The international credit rating agency Fitch Ratings has revised its short-term forecasts for mining commodity prices upwards. The short-term forecast for iron ore prices in 2026 has been raised to $100/t (the previous estimate was $95/t). Analysts also expect the price of coking coal to rise to $220/t in 2026, compared with the previous estimate of $190/t.
More Steel News
Nucor has raised the price of hot-rolled coil to $1,105 per ton
United States   June 02,2026 06:00 AM
U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $10 per short ton compared to…
Prices on regional slab markets rose by $5–20 per ton in May
United States   June 01,2026 07:00 AM
Prices continued to rise across all regional slab markets in May, with increases mostly ranging from $5 to $20 per ton.…
U.S. Steel imports increase month over month in April
United States   May 29,2026 05:00 AM
The American Iron and Steel Institute (AISI) has reported that the U.S. imported 1.87 million net tons (NT) of steel in…
China's weak steel output, strong iron ore imports show structural shift
United States   May 26,2026 05:00 AM
The contrast between China's weak steel production but robust iron ore imports is continuing and is starting to look like…
India steel ministry pushes to end metallurgical coke tariffs, document shows
United States   May 22,2026 06:00 AM
India's Ministry of Steel has asked the finance ministry to withdraw anti-dumping tariffs on low-ash metallurgical coke…
Nucor raises HRC price to $1,090 per ton
United States   May 20,2026 12:00 PM
U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil—by $10 per short ton compared to…
South Africa sets higher steel import duties to shield struggling local sector
United States   May 19,2026 06:00 AM
South Africa has set higher import duties on certain steel products, ranging from 10% to 30%, to defend the struggling industry…
Iron ore prices have risen by 3.9% since the beginning of May
United States   May 18,2026 05:00 AM
As of May 15, 2026, iron ore prices (KORE 62% Fe/Qingdao) had risen by 3.9% compared to May 1, reaching $114.7/t CFR. Over…
The European hot-rolled coil market experienced a decline in April
United States   May 14,2026 06:00 AM
The global hot-rolled coil market showed mixed trends in April 2026. In the United States and China, prices continued to…
Nippon Steel expects $1.4 billion fiscal year profit as one-off items fade
United States   May 13,2026 08:00 AM
Nippon Steel, Japan's biggest steelmaker, on Wednesday said it expects its net profit for the year that ends in March to…
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