The window of opportunity will remain open only for 2026 and 2027 Chinese steel will lose its price advantage in Europe with the introduction of the cross-border carbon adjustment mechanism. These forecasts are provided by Jingzhe Liu, project development manager at Jingzhe Environment & Climate, representing the CBAM researchers group. Many market participants assume that a 2.5% reduction in the benchmark for free emissions in the first year of CBAM will result in insignificant losses. However, the addendum to the implementation regulation, which has been leaked to the public, with benchmarks proves that the main costs will be related to other reasons. According to Jingzhe’s estimates, direct emissions from Chinese factories per ton of steel are 2.1 tons of CO2 equivalent, while the benchmark for free hot-rolled coil (HRC) is 1.494 tons of CO2. Th...

Turkish steelmakers are boosting sales to foreign markets, increasing the share of exports in the market structure In January-October 2025, Turkish steelmakers increased steel exports by 12.6% compared to the same period in 2024, to 12.54 million tons. Export revenues rose to $8.49 billion (+4.1% y/y). This is according to data from the Turkish Steel Producers Association (TCUD), as reported by SteelOrbis. The main driver of the positive dynamics was the finished products segment. Deliveries of long and flat products increased by 10.9% y/y and 11% y/y, respectively, to 6.57 million tons and 5.48 million tons. Exports of semi-finished products amounted to almost 498,000 tons. In October 2025, Turkey increased its steel exports by 18.7% year-on-year to 1.17 million tons. In monetary terms, shipments increased by 8.2% y-o-y and exceeded $785 million. The streng...

Negative dynamics are observed only in China In early November, the global hot-rolled coil (HRC) market is showing a predominantly upward trend. Prices are rising in the EU and the US amid more stable demand and reduced supply, while China, on the contrary, remains under pressure from seasonal decline and competition in export markets. EU In Europe, hot-rolled coil prices have been rising since early November. In particular, offers in Western Europe and Italy increased by 1.7% between October 31 and November 21, 2025, to €610/t Ex-works and €605/t Ex-works, respectively. At the same time, import offers in Southern Europe rose by 5.3% to €500/t CIF, the highest level since early October. The gradual recovery in prices in November was due to a combination of supply and demand factors. On the producers’ side, the main driver was negot...

The increase in cost applies to all new orders The American division of Swedish steel manufacturer SSAB has announced a price increase of at least $40 per short ton for all its metal products, according to SMU. The company has informed its customers that the price adjustment applies to all new non-contract orders with shipments starting on January 4, 2026. At the same time, the company will continue to apply existing surcharges, including regional freight premiums. The decision was announced following a similar move by another major US thick plate producer, Nucor. The company announced yesterday that it is also raising prices for flat products by $30/ton with the opening of the order book for January. The rise in prices in recent weeks indicates growing market pressure on manufacturers to restore margins. SSAB Americas announced that it had closed non-contr...

Agreements between relevant organizations will expand a common approach to measuring and classifying greenhouse gases The non-profit organization ResponsibleSteel announced partnerships with the China Iron and Steel Association (CISA) and the European Low Emission Steel Standard (LESS) at COP30. The agreements between the parties, whose activities cover about 60% of global steel production, are an important step toward internationally agreed carbon standards. They extend a common approach to measuring and classifying greenhouse gases. “By bringing together some of the world’s largest steel industries, the agreements pave the way for increased investment, green procurement, technology sharing, and international cooperation in sustainable steel production,” ResponsibleSteel said in a statement. The agreements also send a signal to g...

During January-October, the indicator grew by 3.1% y/y In October 2025, Italian steel companies increased steel production by 2.2% compared to October 2024, to 1.99 million tons. Compared to the previous month, the figure increased by 6%. This is evidenced by data from the industry association Federacciai, SteelOrbis reports. During January-October, steel production by Italian steelmakers increased by 3.1% compared to January-October 2024, reaching 17.26 million tons. Flat steel production in October decreased by 2.6% compared to October last year and by 12.2% month-on-month, to 779,000 tons, while long steel production increased by 11.6% year-on-year and remained at the previous month’s level, at 1.2 million tons. In January-October, flat steel production increased by 4.7% y/y – to 7.6 million tons, and long steel production increased by 4.4% &nd...