Global Long Steel Market Faces Slump Amid Weak Demand and Oversupply: IREPAS The *International Rebar Exporters and Producers Association (IREPAS)* has reported that the *global long steel market* continues to struggle with *weak demand, oversupply, and fierce competition*, as...
Canada Extends Antidumping Probe on OCTG Imports from Five Countries The *Canada Border Services Agency (CBSA)* has announced an *extension to its preliminary antidumping investigation* into imports of *oil country tubular goods (OCTG)* from *Mexico, the Philippines, T...
Thailand Probes Chinese Steelmakers for Alleged Duty Evasion on Hot Rolled Coils Thailand’s *Department of Foreign Trade (DFT)* has launched an *antidumping circumvention investigation* into imports of *hot rolled steel sheets and coils from China*, following complaints by major T...
150 Indian Steel Mills Halt Production Amid Persistent Price Slump Around *150 small-scale steel producers across India have suspended operations* due to *continuously low domestic steel prices*, according to *India’s Steel Secretary, Sandeep Poundrik*. Poundrik not...
China-Backed Simandou Iron Ore Project Set to Redefine Global Market Balance The long-awaited *Simandou iron ore mine* in *Guinea* — backed by major Chinese investors — is finally moving into production, a development poised to *reshape global iron ore trade flows*. Valued at...
SteelAsia Temporarily Suspends Calaca Scrap Recycling Plant Amid Zinc Dust Dispute *SteelAsia Manufacturing Corporation*, the Philippines’ largest steel producer, has *temporarily suspended operations* at its *Calaca scrap-recycling facility* following an order from the *Philippine ...
South Korea Unveils KRW 400 Billion Steel Sector Support Plan Amid Oversupply Pressures The *South Korean government* has launched a *KRW 400 billion ($278 million)* export guarantee program to *support small and medium-sized enterprises (SMEs)* in the domestic steel sector. Jointly bac...
Baosteel Refines 2026–2030 Capacity Plan to Prioritize Efficiency Over Expansion *Baosteel*, one of China’s leading steel producers, has *revised its capacity target* for the *15th Five-Year Plan (2026–2030)* to *over 80 million metric tons*, down from the previous 80–100 million ...
Argentina’s Crude Steel Production Falls in September Amid Weak Demand The *Argentine Chamber of Steel Industry (Acero Argentino)* has reported that *crude steel production fell to 356,700 metric tons in September*, down from *370,300 metric tons in August*. Compared wi...
Vallourec Secures Major Pipe Supply Contract for Brazil’s Orca Deepwater Field France-based *Vallourec* has secured a *significant contract* with UK oil and gas company *TechnipFMC* to supply *seamless line pipes* for the *Orca deepwater field* (formerly known as /Gato do Mato/)...
EURANIMI Warns EU Steel and Metals Action Plan Could Trigger Supply Crisis and Price Surge The *European Association of Non-Integrated Metal Importers & Distributors (EURANIMI)* has warned that the *European Commission’s upcoming Steel and Metals Action Plan (SMAP)* could severely *destabil...
EU Launches New Plan to Reduce Energy Prices and Support Industrial Competitiveness The *European Commission* has unveiled a set of *seven coordinated actions* under the *Affordable Energy Action Plan* to *lower energy costs* for both *industries and households*, while supporting *lo...
