Shares of Jindal Steel and Power, Tata Steel, and other major Indian steel producers fell [1] sharply as renewed concerns over U.S. tariffs unsettled investors. The Nifty Metal index, which includes key steelmakers, emerged as the worst-performing sectoral index, reflecting broader market unease over global trade policy shifts. The downturn follows reports that the Trump […]
Nippon Steel Corp. has announced a substantial investment [1] of 868.7 billion yen to introduce electric furnaces at its domestic steel plants, marking a significant step toward decarbonization. The Japanese government, through the industry ministry, will provide up to 251.4 billion yen in financial aid to facilitate the transition from traditional blast furnaces to more […]
India’s steel ministry is advocating for an extension of import restrictions [1] on low-ash metallurgical coke, citing sufficient domestic supply as the primary reason. The move, however, has sparked concerns among steel manufacturers who argue that the curbs could hinder their expansion plans due to difficulties in sourcing preferred grades locally. The restrictions, initially imposed […]
Iran and China have signed an agreement [1] to export engineering services for the development of a sponge iron production facility in Kazakhstan, marking a significant step in regional steel industry collaboration. The project, led by Iran’s ASCOTEC Holding, will utilize Iran’s proprietary PERED technology to design and engineer a sponge iron plant with an […]
Tata Steel UK has taken a significant step in its transition to sustainable steel [1] production by awarding a contract to JASO Industrial Cranes for the supply of high-capacity process cranes at its Port Talbot facility. This initiative is part of Tata Steel’s £1.25 billion investment in green steelmaking, aimed at reducing carbon emissions and […]
PGE and Ørsted have signed another contract [1] for the production and supply of secondary steel structures for the Baltica 2 offshore wind farm. The agreement, awarded to Grupa Przemysłowa Baltic, marks a significant step in Poland’s offshore wind energy development. Under the contract, Grupa Przemysłowa Baltic will manufacture boat landings and anode cages at […]
Türkiye’s steel manufacturer Saritas Celik Sanayi has initiated a significant investment [1] in integrated stainless steel production, to enhance the country’s export capabilities and reduce dependency on imported materials. The new facility, located in the Yalova Machinery Specialized Organized Industrial Zone, will be developed in multiple phases, with full operational capacity anticipated by 2030. The […]
South Korea’s major steel player, Dongkuk Steel announced a temporary shutdown [1] of its Incheon rebar production plant, marking an unprecedented move in the company’s 71-year history. The decision, effective from July 22 to August 15, comes in response to a prolonged downturn in the construction sector and a persistent oversupply in the domestic steel […]
U.S. President Donald Trump has publicly backed Nippon Steel’s $14.9 billion bid [1] for U.S. Steel, but key uncertainties remain regarding the scope and structure of the deal. Trump’s comments, made via Truth Social, described a “planned partnership” between the two companies, promising the creation of at least 70,000 jobs and a $14 billion boost […]
The India Supreme Court has ordered a status quo on the liquidation proceedings [1] of Bhushan Steel & Power Ltd (BPSL), providing JSW Steel an opportunity to file a review petition against the court’s earlier ruling. The decision comes after JSW Steel challenged the Supreme Court’s May 2 verdict, which had rejected its ₹19,700 crore […]
The Executive Board of thyssenkrupp AG has made significant progress in developing a strategic target model for the future course of the entire Group and will present its plans to the Supervisory Board of thyssenkrupp AG before the end of this fiscal year. The central strategy involves systematically divesting all business units of thyssenkrupp, making […]
Japan Steel Works (JSW) is set to commence local production [1] of the Patria AMV 8×8 wheeled armored vehicle in September, marking a significant milestone in Japan’s defense manufacturing capabilities. The initiative follows a technology transfer agreement with Finnish defense firm Patria, which selected JSW as its licensed production partner. The Patria AMV was chosen […]
SBM Offshore has officially commenced fabrication of the GranMorgu floating production, storage, and offloading (FPSO) vessel, marking a milestone [1] in Suriname’s first offshore oil development. The first steel cut ceremony took place at BOMESC Shipyard in Tianjin, China, signaling the start of topsides module construction. The GranMorgu FPSO is being developed for TotalEnergies’ $12.2 […]
Shares of BMW Industries witnessed a sharp rally of nearly 12% in Wednesday’s intraday trading after securing a significant order worth ₹364.69 crore from Tata Steel. The steel processing company’s stock surged to ₹59.7 per share, marking its biggest intraday gain since May 5, before settling 4.5% higher at ₹55.8 apiece. The contract, awarded to […]
JSW Steel has formally requested a ₹19,300 crore refund from banks [1] following the Supreme Court’s decision to cancel its 2019 acquisition of Bhushan Power and Steel Ltd. (BPSL). The ruling, issued earlier this month, cited multiple compliance failures and directed the liquidation of BPSL. JSW Steel has also sought a 60-day delay in the […]
NMDC Group, a leading global player in engineering, procurement, construction (EPC), and marine dredging, has entered into a Memorandum of Understanding [1] (MoU) with Jiangsu Juxin Petroleum Steel Pipe to explore potential collaboration. The agreement, signed during the Make it in the Emirates (MIITE) event, aligns with the UAE’s broader industrial growth strategy and strengthens […]
Nippon Steel has outlined plans to invest $14 billion [1] in U.S. Steel’s operations, including up to $4 billion for a new steel mill, as part of its ongoing bid to secure approval for a merger with the iconic American steelmaker. The Japanese company’s latest investment pledge comes ahead of a crucial national security review […]
Aldar has made history as the first developer in the Middle East and North Africa (MENA) region to integrate hydrogen-based steel rebar [1] into its construction projects. This groundbreaking move, in partnership with EMSTEEL Group, marks a significant step toward decarbonizing the built environment and advancing sustainable construction. The hydrogen-based steel rebar will be used […]
India’s ambitious plans to double steel production [1] by 2030 could severely undermine national and international climate goals, according to a new report by Global Energy Monitor (GEM). The findings highlight the country’s overwhelming reliance on coal-based steelmaking, raising concerns about its ability to curb carbon emissions in line with global efforts. Steel production is […]
Thailand’s Board of Investment (BOI) has approved a series of measures [1] aimed at mitigating risks posed by global trade policies, including the removal of investment incentives for solar panel and downstream steel manufacturing. The decision, announced on Monday by BOI Secretary General Narit Therdsteerasukdi, reflects the government’s broader strategy to strengthen Thai businesses, particularly […]
Billionaire investor Daniel Loeb’s hedge fund, Third Point [1], has disclosed significant stakes in U.S. Steel and Kenvue, as revealed in its latest 13F filing. The firm owned 12.2 million shares of U.S. Steel at the end of the first quarter, signaling confidence in the company’s pending merger with Japan’s Nippon Steel despite ongoing regulatory […]
Iraq has commissioned a 600,000-tonne-per-year steel mill [1] in Basra, more than a decade after awarding the project to Italy’s Danieli Group. The facility, inaugurated by Industry and Minerals Minister Khaled Al-Najm, is expected to support the country’s post-conflict reconstruction efforts and meet growing demand for steel. The project, valued at IQD400 billion ($305 million), […]
Turkey’s iron ore imports fell 17.3% year-on-year in the first quarter of 2025 [1], totaling 2.09 million metric tons, as crude steel production slowed. The value of these imports also declined 35.4% to $228.52 million, reflecting weaker demand. In March alone, Turkey imported 951,292 metric tons of iron ore, marking a 176.6% increase from February […]
Iranian billet export prices [1] have remained stable at $410-420 per tonne FOB for standard grades, as weak demand continues to weigh on the market. Buyers in the United Arab Emirates and Oman are exercising caution, citing concerns about the risk associated with Iranian supply due to potential non-compliance with ECAS certification, a key requirement […]
The European Union is set to impose significantly higher tariffs on Ukrainian imports in the coming weeks, according to a Financial Times report citing diplomatic sources. The move could strain Kyiv’s economy during a critical phase of its war against Russia. The FT reports that the EU’s new proposal, circulated to member states, would severely reduce tariff-free […]
The National Company Law Tribunal (NCLT) has adjourned its hearing on a petition filed by Sanjay Singhal, former promoter of Bhushan Power & Steel Ltd (BPSL), to June 26. Singhal approached the tribunal seeking enforcement of the Supreme Court’s recent ruling, which quashed the ₹19,700 crore resolution plan proposed by Sajjan Jindal-led JSW Steel and […]
Pakistan and Russia have agreed to establish a new steel mill in Karachi [1], marking a significant step in strengthening bilateral ties and expanding industrial collaboration. The agreement was finalized during a meeting between Russian representative Denis Nazaroof and Special Assistant to the Prime Minister (SAPM) Haroon Akhtar Khan, where both sides engaged in extensive […]
Shares of major Indian steel companies, including Tata Steel, SAIL, JSPL, and JSW Steel, saw notable gains [1] in Wednesday’s morning trades, following India’s firm stance against U.S. tariffs at the World Trade Organization (WTO). Tata Steel led the rally, with its share price opening at ₹151.20, slightly above the previous day’s close of ₹149.50, […]
Lockheed Martin (NYSE: LMT) and Arabian International Company for Steel Structures (AIC Steel) have celebrated a major milestone [1] in their collaboration on the Terminal High Altitude Area Defense (THAAD) Weapon System. The achievement marks the completion of the first locally-produced components for the THAAD launcher, strengthening Saudi Arabia’s defense industrial capabilities. Lockheed Martin Missiles […]
Iran’s steel industry recorded a mixed performance [1] in the first month of 2025, with steel product output declining while crude steel production saw an increase, according to the latest data from the World Steel Association (WSA). Steel product output stood at 1.812 million tons, reflecting a 1.2% year-on-year decline compared to 1.851 million tons […]
Tata Steel shares gained momentum ahead [1] of the company’s March quarter earnings announcement, scheduled for May 12. At 10:30 am, the stock was trading at ₹147.97 per share on the National Stock Exchange (NSE), reflecting a 3.47% increase. In a May 8 exchange filing, the Tata Group firm confirmed that its board would convene […]
Nippon Steel has reaffirmed its position [1] on the planned acquisition of US Steel, stating that its intention to take full ownership remains the foundation of ongoing negotiations with the U.S. government. The Japanese steel giant emphasized that it continues to present a variety of proposals in discussions with U.S. authorities, as the review process […]
According to a senior official from the country’s ruling party, Zimbabwe’s iron and steel industry is undergoing a revival [1], driven by increased production from Dinson Iron and Steel Company (DISCO), a Chinese-invested firm. Christopher Mutsvangwa, a politburo member and spokesperson for the Zimbabwe African National Union-Patriotic Front, highlighted the growing steel exports and their role in […]
Spanish steelmaker Acerinox reported an 81% decline in first-quarter [1] net profit compared to the same period in 2024, citing weak stainless steel demand in Europe and ongoing global trade uncertainties. The company posted a net profit of 10 million euros ($11.28 million) for the quarter, a sharp drop from 53 million euros a year […]
British Steel has announced plans to recruit more than 180 new employees [1] as it prepares to increase iron and steel production, marking the first significant expansion since the UK government intervened to prevent the shutdown of its blast furnaces. The company is hiring 165 workers in Scunthorpe and an additional 17 across its Teesside […]
According to UK based research firm’s recent reports by IDTechEx [1], Hydrogen-powered steel production may remain out of reach for more than a decade unless significant cost reductions and infrastructure advancements are made. Despite hydrogen-based direct reduced iron (DRI) projects leading the green steel transition in regions such as Europe, the Middle East, the US, […]
Global law firm Baker McKenzie [1] has advised Van Merksteijn Steel Group in its merger with Südwest Beteiligungen, a strategic move that strengthens the newly formed Reinforcing Steel Europe B.V. (RSE) as a leading producer and processor of reinforcing steel across Europe. The headquarters of RSE will be based in Almelo, the Netherlands. The merger […]
The Indian Finance Ministry has expressed support [1] for banks planning to challenge the Supreme Court’s recent decision that overturned JSW Steel’s ₹19,700-crore acquisition of Bhushan Power and Steel (BPSL). The ruling cited violations of the Insolvency and Bankruptcy Code (IBC), prompting lenders to argue that the court should have given greater weight to the […]
The sustainability of South Africa’s steel industry [1] faces significant challenges, with government intervention now seen as essential to ensuring long-term competitiveness and economic stability. ArcelorMittal South Africa’s recent decision to close its Longs Business has underscored the need for policy-driven efforts to stabilize the sector. A strong steel industry can drive economic growth, create […]
Thyssenkrupp’s steel division announced on Wednesday that it has reached a preliminary agreement with the IG Metal union regarding the restructuring of Germany’s largest steel producer. The company emphasized its commitment to avoiding forced layoffs and cuts as part of the plan. Thyssenkrupp stated that the agreement comes after its earlier announcement of plans to […]
India’s Tata Steel has announced a US$1.18 billion investment to expand iron ore production across its Noamundi, Joda, and Katamati mines, aiming to boost annual output from 40 million tons to 55 million tons. The company’s General Manager for Ores, Mines & Quarries (OMQ), Atul Bhatnagar, emphasized Tata Steel’s commitment to strengthening its raw material […]
Turkey has significantly reduced its recycled steel imports from the United States in early 2025 while increasing its reliance on Russian shipments, signaling a shift in trade dynamics. SteelData reports that Turkish imports of U.S. ferrous scrap dropped by 23% in the first quarter compared to the same period in 2024. This decline coincides with […]
United States Steel Corporation has reported its financial results [1] for the first quarter of 2025, revealing a net loss and a decline in revenue compared to the previous year. The company, a significant player in the steel industry, has encountered various operational challenges and market conditions affecting its financial performance. For the first quarter […]
The government is currently evaluating the Supreme Court’s [1] recent decision that nullified JSW Steel’s ₹19,700 crore resolution plan for Bhushan Power and Steel Ltd (BPSL), according to the Department of Financial Services (DFS). Officials are expected to finalize their approach to the verdict soon. “We have already reviewed the ruling alongside all involved lenders. […]
India’s Supreme Court on Friday rejected JSW Steel’s [1] resolution plan to acquire Bhushan Power and Steel, ordering the liquidation of the debt-ridden firm four years after the takeover was completed, according to lawyers involved in the case. The court’s decision marks a significant setback for JSW Steel, India’s largest steelmaker by capacity, which had […]
Steel pipe prices in Russia have fallen to their lowest levels [1] in two years, driven by weak domestic demand and excess production capacity. By mid-April, water and gas pipes were priced at RUB 64,600 per ton, the lowest since July 2023, while electric-welded pipes dropped to RUB 63,300 per ton, their lowest since March […]
Vice President JD Vance visited Nucor Steel’s South Carolina plant [1] on Thursday, highlighting what he called an “industrial renaissance” fueled by the Trump administration’s push for domestic manufacturing. Speaking before hundreds of steelworkers and industry leaders, Vance praised the resilience of the U.S. steel sector, emphasizing its vital role in infrastructure and national security. […]
SSAB, a Nordic and U.S.-based steel manufacturer, aims to create a stronger, lighter, and more sustainable world with its value-added steel products and services. The company has secured €2.3 billion in green financing to support its transformation project, which includes constructing a cutting-edge, fossil-free mini-mill in Luleå, Sweden. SSAB states that this transformation project is […]
India’s largest steelmaker, JSW Steel, is facing setbacks [1] in its efforts to source coking coal from Mongolia due to unresponsive suppliers and logistical constraints, sources familiar with the matter revealed. The company had planned to import 2,500 metric tons from Mongolia, while the state-run Steel Authority of India Limited (SAIL.NS) sought a larger shipment […]
Mexico’s steel producers have urged the country’s Ministry of Economy (SE) to remove finished steel products [1] from the tax-exempt temporary import program, Immex, in an effort to protect the sector from unfair competition, industry sources report. The proposal is part of broader negotiations with the U.S. administration, aimed at securing an exemption from the […]
Spain has approved a €60 million grant [1] from EU funds to support the construction of a hydrogen-powered steel mill, recognized by the World Economic Forum as one of the most significant industrial decarbonization projects worldwide. This initiative, led by Hydnum, represents a crucial step toward advancing low-carbon steel production in the country. Hydnum was […]
2-day discussions on the international Steel industry As the global steel demand has always been voracious, there has been a huge necessity to keep in mind various ways to reduce carbon emissions that are associated with its production. Around 75% of steel is still largely made in coal-fired blast furnaces, which release a large amount […]
Brazil’s steel import surge shows no signs of slowing [1] , with April figures potentially surpassing March’s historic levels. According to the National Institute of Steel Distributors (INDA), the country’s flat steel imports already set a record last month, and expectations point to continued growth. Carlos Loureiro, president of INDA, warned that more than half […]
Iron ore futures fall as speculation mounts over China’s possible steel production cuts [1], sparking unease in global commodity markets. Mixed signals on US-China trade relations compound the uncertainty, leaving investors wary of broader economic implications. On the Dalian Commodity Exchange, iron ore prices dipped 0.7% to 709 yuan per metric ton, while Singapore’s May contract slipped […]
India’s steel industry must secure annual investments [1] between ₹150,000 to ₹200,000 crore over the next two decades to scale production capacity from 200 million tonnes to 500 million tonnes by 2047, according to Jayant Acharya, Joint MD & CEO of JSW Steel. He stressed that this unprecedented financial commitment is essential to support rising […]
Turkiye’s crude steel production declined [1] by 2.8 percent in March compared to the same month last year, falling to 3.1 million tons, according to data from the World Steel Association (worldsteel). During the first four months of 2025, output dropped 3.4 percent year-on-year to 9.3 million tons, ranking Türkiye as the seventh largest steel […]
India’s Prime Minister Narendra Modi on Thursday urged India’s steel sector to reduce reliance on imports and transition toward becoming a net exporter, [1] emphasizing its critical role in the country’s ambition for a developed India, or Viksit Bharat. Speaking virtually at the India Steel 2025 conference, PM Modi outlined a transformative vision for the […]
Clariant, a sustainability-focused specialty chemical company, has renewed its collaboration [1] with Midrex, a global leader in direct reduced iron (DRI) technology, to advance low-carbon steel production. The renewed partnership aims to enhance DRI technology, which offers a cleaner alternative to conventional coal-based ironmaking. DRI technology enables the direct reduction of iron ore without melting, […]
A steel factory in Chonburi, a province in Thailand, jointly owned by a Chinese firm, has been caught illegally resuming operations [1] despite a government-issued suspension order. A special taskforce from Thailand’s Ministry of Industry discovered the violation during an inspection, resulting in the seizure of 582 tonnes of substandard steel bars worth approximately 11.53 […]
India’s steel imports surged [1] to 10.1 million tonnes in FY25, the highest level since FY16, according to provisional data from market analytics firm BigMint. The increase, driven by an influx of finished flat-steel shipments, has once again turned India into a net steel importer. Rising shipments from South Korea, China, and Japan have contributed […]
According to Eurostat data’s analysis, France’s steel industry recorded a notable increase [1] in exports of rolled metal products to third countries, increasing by 16.9% year-on-year to 158.21 thousand tons in January 2025. Compared to December 2024, exports also saw a strong 24.9% month-on-month rise. Exports of long products surged significantly, rising 57.4% y/y and […]
Thailand’s Industry Ministry is moving to phase out certification [1] for steel produced using Induction Furnace (IF) technology, citing persistent concerns over quality control and environmental impact. The decision follows investigations revealing that IF steel often falls short of industry standards, raising alarms among regulators and prompting government intervention. Industry Minister Akanat Promphan announced that […]
Hyundai Motor Group and Posco Group have strengthened their collaboration [1], signing a memorandum of understanding on Monday to deepen cooperation in steelmaking and secondary battery materials. The move comes as both South Korean conglomerates seek to navigate shifting trade dynamics in response to rising U.S. tariffs on steel and automobiles. The agreement was formalized […]
The European Commission has outlined a 2025–2030 work plan under the Ecodesign [1] for Sustainable Products Regulation (ESPR) and Energy Labelling Regulation, placing steel among the priority sectors for new sustainability requirements. The initiative expands the regulatory framework beyond energy efficiency to include mandates for durability, repairability, and recyclability, aiming to reduce environmental impact and […]
Hoa Phat Group has officially commenced construction on a steel manufacturing facility [1] in Vietnam, set to produce high-grade railway rails for the first time in the country. The announcement came during the group’s annual general meeting (AGM) on April 17, where chairman Tran Dinh Long confirmed the project’s total investment of VND14 trillion ($556 […]
China’s crude steel production [1] surged to a 10-month high in March, registering a 4.6% increase from the previous year, according to data from the National Bureau of Statistics (NBS). The world’s largest steel producer manufactured 92.84 million metric tons last month, the highest output since May 2024. Analysts attribute the rise to improved profit […]
ArcelorMittal Nippon Steel (AM-NS) has announced a massive investment [1] of ₹2.6 lakh crore ($30 billion) in India over the next decade, aiming to boost its steel production capacity significantly. The joint venture, which currently produces 9.6 million tonnes per annum (MTPA), plans to expand this to 15.6 MTPA by the end of the fiscal […]
Shahi Steel, the Bosnian unit of Turkish steel structures manufacturer Sahi Celik, has officially opened a new production plant in the city of Gradacac, according to the chamber of economy of Tuzla Canton (KPKT). The investment is expected to strengthen Bosnia’s industrial sector and attract further foreign investment. Shahi Steel specializes in the production of […]
China’s crude steel production surged in March [1], reaching its highest monthly level in nearly a year, as steelmakers ramped up output in response to favorable profit margins, strong export demand, and resilient manufacturing activity. The world’s largest steel producer manufactured 92.84 million metric tons of crude steel last month, marking a 4.6% increase from […]
Turkey has reached its European Union (EU) steel import limits [1] for several product categories in the second quarter of 2025, reflecting heightened demand and ongoing trade constraints. According to data from the European Commission (EC), as of April 11, Turkish exporters had fully utilized their quotas for rebar (94,398 tons), wire rod (98,054 tons), […]
For the first time this year, U.S. steelmaker Nucor has lowered its weekly spot price [1] (CSP) for hot-rolled coil (HRC), reducing offers by $5 per short ton after holding steady for two weeks. As of the latest pricing update, HRC prices at all Nucor production facilities—except California Steel Industries (CSI)—have dropped to $930/t, while […]
The UK government has taken decisive action to exclude China [1] from its steel industry, following emergency legislation passed on Saturday to secure control of Chinese-owned British Steel. Business Minister Jonathan Reynolds announced the move on Sunday, citing national interests and economic stability. The decision came after China’s Jingye Group declined a £500 million ($654 […]
The UK government officially took control of British Steel [1] after the Steel Industry (Special Measures) Act received Royal Assent, marking a pivotal moment in the nation’s industrial policy. The emergency legislation, passed in a rare Saturday sitting of Parliament, grants the business secretary sweeping powers to manage British Steel and other steel assets, ensuring […]
Hammerwerk Erft G. Diederichs GmbH & Co. KG signed a partnership with Germany’s GMH Gruppe for the use Green Power Premium Steel from Georgsm. arienhütte (GmbH) marking a pivotal role in climate-neutral methods. Georgsmarienhütte GmbH, a company of the GMH Group has supplied its first shipment of 120 tons of Green Power Premium Steel to […]
Tata Steel [1] shares surged by 6% on Friday, April 11, reaching an intraday high of ₹134.95 per share on the Bombay Stock Exchange (BSE). The sharp rise followed Tata Steel Nederland’s request for advice to the Central Works Council to initiate consultation on key aspects of its transformation program. As of 9:29 AM, Tata […]
Thai authorities have intensified their investigation [1] into Xin Ke Yuan (SKY) Steel Ltd, confiscating servers from the company’s factory in Ban Khai district, Rayong province. The move comes after the company failed to submit documents detailing its steel manufacturing process by the April 10 deadline, raising concerns over its compliance with safety standards. The […]
Prime Minister Keir Starmer said that Britain is to pass emergency laws on Saturday to keep the blast furnaces from British Steel open to save the country’s steel-making capability and thousands of jobs. British Steel employs 3,500 people at its Scunthorpe plant and supports more in the supply chain. The government said that the company […]
U.S. President Donald Trump has opposed Nippon Steel’s [1] $14 billion bid to acquire U.S. Steel Corp, stating he does not want the American steel producer to be sold to Japan. His remarks have added uncertainty to the deal, which has already faced significant political and legal challenges. Trump’s comments appear to contradict recent actions […]
British Steel is facing a severe shortage of materials [1], sparking concerns that the company could run out of essential supplies within days. The situation has alarmed industry experts and workers as the steelmaker grapples with rising costs and ongoing supply chain disruptions. Primarily focused on steel for construction, British Steel has been owned by […]
German steel manufacturers are urging the European Commission to swiftly implement [1] the EU Steel Action Plan, stressing its importance in safeguarding the industry against growing global competition, tightening environmental regulations, and economic uncertainty. In response to tariffs imposed by former U.S. President Donald Trump, the EU steel industry is now calling for stronger trade […]
The United States has temporarily suspended [1] the additional 26% tariff on Indian imports for 90 days, offering relief to Indian exporters. The suspension, effective until July 9, 2025, was formalized through a White House executive order and is seen as a strategic move to facilitate ongoing bilateral trade negotiations between India and the US. […]
Blastr Green Steel (Blastr) has signed a Memorandum of Understanding for the yearly supply of ultra-low CO₂ steel with Vogten Staal, a European steel service center. Vogten’s production lines are located in Maastricht, the Netherlands, with excellent connections for river, rail, and road transport. This marks Blastr’s third offtake agreement in under four months, driving a significant […]
Tata Steel’s share price has plummeted [1] over 30% from its 52-week high, raising concerns among investors about whether to buy, sell, or hold their positions. The decline comes amid tariff uncertainties and a 5% drop in consolidated steel production, which fell to 7.45 million tonnes in Q4 FY25, largely due to restructuring efforts in […]
U.S. President Donald Trump has directed the Committee on Foreign Investment in the United States (CFIUS) to reexamine Nippon Steel‘s [1] bid to acquire U.S. Steel. This decision comes after the deal was previously blocked by former President Joe Biden on national security grounds. The presidential memorandum calls for a detailed review to determine whether […]
Indian metal stocks witnessed a sharp decline [1], with Tata Steel and other major players tumbling by up to 19% as global trade uncertainties and growth concerns rattled investor sentiment. The downturn was triggered by fears surrounding the impact of reciprocal tariffs imposed by the U.S. on steel and aluminum imports, which have raised doubts […]
Tata Steel has moved the Bombay High Court [1] after receiving a reassessment order that increases its taxable income for the financial year 2018-19 by over Rs 25,000 crore. The company argues that the reassessment is flawed and has challenged the order on both technical and legal grounds. The reassessment stems from a show-cause notice […]
Asian spot market prices for nickel ore, nickel pig iron, and stainless steel showed resilience. Meanwhile, over 50 countries have expressed interest in discussing trade policy adjustments with the U.S. government. The impact of the introduction of reciprocal US tariffs last week has affected the nickel and iron ore market, with spot market prices for […]
Vietnam has announced temporary anti-dumping tariffs [1] on certain galvanized steel imports from China and South Korea, aiming to protect its domestic steel industry from unfair competition. The Ministry of Industry and Trade confirmed that the tariffs will take effect on April 16 and remain in place for 120 days. Under the new measures, Chinese […]
Germany’s steel industry is facing growing uncertainty as indirect steel exports [1] to the United States reached 2.4 million tons, according to Wirtschaftsvereinigung Stahl (WVStahl), the German Steel Federation. The figure highlights the significant role of steel-intensive products, such as machinery and automotive components, in transatlantic trade. The announcement comes after concerns over new US […]
Higher Power Output from the Hydrogen Internal Combustion Engine and Greener Shipbuilding Steel – TSUNEISHI SHIPBUILDING Co., Ltd. has launched Japan’s first tugboat powered by a hydrogen internal combustion engine (ICE), marking a major milestone in sustainable maritime technology. This ship was launched on March 28, 2025, from the TSUNEISHI Factory. It features a high-performance […]
For the pioneering future of sustainable development, ARS Steel has successfully set a milestone for India’s construction industry, showcasing its dedication to net-zero targets through sustainable building practices and innovative technology by delivering India’s first green TMT bar to Trimetro Group for the construction of Epic Group’s state-of-the-art manufacturing facility in Bhubaneswar, Odisha. Epic Group […]
Iron ore prices faced downward pressure [1] following the announcement of fresh U.S. tariffs on steel imports, raising concerns over global trade disruptions. However, resilient demand for steel, particularly in China, helped cap losses, preventing a sharp decline in iron ore futures. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) ended […]
Liverpool is looking to position itself as a major player in the global steel industry following a record-breaking year for imports [1]. The Port of Liverpool, operated by Peel Ports Group, processed an unprecedented 702,000 tonnes of bulk steel in 2024, surpassing its previous record by 50,000 tonnes. The steel imports, sourced from South Korea, […]
Thailand-based Xin Ke Yuan Steel is currently under investigation [1] after its deformed steel bars failed to meet safety standards, raising concerns about construction integrity. The company, which operates in Rayong Province, was previously ordered to shut down in December 2024 due to substandard steel production. However, recent inspections suggest that its steel may have […]
Liaoning Province-based steelmaker Lingyuan Iron and Steel Co., Ltd., a subsidiary of Ansteel Group, has reported a net loss [1] of RMB 1.678 billion ($0.23 billion) for 2024, marking a significant increase from its RMB 681 million loss in 2023. The company’s operating revenue for the year stood at RMB 18.097 billion ($2.5 billion), reflecting […]
South Korea’s exports expanded for the second consecutive month in March, though the growth fell short of market forecasts, indicating a potential weakening in the economic outlook, as manufacturers face heightened uncertainty due to the global trade tensions sparked by U.S. President Donald Trump’s tariff policies. New U.S. tariffs on automobiles will begin this week, and Trump […]
The steel industry, responsible for 7% to 9% of global carbon emissions, is under increasing pressure to decarbonize [1] as nations push toward net-zero targets by 2050. A major hurdle in reducing steel productions’ emissions lies in the iron ore-to-crude steel process, which currently relies heavily on coal, accounting for 80% of steel-related emissions. However, […]
China’s stainless steel crude steel production saw a notable increase [1] in March 2025, driven by industry expectations for peak seasonal demand and high raw material costs. However, production slightly declined in April due to environmental regulations and equipment maintenance. In March, domestic stainless steel production surged by 19.02% month-on-month (MoM) and 12.67% year-on-year (YoY). […]
The Delhi High Court has dismissed requests [1] from JSW Steel and Trafigura to clear shipments of low-ash metallurgical coke (met coke), a key raw material for steelmaking. The decision follows India’s recent policy of supporting domestic suppliers and imposing curbs on met coke imports. The policy, introduced in January, includes country-specific quotas and has […]
