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...

The company will use Minnesota Ore DR rollers American steel producer US Steel plans to add a new direct reduced iron (DRI) plant to the Big River Steel complex in Arkansas, according to Talk Business & Politics. Details, including the cost of the project and its implementation schedule, will be announced later. “The new DRI plant at the Big River Steel Works in Arkansas will position our mini-mill segment as a leader in advanced and sustainable steel production,” US Steel spokeswoman Amanda Malkowski told the publication. She added that this will strengthen US Steel’s advantage in the raw materials sector and domestic supply chain. The investment underscores the partnership with Nippon Steel. The DRI plant in Arkansas will use DR pellets from Minnesota Ore and produce DRI raw materials for electric arc ...

Production amounted to 72 million tons, declining for the fifth consecutive month In October 2025, Chinese steel companies reduced steel production by 12% compared to October 2024, to 72 million tons. Compared to the previous month, the figure fell by 2%. This is evidenced by data from the National Bureau of Statistics of the PRC, Bloomberg reports. This is the fifth consecutive monthly decline in production, resulting in steel production for January-October of this year falling to 818 million tons (-4% y/y). Weakening consumption in Asia’s largest economy is putting pressure on Chinese steel mills, forcing them to cut production. The prolonged downturn in the real estate sector and weaker industrial growth are reducing order volumes, while excess capacity and low margins are preventing prices from strengthening. Recent government signals about the n...