Industry News
Global crude stainless steel production increased by 6.2% year-on-year in the first quarter
The latest data from the World Stainless Steel Association shows that in the first quarter of 2025, the global total crude stainless steel production reached 15.547 million tons, an increase of 6.2% over the same period in 2024, but a decrease of 6.0% from the fourth quarter of 2024, showing a seasonal adjustment trend.
China's stainless steel production, imports, exports and apparent consumption data for May 2025 released
On June 30, the statistics of the output, import and export, and apparent consumption of crude stainless steel in Chinese Mainland in May 2025 are published as follows
Tata Steel plans to produce at least 10 million tons of crude steel from scrap steel in the next 10 to 15 years
Tata Steel Netherlands joins low-emission steel standard group
In May, the prices of flat products and coils in the international steel market fell across the board.
In the North American steel market, US users continue to wait and see due to high inventory, causing the price of hot-rolled coil to face continuous downward pressure. After the 25% Section 232 tariff was fully implemented, Turkish and Vietnamese suppliers lowered their quotations in order to seize market share.
Global crude steel production in May 2025 is 158.8 million tons, down 3.8% year-on-year
In May 2025, global crude steel production for the 70 countries/regions included in worldsteel statistics was 158.8 million tonnes, a decrease of 3.8% year-on-year.
In mid-June, the social inventory of steel continued to decline slightly
In mid-June, the social inventory of five major steel varieties in 21 cities was 7.76 million tons, a decrease of 100,000 tons from the previous month, a decrease of 1.3%, and the inventory continued to decline slightly
Danieli helps SSAB of Sweden produce hot-rolled steel in fossil-free mini-mill
Recently, SSAB and Danieli officially signed a contract. Danieli will build a new mini-process steel mill for SSAB in Luleå, Sweden.
Weekly Summary of Raw Materials Market
Last week, the prices of various varieties in the domestic raw material market were stable with a slight decline.
Trump approves Nippon Steel's $14.9 billion acquisition of U.S. Steel
On June 13, US President Trump formally approved Nippon Steel Corporation's acquisition of U.S. Steel Corporation for US$14.9 billion.
China's crude steel output fell 1.7% year-on-year in January-May 2025
In May 2025, China's crude steel output was 86.55 million tons, a year-on-year decrease of 6.9%; pig iron output was 74.11 million tons, a year-on-year decrease of 3.3%; and steel output was 127.43 million tons, a year-on-year increase of 3.4%.