According to preliminary census data from the US Department of Commerce, showed a significant decline in US imports of hot-rolled coils (HRC) in April 2025. Imports totaled 85,971 mt , a 28.6% decrease compared to March and a 53.5% decrease compared to the same month in 2024. The total value of these imports also decreased […]
US Rolled Steel Coil Imports and Exports Decline in April Read More »
Global stainless steel production increased by 6.2% in the period from January to March 2025 compared to the same period in 2024, reaching 15.55 million tons. However, this production decreased by 6.2% compared to the fourth quarter of 2024, according to data from the World Stainless Steel Organization. In Europe, including Ukraine, stainless steel production
Global stainless steel production increased by 6.2% in Q1 of 2025 Read More »
The German Ministry of Economics expressed its regret over the decision of steelmaker ArcelorMittal to abandon its plans to transition to climate-neutral production at its plants in Bremen and Eisenhüttenstadt, Germany. In response to a question on the matter, the ministry said in a statement: “This decision is a private business decision of the company
Germany regrets ArcelorMittal’s abandonment of climate-neutral steel production Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $342/ tonne, $2 up compared to to last week’s prices. and iron ore prices $96/ tonne, $1 down compared to to last week’s prices While the prices of billets ranged between 435 – 460 Dollars per tonne, while it was between
Steel prices in the fourth week of June 2025 Read More »
China’s National Bureau of Statistics (NBS) showed varying levels of production of various steel products in the period from January to May 2025. Long steel products declined, while flat steel production increased. In May alone, China produced: Rebar: 16.884 million tons (down 6% year-on-year) wire rod: 12.016 million tons (down 1.2%) Welded pipe: 5.463 million
Variations in China’s Steel Product Output from January to May 2025 Read More »
Canada has threatened to escalate its tariff action against the United States, announcing that it is considering imposing additional tariffs on US steel and aluminum imports starting next month, amid stalled trade talks between the two countries. The United States currently imposes 50% tariffs on foreign steel and aluminum imports, while Canada retaliates with 25%
Canada Threatens to Impose Tariffs on US Steel and Aluminum Imports Read More »
German iron and steel exports to the United States registered a slight decline as a result of new US tariffs, according to the Federal Statistical Office. Iron and steel exports fell 0.4% year-on-year during the period from January to the end of April, reaching approximately €1.3 billion. The United States began imposing additional tariffs of
US Tariffs Restrict German Iron and Steel Exports to the US Market Read More »
Nippon Steel has completed its $14.1 billion acquisition of United States Steel Corp., ending an 18-month effort to merge the American and Japanese steelmakers, according to a statement from the companies on Wednesday. The $55-per-share cash deal creates the world’s second-largest steelmaker and makes the combined entity a formidable competitor in the US steel industry.
Japan’s Nippon Steel Acquires US Steel for $14.1 Billion Read More »
Iron ore prices fell for the fifth consecutive day, continuing their downward trend amid a weak Chinese steel market. Futures contracts for the steelmaking material fell to their lowest levels since April, reaching $92 per ton this week. The price continues to decline as traders assess market fundamentals and lower Chinese demand for rebar. Iron
Iron ore prices fall for fifth day to lowest since April Read More »
thyssenkrupp Steel has contracted Primetals Technologies to modernize the slab sizing press at its hot-strip mill No. 2 in Duisburg, Germany. Previously, Primetals Technologies had successfully upgraded its hot-strip mill No. 4. The overhaul includes a full upgrade of the electrical and drive systems, with a new cycloconverter for the main press motor and low-voltage
thyssenkrupp Steel selects Primetals for hot-strip mill modernization Read More »
Iron ore prices headed to their lowest close since last September, amid a seasonal slowdown in demand and signs that Chinese mills are cutting steel production. Futures fell for the fourth consecutive day in Singapore, falling below $93 per ton. Shanghai Metals Market explained in a note to clients that the rainy season in southern
Iron ore prices head to lowest level since September on demand concerns Read More »
India’s crude steel production in May rose by 9.5% year on year, reaching about 13.51 million tons. Finished steel production also rose by 9.6% compared to the same month last year, reaching about 13.15 million tons. This growth in domestic production is partly attributed to the government’s imposition of a 12% safeguard duty on steel
India’s Crude Steel Output Rises in May Amid by safeguard Read More »
In April 2025 alone, Turkey’s HRC imports totaled 228,297 tons, a sharp YoY drop of nearly 40%. HRC imports were also down 24% as compared to previous month, According to data from the Turkish Statistical Institute (TUIK). Turkey imported 1.07 million tons of HRC in the first four months of 2025, marking a 28% decline
Turkey’s HRC imports down 28% in Jan-Apr 2025 Read More »
China’s crude steel output fell significantly in May, as companies in the sector continued to reduce production, in line with the Chinese government’s efforts to limit supply in the market. Data from the National Bureau of Statistics indicated that crude steel production fell 6.9% year-on-year to 86.55 million tons, following an unexpected decline in April.
China’s crude steel output falls sharply in May Read More »
The China Iron and Steel Association (CISA) has announced that in early June (June 1-10) this year, the average aggregate daily crude steel output of large and medium-sized steel enterprises in China – all CISA members – totaled 2.159 million metric tons, up 3.2% compared to late May (May 21-31) this year. In late May
China’s crude steel production and stocks rose 3.2% in early June Read More »
JSW Steel, one of India’s largest steel producers, has announced an investment of nearly $2 billion to implement an ambitious decarbonization program. This program aims to reduce carbon dioxide emissions by 42% by 2030, compared to 2005 levels, according to GMK. The program is based on several key pillars, including expanding the use of renewable
JSW Steel Allocates $2 Billion to Reduce Carbon Emissions Read More »
US President Donald Trump issued an executive order on Friday approving the merger of US Steel and Japan’s Nippon Steel, after the two companies signed a national security agreement with the US government. US Steel and Nippon announced that the national security agreement will grant the US government a “golden share,” which stipulates specific commitments
Trump approves US Steel merger with Japan’s Nippon Steel Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne, unchanged compared to last week’s prices. and iron ore prices $96/ tonne, $1 down compared to to last week’s prices While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430– 455
Steel prices in the third week of June 2025 Read More »
Oil prices jumped more than 7% at the end of trading on Friday, June 13, 2025, hitting their highest levels in nearly five months and posting strong weekly gains. This came after Israel launched a strike against Iran, significantly escalating tensions in the Middle East and raising concerns about oil supply disruptions. Israel announced targeting
Oil prices jump above $74, posting strong weekly gains Read More »
On June 24, the US Trade Commission will begin investigating a complaint filed by major US steel producers seeking anti-dumping duties on rebar imports from producers in four countries, including Egypt and Algeria. This complaint threatens both countries with millions of dollars in losses. Major US steel producers have filed a complaint against some steel
The World Bank has predicted that the global economy will experience its slowest decade of growth since the 1960s due to the impact of Donald Trump’s tariffs. Growth forecasts for nearly two-thirds of the world’s countries have been lowered compared to the Bank’s last forecast six months ago. The Bank expects global growth of only
World Bank predicts worst decade for global growth since Trump’s tariffs Read More »
In April this year, Turkey’s billet and bloom imports amounted to 268,490 metric tons, up 37.5% compared to March and down by 2.7% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these imports totaled $136.81 million, increasing by 40.1% compared to the previous
Turkey’s billet imports up 8.9% in January-April Read More »
China’s steel exports rose 9.9% year-on-year in May 2025, to 0.58 million tons, and 1.1% compared to April, according to data from the General Administration of Customs, cited by Reuters. This is the highest figure in seven months and the third consecutive month that exports have exceeded 10 million tons. Analysts attribute this growth to
China’s steel exports rise 9.9% in May 2025 Read More »
ArcelorMittal has inaugurated a new 20 million tonnes per annum concentrator in Nimba Province, Liberia. The event was attended by President Joseph Bokai of Liberia and Executive Chairman Lakshmi Mittal, according to a press release. The project is the centerpiece of the second phase of ArcelorMittal’s large-scale investment program worth $1.8 billion, bringing its total
US and Mexico are nearing a deal that would remove U.S. President Donald Trump’s 50% tariff on steel imports up to a certain amount, according to people familiar with the matter. This would be a modification of a similar agreement between the two trading partners during Trump’s first term. Trump has not been directly involved
US and Mexico are nearing a deal to ease steel tariffs Read More »
China’s iron ore imports in May missed expectations, dropping 4.9% from April, as mills exercised caution in buying seaborne cargoes in anticipation of slower steel consumption, according to Reuters. The world’s largest iron ore consumer brought in 98.13 million metric tons of the key steelmaking ingredient last month, data from the General Administration of Customs
China May iron ore imports fall on expectations of slow demand Read More »
In April this year, Turkey’s wire rod exports amounted to 47,983 metric tons, down by 74.1% compared to March and up by 17.2% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $28.69 million, decreasing by 73.4% compared to the previous
Turkey’s wire rod exports down 13.6% in January-April Read More »
Steel imports into the European Union declined in the first quarter of 2025, although volumes remain historically high. According to the European Steel Association (EUROFER), total imports—including semi-finished products—fell by 9% year-on-year. Meanwhile, imports of finished steel products decreased by only 1% compared to the same period in 2024. The trend varied across product categories.
EU Steel Imports Decline by 9% in Q1 2025 Read More »
The Australian-British mining group Rio Tinto has announced the official opening of its new Western Range mine. Western Range, a joint venture between Rio Tinto and China’s Baowu (54% and 46%, respectively), has a production capacity of 25 million tons of iron ore per year. As noted, the $2 billion project was completed on time
Rio Tinto and Baowu officially open Western Rang mine Read More »
In April this year, Turkey’s hot rolled coil (HRC) exports amounted to 290,626 metric tons, down by 12.3% compared to March and up by 66.6% year on year, according to the preliminary data provided by the Turkish Statistical Institute (TUIK). Meanwhile, the revenue generated by these exports totaled $173.70 million, decreasing by 7.7% compared to
Turkey’s HRC exports up 54.2% in January-April Read More »