Category: Steel
Get the latest steel industry news including export data, price trends, and global market shifts.
US Tariffs Pose Challenges to European Carmakers’ Steel Demand
US tariffs on European steel and automotive products are expected to reduce steel demand in Europe’s automotive…
China’s Steel Production Hits 10-Month High in March
China’s steel production reached a 10-month high in March 2025, driven by exports and rising industrial demand despite…
Indian Rebar Prices Surge in Early April Amid Market Optimism
Rebar prices in India increased by $12 per ton in early April 2025, with expectations of further price hikes…
India’s Strategy to Boost Domestic Scrap Production
India is increasing domestic scrap production to reduce reliance on imports, strengthen its steel industry, and promote…
Turkey Reduces Iron & Steel Imports from Ukraine by 64% in Q1 2025
Turkey reduced iron and steel imports from Ukraine by 64% in Q1 2025. The majority of imports were iron ore and…
Vale Reports 4.5% Decrease in Iron Ore Production in Q1 2025, Despite Sales Growth
Vale’s iron ore production dropped by 4.5% in Q1 2025, but the company’s sales grew by 3.6%, supported by strong…
Turkey Exhausts EU Steel Import Quotas for Q2: A Strategic Shift in Steel Trade
Turkey has exhausted several EU steel import quotas for Q2 2024, particularly for rebar, wire rod, and…
Nucor Cuts Hot Rolled Coil Prices for the First Time in 2024
Nucor has lowered its hot rolled coil prices for the first time in 2024, signaling potential shifts in U.S….
Global Stainless Steel Production Increased by 7% in 2024
Global stainless steel production rose by 7% in 2024, led by China’s continued dominance and strong output from Asia.
POSCO Explores Partnership with Hyundai Steel for $5.8 Billion Steel Plant in Louisiana
POSCO is considering joining Hyundai Steel’s $5.8 billion project in Louisiana to build a steel plant. This potential…
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