Swedish steelmaker SSAB approved a SEK 3.3 billion (~USD 349 million) investment in a new quenching and tempering line at its Oxelösund plant, with production starting in 2030 and initial capacity of about 100,000 tonnes per year. The line will expand SSAB Special Steels’ output of Hardox 500Tuf wear steel and Armox armour steel — […]
The European Parliament gave final approval to the EU’s new steel safeguard regulation on 19 May 2026, voting 606 in favour, 16 against, with 39 abstentions, replacing the safeguard measures that expire on 30 June. The new rules cut tariff-free import quotas to 18.3 million tonnes per year, a 47 percent reduction versus 2024, and […]
Italian processor Marcegaglia raised its stainless welded pipe prices on May 18, 2026, driven by rising raw material, energy, and logistics costs, combined with CBAM pressures. This adjustment spans all structural and ornamental tubes across Europe to offset inflation. The move follows a wave of European stainless price rises after CBAM definitive-phase kick-in on 1 […]
Poland’s Military Property Agency (AMW) and state-owned coal group Węglokoks completed joint ownership of Huta Częstochowa steelworks, with the transaction finalizing 18 May 2026. This step aims to enhance state oversight of the steelworks and ensure the long-term security of production capacity for critical steel products essential to the defense sector. The proposed ownership structure […]
The December 2026 EU ETS allowance contract traded between €74 and €77 per tonne in the first half of May 2026, according to ICE settlement data, after a brief spike above €92 in January. The price stability follows EU Commission signals on adjusting the Market Stability Reserve. Quarterly CBAM certificate prices for Q1 2026 are […]
Commodity trader Glencore launched deep-water scrap-metal shipments from the EU to Türkiye in June 2026, partnering with Polish transshipment firm Lebal. Türkiye is the world’s largest ferrous scrap importer, with annual imports of 18–20 million tonnes feeding its predominantly EAF-based steel sector. The country sources from the US, EU, Baltic states, and UK. The shipment […]
European Union direct-reduced iron imports plunged 68 percent year-on-year in January–February 2026, reflecting weaker steelmaker procurement and structural delays in DRI-EAF conversions. The data follows ArcelorMittal’s halt of €1.3 billion in DRI-EAF investments at Bremen and Eisenhüttenstadt earlier in the year. Despite this, the structure of supplies continued to evolve. The EU increasingly replaced Russian […]
Stegra reached agreement with all lenders behind more than €4 billion in senior and junior facilities to release approximately €1.5 billion of previously blocked credit lines for its Boden hydrogen-DRI plant, layered on April’s €1.4 billion Wallenberg-led equity round. The agreement includes a payment-in-kind arrangement allowing temporary debt-funded interest payments. Senior lenders include the European […]
The European Commission published the draft CBAM implementing act on 13 May 2026, opening a four-week public consultation closing 10 June 2026, defining requirements to qualify for deductions on carbon prices paid outside the EU. The deductions mechanism ensures that carbon prices paid in international jurisdictions can be netted against EU CBAM liabilities, supporting WTO […]
Belgium
Global Leaders Debate Trump’s Steel Tariffs and the Future of Supply Chains As global trade policies and decarbonisation goals collide, the need for innovative solutions in the steel and energy sectors has never been greater. The 2nd World Green Steel, Hydrogen, and Energy Summit to be held in Brussels, Belgium, on 29-30 April 2025 brings […]
Thousands of steelworkers marched through the streets of Brussels on Wednesday, calling for urgent intervention from the European Union to support the struggling steel industry. The protest comes as Belgian cinemas screen a documentary highlighting the sector’s decline, underscoring growing concerns over job losses and economic challenges. “L’acier a coulé dans nos veines which means […]
The construction of Belgium’s first green energy island, Princess Elisabeth Island, is facing significant financial challenges as costs have surged to over seven billion euros, more than triple the initial estimate of 2.2 billion euros. This ambitious project, located 45 km off the Belgian coast, aims to support the country’s shift from fossil fuels to […]
