India’s KFIL to Invest $52 Million to Expand Steel Tube Production Capacity *India-based KFIL has finalized plans to invest approximately US$52 million to increase its steel tube manufacturing capacity, supporting future growth and rising demand across infrastructure and indu...
Development Bank of Japan and HDFC Capital Partner to Invest $1 Billion in Affordable Housing *The Development Bank of Japan (DBJ) and HDFC Capital have entered a partnership to support affordable and mid-income housing projects in India through a fund targeting total investments of up to US$1...
JSL Awards $17 Million Contract for Installation of Yard Automation Systems *India’s JSL has awarded a contract worth approximately US$17 million to Kernex Microsystems for the installation of advanced yard automation systems as part of its operational modernization efforts.*...
US and Iran Near Agreement to Reopen Strait of Hormuz During Ceasefire Extension *The United States and Iran are reportedly moving closer to an agreement that would reopen the Strait of Hormuz while extending the current ceasefire, a development that could ease concerns across glo...
Ukraine Launches Anti-Dumping Probe into Coated Steel Imports from Four Countries The investigation was launched following a complaint filed by local steelmakers, who argued that increasing imports have negatively affected production, sales performance and competitiveness within th...
Turkish Steel Producers: EU’s New Quota System Will Further Narrow Market Share *Turkish steel producers have warned that the European Union’s new steel import quota system could further reduce Turkey’s share in the European market, raising concerns over future export opportuniti...
Brazilian HRC Exports and Imports Decline in April Amid Weaker Regional Trade *Brazil’s hot rolled coil (HRC) exports and imports both recorded lower volumes in April compared to March, mainly due to reduced shipments to South American markets and lower import arrivals from Sou...
Tata Steel UK Secures U.S. Tariff Exemption, Reducing Steel Import Duty to 25% *Tata Steel UK has secured a special exemption from U.S. steel tariff regulations, allowing steel processed at its Port Talbot facility in Wales to enter the U.S. market under the United Kingdom’s 25%...
China Tightens Steel Capacity Replacement Rules to Reinforce Industry Restructuring China’s *Ministry of Industry and Information Technology (MIIT)* has introduced stricter capacity replacement measures for the country’s steel industry, aiming to strengthen market balance and prevent...
Tata Steel Expands Value-Added Steel Strategy to Reduce Exposure to Market Volatility Indian steel producer *Tata Steel Limited* plans to increase the share of value-added steel products in its portfolio to *60%*, aiming to reduce exposure to volatile commodity steel pricing and raw ma...
India’s Ferrous Scrap Imports Fall 20% in FY2026 as Domestic Supply Strengthens India’s ferrous scrap imports declined sharply during fiscal year 2025–26, falling by *20% year on year*, as domestic scrap availability improved and cheaper local alternatives reduced dependence on i...
SEAISI Forecasts Stronger ASEAN Steel Demand in 2026 Amid Import Pressure and Energy Risks The *Southeast Asia Iron and Steel Institute (SEAISI)* expects steel demand across ASEAN to continue growing in 2026, although the region faces rising pressure from imports and geopolitical uncertaint...
