The increase amounted to $14/t and was the first since September Baoshan Iron & Steel (Baosteel), a subsidiary of China Baowu Steel Group, is raising its list prices for hot-rolled carbon steel coil (HRC) for domestic sales in January 2026 by 100 yuan per ton ($14/t). This was reported by Mysteel Global, citing an announcement by the steel producer. The price increase for January sales is the first since September. This decision may be explained by a reduction in production by steel mills to reduce supply, as well as an improvement in the domestic steel market. It should be recalled that since the beginning of November, the global hot-rolled coil market has shown a predominantly upward trend. In the EU and the US, prices rose amid more stable demand and reduced supply. China, on the contrary, remained under pressure from the seasonal downtu...

The company intends to expand its product portfolio, particularly in the long steel segment The board of directors of Indian steel producer Tata Steel has approved a series of decisions regarding future capital expenditures in the country, according to The Hindu. It plans to expand the capacity of Neelachal Ispat Nigam Ltd. (NINL) in Odisha by 4.8 million tons per year (first phase). This move will allow Tata Steel to increase its long-rolled product portfolio, especially in the highly profitable retail segment. In addition, the funds necessary for design and engineering work to create a 2.5 million tonne per year thin slab casting and rolling facility at the Tata Steel Meramandali steel plant in Odisha have been approved, as well as the process of obtaining all necessary regulatory approvals. The company also intends to establish a hot-rolled pickling...

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...