This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. Chinese steel export prices remained rangebound on persistently weak demand. Indian hot-rolled (HR) coil export prices fell amid elevated freight rates and European caution, while Turkish HR coil export prices came under pressure from EU quota exhaustion. […]
Chinese steel maker Jingye insisted that the British government halt its takeover of longs producer British Steel.
The British government has taken longs producer British Steel back into public ownership, arguing it will protect the future of steel production in the UK.
Steel export prices will remain under downward pressure across most major regions, due to seasonal demand weakness, intensifying competition, and the redirection of trade flows following the EU's revised tariff-rate quota (TRQ) system.
On July 1, CRU launched a US Galvalume coil benchmark price to serve this growing market.
Read the latest CRU Outlook on global sheet prices and the market for the coming months.
CRU's Josh Spoores takes a deep dive into the HR futures market.
South Korean conglomerate Posco, which has expanded far beyond its original steel making activities, is to concentrate on expanding in business areas which support industrial security and supply chain resilience, Posco Chairman Chang In-hwa said.
Washington added long steel producer Antillana de Acero and state-owned mining company Geominera to its list of sanctioned companies in Cuba.
CRU: Tight market balance will drive up US steel plate prices, while weak demand and lower CBAM costs will pull European prices down. Weather risks will shape Asian markets, from Chinese rain disruptions to uneven Indian monsoons.
Iran and the US have signed an agreement to extend the current ceasefire for 60 days. CRU analysts discuss key aspects of the deal.
For the next month, CRU forecasts that iron ore demand will fall m/m while metallurgical coal to be stable.
Sheet prices in the USA continued to move higher over the past month as supply remained tight in the country
The start-up of an EAF at Port Talbot, south Wales, could be 12 months later than planned.
Global output will remain broadly flat this year, with further downgrades in Europe due to ongoing costs, regulatory, and competitive pressures, as well as a weaker economic outlook and rising inflationary pressures.
Steelmaker Tyasa has launched the first stage of a $250 million special bar quality (SBQ) at its Ixtaczoquitlan plant in Veracruz, central Mexico
Steel imports could become even more prohibitive, facing even higher tariffs, pending the outcome of the Trump administration’s Section 301 investigation.
There is increasing evidence that the current La Niña weather phenomenon is coming to an end, and that we are quickly moving into an El Niño cycle already in the next few months.
US domestic steel prices continued to increase for most products as demand remained resilient amid tight supply. Domestic sheet and plate prices increased over the past month, while long products prices were mostly stable, with only structural and merchant bar prices edging up higher.
After a brief dip last month, iron ore prices have resumed their upward trajectory as the war in the Middle East escalates. Elevated costs have established a new pricing norm, keeping iron ore prices firm even as current levels exceed what supply‑demand balance would justify. Meanwhile, Simandou is finally gaining momentum after a slow start. Quality remains the decisive factor for steelmakers sourcing from the seaborne market, reshaping trade flows.
inancially burdened Baffinland Iron Mines is applying for shelter from creditors under Canada’s Companies’ Creditors Arrangement Act (CCAA).
This item was first published by CRU. To learn about CRU’s global commodities research and analysis services, visit www.crugroup.com. The uptrend in sheet prices is expected to continue in the coming month in most markets amid elevated energy and freight costs stemming from the Middle East conflict. Europe will buck the trend as demand in the […]
Multiple risks continue to cloud the automotive outlook, including semiconductor shortages, tariff uncertainty, weaker demand, policy changes, geopolitical disruption, the war in Iran, supply-chain shocks, protectionism, cost pressures, and intensifying competition.
CRU: 62% Fe iron ore prices remained rangebound in April following the surge in the first half of March.
After another historic turnout in 2025, and on the heels of our best Tampa Steel Conference in February, the buzz around SMU’s Steel Summit 2026 is picking up.
Conditions in the US market remain tight as domestic demand is holding up with support from border wall projects and data center investments. The supply side has struggled to keep pace with weak import volumes, impacting the market.
Steel output will carry on in Iran despite repeated US-Israeli air strikes on key industrial sites, including the Mobarakeh and Khuzestan steel companies, according to a senior Iranian industry official.
The Middle East conflict continues to be the principal factor in rising prices, as its impact is now being felt throughout the supply chain. Coated sheet prices have borne the larger brunt of the impact. This is despite...
APAC steel prices are expected to rise due to high energy and freight costs stemming from the Middle East conflict. Imports will remain subdued in the EU due to rising freight rates but are expected to pick up marginally in the USA.
The ongoing conflict in the Middle East has led to higher and more volatile energy prices, and impacts on numerous other commodity markets – in particular fertilizers and aluminum. If disruption to Middle Eastern supply continues, this will have a serious negative impact on the global economy.