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China Files WTO Complaint Against Canada Over Steel Restrictions

China’s Ministry of Commerce announced on Friday that Beijing has filed an official complaint with the World Trade Organization (WTO) against Canada’s restrictions on steel imports and related products. In its statement, the ministry said Canada has violated WTO rules by imposing quotas on steel imports and applying what it described as discriminatory tariffs on […]

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Turkey’s Billet Imports Rise 59.2% in the First Half of 2025

In June this year, Turkey’s imports of billet and slabs reached 501,608 tons, up 5% compared to May and 202.3% higher than in June last year, according to preliminary data from the Turkish Statistical Institute (TUIK). The value of these imports in June stood at USD 245.01 million, marking a 4.6% month-on-month increase and a

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Iron Ore Prices Rise After Steel Plant Shutdowns in China

Iron ore prices climbed in Asian trading, supported by news of a temporary shutdown of several steel plants in China, the world’s largest steel producer and consumer, due to air pollution concerns. Chinese consultancy Mysteel reported that some steel mills in the city of Tangshan have been ordered by authorities to halt production starting August

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India Moves to Tighten Rules to Curb Substandard Steel Imports

India plans to impose stricter standards for granting advance authorisations on steel imports, aiming to limit the influx of large volumes of substandard inputs into the domestic market. According to the Economic Times, citing informed officials, there have been instances of steel being sold in the local market that does not meet the Bureau of

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JSW and JFE invest $669 million to expand electrical steel production in India

India’s JSW Steel and Japan’s JFE Steel have announced a joint investment of 58.45 billion rupees (approximately $669 million) to increase cold-rolled electrical steel production at two plants in India, according to Reuters, citing JSW’s stock exchange disclosure. Electrical steel is a key material in the energy sector, particularly in transformer manufacturing, due to its

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Malaysia: Closure of Two Steel Companies in Tangerang Over Environmental Violations

The Malaysian Ministry of Environment (KLH) has announced the closure of two iron and steel smelting companies in the Jatiuwung area of Tangerang, Banten Province, after they were found to have caused severe environmental pollution and committed regulatory violations, including the lack of exhaust gas emission control systems. Environment Minister Hanif Faisal Nurofik, during the

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Steel Prices Fluctuate in the Second Week of August Amid Supply and Demand Volatility

The global markets for raw materials and steel products witnessed notable price fluctuations in the second week of August 2025, driven by mixed supply and demand indicators and the impact of regional economic and trade factors. Scrap (mix 80:20) prices remained stable at $347 per ton CFR Turkey, ex-USA, recording a slight increase of $1

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Rio Tinto Expresses Doubts About the Future of Green Steel in Australia

Reuters reported that global mining company Rio Tinto has raised concerns about the feasibility of developing the green steel industry in Australia, pointing to the lack of sufficient economic incentives to support efforts to decarbonize steel production. The company explained that implementing such projects in Australia faces significant challenges, most notably the high construction costs,

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Turkey’s Rebar Exports Rise by 28.2% in the First Half of 2025

Turkey’s rebar exports recorded a significant increase in the first half of 2025, rising by 28.2% compared to the same period last year, reaching 2.02 million mt, according to data from the Turkish Statistical Institute (TUIK). The total value of these exports reached USD 1.1 billion, marking a year-on-year increase of 20.4%. In June alone,

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Trump Imposes Additional 25% Tariffs on India

U.S. President Donald Trump on Wednesday signed an executive order imposing additional tariffs of 25% on Indian goods, in response to “India’s continued purchase of Russian oil,” according to a statement by the White House on the X platform. This new tariff is in addition to a previous 25% duty scheduled to take effect starting

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German Finance Minister Calls for Steel Export Quotas During Visit to Washington

German Finance Minister Lars Klingbeil on Monday called for the inclusion of a quota system on steel exports as part of the ongoing trade agreement negotiations between the European Union and the United States, during his official visit to Washington, where he is scheduled to meet with U.S. Treasury Secretary Scott Bessent. In a radio

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Cancellation and Downsizing of Green Hydrogen Projects Due to High Costs and Weak Demand

Developers of green hydrogen projects around the world have begun scaling back investments and cancelling several projects, as high production costs and weak demand for this low-carbon fuel have rendered many initiatives economically unfeasible. Europe In June, energy company LEAG announced an indefinite postponement of its plans to build one of Europe’s largest green energy

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Global steel prices remain largely Stable in the first week of August

Global steel and iron product prices showed relative stability during the week ending August 2, 2025, while some raw materials and semi-finished products experienced minor fluctuations. Steel scrap (HMS 1&2 mix 80:20) imported to Turkey from the USA remained unchanged at $346/ton CFR. On the other hand, iron ore (62%) from Australia continued its decline,

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Despite Japan’s H1 Export Decline, HRC Shipments Surpass 5.5 Million mt

Japan’s exports of iron and steel products declined by 2.8% in the first half of 2025, totaling 15.26 million mt, compared to the same period last year, according to data from the Japan Iron and Steel Federation (JISF). In June 2025, Japan’s iron and steel exports reached 2.52 million mt, marking a slight 0.2% decrease

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India’s Tata Steel Reports 116% Surge in Net Profit in Q1 FY 2025–2026

India’s Tata Steel announced on Thursday, July 31, 2025, that its consolidated net profit for the first quarter of the fiscal year 2025–2026 (April–June) soared by 116%, reaching INR 20.78 billion (approximately USD 237.13 million) compared to the same period last year. Despite the significant rise in profits, the company’s consolidated revenue declined by 3%,

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ArcelorMittal’s Q2 Profit Rises Despite Declines in Sales and Production

ArcelorMittal, the Luxembourg-based steel and mining giant, reported a significant increase in net profit for the second quarter of this year, despite lower sales, production, and shipment volumes. According to the German Press Agency (dpa), net profit attributable to shareholders surged to $1.79 billion, up from $504 million in the same period last year. Basic

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Chinese Steelmakers See Profit Recovery Amid Efforts to Curb Overproduction

China’s steelmakers have begun to see a recovery in profits over the past month, with signs pointing to further improvement in the second half of the year — provided the government follows through on its commitments to address overcapacity. According to data released by the National Bureau of Statistics on Sunday, profits from ferrous metal

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European Calls to Impose 50% Tariffs on Steel Imports

France and ten other European Union member states have called on Brussels to introduce new measures to protect the steel industry, as negotiations continue over export quotas allowed into the U.S. market. In a document published on Monday, the eleven countries — including Spain and Poland — stated that the European Commission should consider imposing

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Global Steel Product Prices Rise in the Fourth Week of July 2025

Global steel product prices saw a general upward trend during the fourth week of July 2025, driven by improved demand and reduced supply in key markets. Key Price Movements: Iron scrap (80:20 mix) imported from the United States to Turkey registered a slight decrease of $1, settling at $346 per tonne CFR. Iron ore (62%)

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Global DRI output up 1.7% in June 2025

News, steel Statistics / user

Recent data from the World Steel Association (worldsteel) shows that direct reduced iron (DRI) production in 13 countries, representing approximately 87% of global DRI production in 2024, reached approximately 11.05 million tons in June 2025. Despite this slight increase of 1.7% compared to the same month last year, production recorded a significant decline of 8.9%

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World crude steel production decreased by 5.8 % in June 2025

News, steel Statistics / user

World crude steel production for the 70 countries reporting to the World Steel Association (worldsteel) was 151.4 million tonnes (Mt) in June 2025, a 5.8% decrease compared to June 2024. Africa produced 1.7 Mt in June 2025, up 3.0% on June 2024. Asia and Oceania produced 112.9 Mt, down 6.2%. The EU (27) produced 10.4

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Brazil’s Vale Records Highest Quarterly Iron Ore Production Since 2021

Brazilian mining company Vale beat analysts’ expectations for iron ore production in the second quarter of 2025, driven by record performance from its flagship mine in the Amazon. The company announced in a report released Tuesday that it produced 83.6 million metric tons of iron ore during the three months ending June 30, exceeding analysts’

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Tokyo: Additional US tariffs on steel and aluminum will remain at 50%

Japanese negotiator Ryusei Akazawa announced Wednesday that the additional 50% tariffs imposed by the United States on Japanese steel and aluminum imports are not included in the “massive” trade agreement he just concluded with the Trump administration. “If you ask me whether the agreement applies to steel and aluminum, the answer is no,” Akazawa told

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US Steel Prices Rise After Tariffs Double

US steel companies raised their product prices during the second quarter of 2025, following the Trump administration’s decision to double tariffs on steel imports from 25% to 50%, according to a report from The New York Times. The report, published Tuesday, stated that the average price per ton for Steel Dynamics was $1,134 in the

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EU is considering additional retaliatory measures if a trade deal with the US is not reached

EU diplomats said the bloc is considering a wide range of potential retaliatory measures against the United States as the chances of reaching an acceptable trade agreement with Washington diminish. Diplomats say that a growing number of EU members, including Germany, are now considering a broad package of measures that would allow the bloc to

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JSW Steel’s net profit rises 158% in Q1 of 2025

JSW Steel Q1 Results: JSW Steel, said its consolidated net profit for the first quarter of the ongoing financial year 2025-26 (Q1 FY26) stood at INR 21.84 billion (USD 253.53 million), a growth of 158% year-on-year compared to INR 8.45 billion in the year-ago quarter. The revenue from operations of INR 431.47 billion was slightly

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US HRC Imports Up 50.8% in May 2025

US imports of HRC increased by 50.8% in May 2025 compared to April, reaching 129,667 metric tons, according to preliminary data from the US Department of Commerce. Despite the monthly rise, this figure reflects a 10.9% year-on-year decline from May 2024. The value of HRC imports reached $91.7 million in May, up from $62.7 million

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Steel prices in the third week of July 2025

According to the prices announced in the global steel markets, scrap prices amounted to $347/ tonne,$2 up compared to to last week’s prices. and iron ore prices $102/ tonne, $1cup compared to to last week’s prices. While the prices of billets ranged between 430 – 455 Dollars per tonne, while it was between 430 –

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Two Chinese and Indian companies selected Danieli Breda steel extrusion technology

To address the increasing demand of the market for stainless steel and Corrosion Resistance Alloy (CRA) pipes, mainly for oil and gas, chemical, food processing, and automotive applications, two companies relied on Danieli for their investments. Chinese company Zhejiang Jiuli Hi-Tech Metals reconfirmed its trust in Danieli Breda by ordering a new, 20-MN steel extrusion

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Iron ore prices rise to two-month high

Iron ore futures prices rose, driven by Beijing’s intention to reduce excess industrial capacity as part of its efforts to improve steel companies’ profit margins. Expectations of new incentives to support the real estate sector also boosted demand prospects in China. On Thursday, the September iron ore contract on the Dalian Exchange rose 1.3% to

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