Emsteel Secures 20-Year ADNOC Gas Deal to Accelerate UAE’s Green-Steel Expansion Emsteel, the UAE’s largest domestic steel producer, has signed a * 20-year natural gas supply agreement * with Abu Dhabi National Oil Company (ADNOC), valued between * $3.5 billion and $4.2 billion * ...
China’s Steel Industry Returns to Profit With RMB 105.32 Billion Gain in Jan–Oct China’s ferrous metal smelting and rolling sector recorded a * gross profit of RMB 105.32 billion ($14.8 billion) * from January to October, rebounding sharply from a * gross loss of RMB 23.32 billion...
POSCO Officially Ends Decades-Long Alliance With Nippon Steel South Korea’s POSCO Holdings has formally ended its longstanding equity partnership with Japan’s Nippon Steel after deciding to sell its remaining * 39.2 million shares * through a block deal, accordi...
Hyundai Steel to Provide Low-Carbon Steel for South Korea’s National Power Grid Expansion Hyundai Steel has signed a memorandum of understanding (MoU) with * Korea Electric Power Corporation (KEPCO) * and the * Korea Electrical Manufacturers’ Cooperative * to secure the long-term supply of...
U.S. Extends Emissions Compliance Deadlines for Coke Oven Plants to Protect Steel Supply The White House has issued a formal proclamation granting certain U.S. coke oven processing facilities a * two-year exemption * from compliance with the new emissions-control standards under the * 202...
South Korea Imposes Five-Year Antidumping Duties on Chinese Steel Plate Imports South Korea’s Ministry of Economy and Finance has issued * Decree No. 1145 * , confirming the introduction of * five-year antidumping (AD) duties * on Chinese-produced medium and heavy steel plates, i...
East Asian Ferrous Scrap Imports Show Divergent Trends Across Key Markets in 9MCY25 Ferrous scrap import patterns across East Asia showed mixed momentum in the first nine months of CY25, with * Vietnam and Thailand recording strong growth * , while * Taiwan and South Korea saw steep ...
India Considers New Three-Year Structured Safeguard Duty on Steel Imports The Indian government is evaluating a proposal for a * new structured safeguard duty * on steel imports, according to an official statement on November 25. The planned measure would apply a * startin...
Hyundai Steel to Supply Low-Carbon Steel for South Korea’s National Power-Grid Expansion Hyundai Steel has signed a memorandum of understanding with Korea Electric Power Corporation (KEPCO) and the Korea Electrical Manufacturers’ Cooperative to secure * stable supplies of low-carbon steel...
EU Safeguard Measures Seen as Larger Threat to Asian Steel Exports Than CBAM Green steel development and shifting trade flows were central discussions at the Middle East Iron & Steel Conference (MEIS) in Dubai last week, where analysts emphasized that * EU safeguard measures a...
India Considering Royalty Relief to Boost Beneficiation of Low-Grade Iron Ore The Indian government is working on a proposal to * reduce the royalty rate from 15% to 5% * for low-grade iron ore (below * 58% Fe * ) that is beneficiated to * 62% Fe * by domestic steel producers, ...
Brazil’s Finished Steel Trade Deficit Widens in October Brazil’s trade deficit in finished carbon steel products * expanded significantly in October * , according to data from SECEX. The country exported * 159,592 mt * of finished steel valued at * $111.2...
