According to the prices announced in the global steel markets, scrap prices amounted to $340/ tonne,$3 down compared to to last week’s prices. and iron ore prices $97/ tonne, unchanged compared to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430– 455 dollars […]
Steel prices in the second week of June 2025 Read More »
US tariffs have returned to the spotlight in Europe, with US President Donald Trump’s decision to impose a 50% tariff on steel and aluminum imports to the United States, up from 25%. The decision was part of an executive order signed by Trump on Tuesday, declaring that this step aims to protect American industry from
Trump’s steel tariffs take effect… and Britain is temporarily exempted. Read More »
In a discovery that marks a turning point in the mining sector, massive iron ore deposits have been found in a remote area of Western Australia, with an estimated market value of approximately $6 trillion. These deposits, located in the Hamersley region, known for its mineral wealth, have been found to contain the world’s largest
Australia : World’s largest iron ore reserve discovered, estimated at 55 billion tons Read More »
A new presidential decree entered into force in Turkey on May 31, 2025, comprehensively updating the government investment support system, with a particular focus on the strategic steel sector, according to a statement issued by the Turkish Steel Producers Association (TCUD). The decree aims to support investments in the steel industry under five main axes,
Turkey Updates Government Incentives for Steel Sector Investments Read More »
Iron ore futures prices fell amid market concerns about the repercussions of trade tensions between the United States and China, after data showed a sharp decline in Chinese manufacturing activity to its lowest level in more than two years. The most widely traded iron ore contract for September delivery ended Tuesday’s session on the Dalian
Iron ore prices decline as China’s industrial activity slows Read More »
US President Donald Trump’s announcement that he would double tariffs on steel and aluminum imports to 50% has sparked widespread concern in Canada, the largest steel supplier to the US market. The Canadian Steel Producers Association described the decision as “catastrophic,” warning of the potential loss of thousands of jobs and significant disruption to supply
Canada warns of economic crisis due to Trump’s doubling of steel tariffs Read More »
The Korean government held an emergency meeting with major domestic steelmakers today to discuss the impact of the US plan to double its tariffs on all steel imports to 50% later this week, Yonhap News Agency reported. The meeting, hosted by the Ministry of Trade, Industry and Energy, was attended by officials from POSCO Group,
Korean government holds emergency meeting to address planned US steel tariff increase Read More »
The Indian government is considering raising the safeguard duty on steel to 24% from the existing 12% due to concerns about potential circumvention by Chinese companies and the impact on domestic steelmakers. This move comes amid fears of trade diversion as Chinese goods face increased levies in other markets. “We have received complaints from Chinese
India mulls doubling safeguard duty on steel from 12% to 24% Read More »
The European Commission expressed “deep regret” on Saturday over US President Donald Trump’s announcement that he intends to raise tariffs on steel imports to 50 percent, warning that the EU is prepared to impose countermeasures. Trump announced on Friday his intention to double tariffs on steel and aluminum imports from 25 to 50 percent, increasing
EU denounces US steel tariff hike, threatens countermeasures Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $343/ tonne,$4 down compared to to last week’s prices. and iron ore prices $97/ tonne, $2 down compared to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 420– 455
Steel prices in the first week of June 2025 Read More »
US President Donald Trump said on Friday he intends to increase tariffs on foreign steel imports from 25% to 50%, increasing pressure on global steel producers and threatening to expand his trade war. “We’re going to increase it by 25%,” Trump said during a rally in Pennsylvania. “We’re going to increase the tariffs on steel
Trump says he plans to double steel tariffs to 50% Read More »
Habaş A.S., located near Izmir, Turkey, continues its stride towards modernization and expansion. Following the project start of the pickling line/tandem cold mill (PLTCM) in October 2021, Habaş progressed with the next phase of their partnership with SMS group in April 2023 when the second part of the contract package came into force and marking
SMS Group Announces Integrated Testing of Habaş’s Cold Rolling and Processing Complex Read More »
The U.S. Department of Commerce (DOC) announced the final results of its periodic review of anti-dumping duty (AD) imports of welded stainless steel pressure pipe (WSSPP) from Malaysia, Thailand, and Vietnam. The Department explained that rescinding the duty on these products from the three countries would likely result in the continuation or recurrence of dumping
US to Continue Anti-Dumping duty on welded stainless steel from Three Countries Read More »
US President Donald Trump criticized a court ruling on Thursday that suspended the “reciprocal” tariffs imposed since early April on all goods exported to the United States, while Beijing urged the White House to “completely repeal” them. While the three judges at the US Court of International Trade did not object in their ruling to
Trump criticizes court ruling against tariffs, China calls for their repeal Read More »
Global scrap consumption decreased 1% in 2024 compared to 2023, to 460.6 million tons, according to data from the Bureau of International Recycling (BIR), which covers about 76% of global steel production. This decline comes amid a slight decline in total global steel production of 0.7% year-on-year, to 1.55 billion tons, indicating a relative decline
Global scrap consumption to decline to 460 million tons in 2024 Read More »
Iron ore futures prices fell as markets assessed the possibility of a cut in steel production in China, which could weaken demand for the ore, a key component of the steel industry. During Tuesday’s trading on the Dalian Exchange in China, the most active iron ore contract for September delivery ended the session down 1.75%
Iron ore prices fall on concerns about Chinese steel production cuts Read More »
In April 2025, Chinese steelmakers that are members of the CISA industry association increased their total emissions by 18.3% compared to April 2024. This is evidenced by the association’s data. Despite the increase, emissions of sulfur dioxide, particulate matter and nitrogen oxides in exhaust gases decreased by 8.6%, 4.7% and 11.2% y/y, respectively. The total
Emissions in China’s steel industry increased by 18.3% y/y in April Read More »
President Donald Trump said he has agreed to postpone the imposition of 50% tariffs on European Union imports until July 9, the latest in a series of announcements of imminent tariffs that have rattled markets and then subsequently backed down. Trump explained that he had a “very nice” call with European Commission President Ursula von
Trump Postpones Imposing 50% Tariffs on EU Until July 9 Read More »
In January-April 2025, the Ukrainian long products market showed a significant increase in imports, up 81.1% year-on-year – to 70.78 thousand tons. This is evidenced by GMK Center’s calculations based on the State Customs Service data. Angles, shaped and special profiles (HS 7216) accounted for the bulk of supplies, amounting to 31.11 thousand tons, up
Ukraine increased imports of long products by 81.1% in Jan.-Apr. 2025 Read More »
According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 85,753 mt in February this year, up 85.9% month on month and down 11.5% year on year. By value, rebar imports totaled $52.3 million in March this year, compared to $30.8 million in February and $59.7 million in March
US rebar imports down 11.5% in March 2025 Read More »
In a move aimed at strengthening domestic industry and stimulating the job market, US President Donald Trump announced his approval of a strategic partnership between Japan’s Nippon Steel and US Steel to produce steel in the United States. Trump explained in a post on Truth Social on Friday that this deal will contribute to the
Trump Gives Green Light to Nippon Steel-US Steel Merger Read More »
Tata Steel has completed Phase II of its expansion project at Kalinganagar in Odisha, increasing the plant’s crude steel capacity from 3 to 8 mln tons per annum. This brings the company’s total steelmaking capacity in India to 26.1 mln tons per year. The upgraded Kalinganagar facility features advanced technologies focused on sustainability, efficiency, and
Tata Steel completes 5 MT expansion project at Kalinganagar Read More »
World crude steel production for the 69 countries reporting to the World Steel Association (worldsteel) was 155.7 million tonnes (Mt) in April 2025, a 0.3% decrease compared to April 2024. Africa produced 1.9 Mt in April 2025, up 6.3% on April 2024. Asia and Oceania produced 115.0 Mt, up 0.1%. The EU (27) produced 11.1
World crude steel production decreased by 0.3 % in April 2025 Read More »
India’s steel exports increased by 11.7% year-on-year – to 725.54 thousand tons in April this year. Compared to March, these volumes decreased by 2.7%, according to BigMint. In April, the country reduced supplies to the United States and Saudi Arabia, but increased exports to the EU, reaching a 13-month high of more than 358 thousand
India increased steel exports by 12% y/y in April Read More »
In April this year, China’s outputs of pig iron, crude steel, and finished steel totaled 72.58 million mt, 86.02 million mt, and 125.09 million mt, increasing by 0.7%, remaining stable, and rising by 6.6%, respectively, all on a year-on-year basis, as announced by China’s National Bureau of Statistics (NBS). Nevertheless, compared to March, crude steel
China’s crude steel production fell 7% in April, m-o-m Read More »
In the January-April period this year, China’s exports of steel bars totaled 5.71 million mt, up 48.1% year on year, while wire rod exports amounted to 940,000 mt, up 10.8% year on year, according to the Chinese customs authorities. At the same time, China’s export volumes of angles/channels came to 2.22 million mt in the
China’s steel bar exports increase by 48.1% in January-April 2025 Read More »
Amid political pressure and national security concerns, Japan’s Nippon Steel has raised its investment offer to $14 billion in a desperate bid to secure US approval for its acquisition of US Steel, the venerable company founded in 1901 and an industrial icon in the electorally vital state of Pennsylvania. According to a document reviewed by
Japan’s Nippon Steel Raises Bid to $14 Billion to Save US Steel Deal Read More »
According to preliminary census data from the US Department of Commerce, US monthly steel imports in March this year were up 11.6% from February and down 0.6% year on year to total 2,271,358 metric tons. In terms of value, US steel imports in March totaled $2.61 billion, compared to $2.30 billion in February and $2.77
US steel imports up 11.6% in March 2025 Read More »
According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne, $7 up compared to last week’s prices. and iron ore prices $101/ tonne, $3 up compared to last week’s prices. While the prices of billets ranged between 420 – 455 Dollars per tonne, while it was between 420– 450
Steel prices in the third week of May 2025 Read More »
In a joint letter, a coalition of manufacturers, investors, and climate groups called on the Chancellor of the Exchequer Rachel Reeves to reduce electricity prices to unlock growth, boost electrification, and secure the UK’s place in the global clean economy. Among the signatories to the letter are industry association UK Steel and steel producer 7
British industry calls for lower electricity prices Read More »