Industry News
Global Steel Market Size & Outlook, 2024-2030
The global steel market size was estimated at USD 1,816,420.0 million in 2024 and is projected to reach USD 2,121,457.9 million by 2030, growing at a CAGR of 2.6% from 2025 to 2030.
Steel Pipe Market size was valued at USD 78.54 Billion in 2024 and is projected to reach USD 104.39 Billion by 2033, exhibiting a CAGR of 3.6% from 2026 to 2033.
April Sees Rebound in Carbon Steel Stocks at Chinese Mills
Inventories of the five major carbon steel products held by the Chinese steel mills sampled in Mysteel's regular survey mounted during the April 4-10 week after the continuous fall over the previous six weeks, the latest Mysteel data show.
ErametComilog decreases the May Mn ore prices to China
ErametComilog, a major manganese ore exporter from Central Africa's Gabon, has declared its price of Mn 44.5% Gabonese lump at $4.8/dmtu CIF China for May shipment in 2025, a decrease of $0.3/dmtu m-o-m.
India: Iron ore fines export index falls $3/t w-o-w amid US-China tariff tensions
Iron ore export prices fell this week, as renewed US-China tariff tensions dampened global market sentiment, weighing heavily on Indian seaborne activity.
NDRC: China's bullish steel sentiment cools in April, but support remains
The bullish sentiment evident in China's steel market in March is expected to experience a slight softening in April, though upward momentum remains unabated, according to the latest steel sector survey released by the National Development and Reform Commission (NDRC) on April 11.
Near-term outlook on China's steel products
Hot-rolled coil: This price is expected to continuously fluctuate in the week through April 18.
Baosteel holds HRC list prices steady for May sales
On one hand, steady steel demand among end users for their immediate production needs is provides Baosteel with support to maintain its prices, argued a Shanghai-based market analyst.
Hot-rolled plates may have a lower dimensional accuracy compared to cold-rolled plates
Hot-rolled plates are a fundamental component in various industries, including construction, manufacturing, and automotive.
Cold rolled coil (CRC) is an essential product in the steel industry, known for its exceptional surface finish and tight tolerances.


