OECD warns energy prices and geopolitics are weighing on global growth OECD has reported that the *global economic outlook remains stable but weakened* due to rising energy prices and geopolitical tensions. Growth outlook* *Global GDP growth projected at 2.9% in 2026* ...
Severstal cuts 2026 spending as steel market weakens Severstal has revised its 2026 budget downward in response to *deteriorating global steel market conditions*. Cost-cutting measures* The company announced: *Repair budget reduced by 14%* *Capital ...
Coal India to invest $348 million in washeries to boost steel sector supply Coal India Limited has announced plans to build *eight new coal washeries with a total investment of $348 million*, aimed at increasing supply to key industries including steel. *Capacity expansion* ...
EU launches safeguard probe into electrical steel imports amid surge The European Commission has initiated a safeguard investigation into imports of grain-oriented electrical steel to determine whether *protective trade measures are needed*. Imports more than double* ...
Spain rolls out €5 billion industrial support plan as energy costs surge The Spanish government has unveiled a *€5 billion anti-crisis package* aimed at supporting industry and mitigating the impact of rising energy costs driven by geopolitical tensions. According to offi...
US Launches Inquiry into Possible Circumvention of Steel Duties via Indonesia The United States has initiated a new trade investigation into potential circumvention of steel duties involving Vietnam and Indonesia. The *US Department of Commerce* is examining whether *corrosion...
India Relaxes LPG Supply Restrictions to Support Steel and Key Industries India has eased restrictions on liquefied petroleum gas (LPG) supply to support *steel and other priority industries*, following disruptions linked to the Middle East conflict. The government will no...
UK Prioritizes Domestic Steel in Public Procurement to Strengthen National Security The UK government has introduced new procurement rules that *prioritize domestic steel in public contracts*, aiming to enhance *national security and supply chain resilience*. Under the new policy, *...
Thyssenkrupp Invests €2.4 Million to Advance Low-Carbon Steel Raw Materials German steelmaker Thyssenkrupp Steel has announced a *€2.4 million investment* to expand its laboratory infrastructure in Duisburg, supporting the transition to low-carbon steel production. The new f...
India Approves $42 Million Green Hydrogen Steel Projects The Indian government has approved *three pilot projects using green hydrogen in steelmaking*, backed by approximately *$42 million in funding* under the National Green Hydrogen Mission. The projects...
US–Mexico Kick Off USMCA Review Talks, Steel Tariffs Take Center Stage The United States and Mexico have officially launched preliminary discussions ahead of the *mandatory July 1, 2026 review of the USMCA*, marking the first test of the agreement’s six-year review mecha...
US Rebar Exports Surge in January Despite Annual Decline US rebar exports recorded a sharp monthly rebound in January 2026, according to official trade data. Total exports reached *13,026 metric tons, marking a 293.4% increase month-on-month*, although sti...
