Steel&Metal News

US Mills Mixed Last Year in Financial Statement

Nucor Steel posted the black last year on the positive effect of investment in facilities, but Clevland Cliffs saw a net loss on the battered demand for auto sheet. In detail, Nucor Steel’s sale revenue was $3,249.4 million adding about 6 percent over year and sales volume headed into the outside co
Stainless Distributors Choose Price Lift other than Quantity

Korea stainless service centers are prioritizing sales volume in general rather than price led marketing but appear to focus on the price disciplines just prior to the Lunar New Year holiday break. They strive to address the increased stainless prices lately on their sale price while making the best
Japan Straightly Slows Steel Export 2 years

Last year was down in steel export shipped by Japan posting 2 years slow in a row. According to the Japan Iron and Steel Federation, the 2025 steel export totaled 30.39 million tons and their value was $28.513 billion. These accounted for slips by 4.2 percent and 9.1 percent year on year lower respe
Stainless Market Expects 2nd Rally as Further Price Lift Looms

Korean stainless industry pays attention to the potential of further price increase toward real end-users by POSCO which took the price raise by 200,000 won a ton on the 300 series headed into domestic real end-users in mid-January. The consequences turned bullish in price on not only real end users
Japanese Rebar Consumption Crashed under 6.0M tons Last Year

Korean steel rebar consumption fell sharply lately running short even 6.0 million tons domestically. Likewise, Japan’s light steel bar that is used for reinforcing steel bar dropped 6.7 percent last year posting 5.86 million tons. The trend repeated the first half of the year which decreased 6.5 per
Wire Rod Price Keeps on Hold Despite Export Comeback in Manufacturing

The Korean steel wire rod prices remain weak on the surging import from China amid the continuing uncertainty trigged by Trump risks, construction recession in spite of the export rebound in the manufacturing sector other than shipbuilding and petrochemical while the semiconductor posts a historical
Steel Pipe Distributors Minimize Stocks on High Interest Rate

Korea steel pipe and tube distributors are making effort to hold back on stock pileup in order to cushion the impact of high interest rate and the stalling construction business. According to steel pipe industry sources, the financial expenses are mostly affecting the management of domestic steel pi