HS1&2 scrap (Mix 80:20) in Turkey stood at $340/ton CFR, recording a slight weekly increase of $5, reflecting continued demand for imported scrap from the USA. Iron ore: Prices of 62% iron ore in Australia decreased

Steel prices in the fourth week of September 2025 Read More »

EU to Address Trump Administration over Steel and Aluminum Dispute

EU Trade Commissioner Maroš Šefčovič revealed on Friday that the European Union is preparing to send a letter to U.S. President Donald Trump’s administration over the weekend, outlining detailed proposals to resolve trade disputes related to steel and aluminum, according to Asharq Al-Awsat. Concluding his visit to Southeast Asia, Šefčovič stressed that the EU aims

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Japan’s Steel Scrap Exports Up 16.2% in January–August 2025

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

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Oil Prices Rise 1%, Post Strongest Weekly Gains Since June

Oil prices closed higher on Friday (September 26, 2025), gaining over 1% and marking their strongest weekly performance since mid-June. Brent crude for November delivery rose 1% to $70.13 a barrel, while West Texas Intermediate gained 1.1% to $65.72, with weekly increases of 5.2% and 5.3%, respectively. The rally was driven by an unexpected drop

Oil Prices Rise 1%, Post Strongest Weekly Gains Since June Read More »

India Raises Steel Exports by 22% in April–August 2025

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 »

Global crude steel production increased by 0.3% in August 2025.

News, steel Statistics / user

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 145.3 million tonnes (Mt) in August 2025, a 0.3% increase compared to August 2024. Africa produced 1.8 Mt in August 2025, down 3.8% on August 2024. Asia and Oceania produced 107.7 Mt, up 0.4%. The EU (27) produced 8.8

Global crude steel production increased by 0.3% in August 2025. Read More »

China’s semi-finished steel exports up 292% in January-August 2025

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 : Tata Steel signs gas supply deal with GAIL

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

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Steel prices in the third week of September 2025

Global steel markets witnessed mixed price movements during the third week of September 2025. Australian iron ore (62% CFR China) increased by USD 1 to reach USD 106 per ton, while cold-rolled flat steel coils (1 mm, FOB China) rose by USD 3, ranging between USD 550–560 per ton. On the other hand, scrap (HS1&2

Steel prices in the third week of September 2025 Read More »

Construction begins on SSAB’s fossil-free steel mill in Sweden

SSAB has officially launched the construction of its new steel mill in Luleå, Sweden, marking a significant step toward a more sustainable steel industry. The groundbreaking ceremony was attended by Sweden’s Deputy Prime Minister and Minister for Energy, Business and Industry, Ebba Busch, along with SSAB’s CEO, Johnny Sjöström. The new mill, with an annual

Construction begins on SSAB’s fossil-free steel mill in Sweden Read More »

China’s Steel rebar Exports Surge in January–August 2025

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

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Iron Ore Prices Decline Amid Weak Demand in China

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 »

US steel imports down 9.8% in July 2025

Preliminary data from the US Department of Commerce showed that steel imports into the United States in July 2025 totaled 2,034,212 metric tons, marking a 9.8% decline compared to June and a 6.9% drop year on year. In terms of value, imports reached $2.19 billion, compared to $2.13 billion in June and $2.72 billion in

US steel imports down 9.8% in July 2025 Read More »

Ukraine’s Flat Steel Exports Exceed 1.1 Million Tons in January – August 2025

From January to August 2025, Ukrainian steelmakers reduced their flat rolled steel exports by 1.5% compared to the same period in 2024, reaching around 1.1 million tons, according to State Customs Service data analyzed by GMK Center. More than 80% of these exports consisted of hot-rolled flat products (HS code 7208), totaling 911.94 thousand tons,

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China’s crude steel output fell below 80 million mt again in August

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 »

Steel prices in the second week of September 2025

In the second week of September 2025, global iron and steel markets witnessed mixed price movements, with most products remaining stable while some recorded slight increases and others a limited decline. The price of steel scrap (HS1&2 mix 80:20) imported by Turkey from the USA fell by USD 5 to settle at USD 338/ton CFR.

Steel prices in the second week of September 2025 Read More »

Eurofer: EU Trade Deficit in Finished Steel Widens in Q2 2025

According to the Economic and Steel Market Outlook 2025–2026 / Q3 2025 report issued by the Economic Committee of the European Steel Association (Eurofer), the EU’s steel exports to external markets fell by 12% year-on-year in the second quarter of 2025, following a modest 1% increase in the first quarter. Exports of finished and flat

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Decline in Global Oil Prices

Global crude oil prices fell by around 2% on September 11, driven by concerns over a potential slowdown in U.S. demand and rising oversupply in global markets. In its monthly report, the International Energy Agency (IEA) indicated that global oil supply is expected to grow at a faster pace than previously forecast, supported by OPEC+

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