Freight Rates Tick Up Slightly for Brazilian Steel Imports in July Brazilian steel imports saw a modest rise in transport costs, with the *average freight rate* increasing to *US 55/mt in July*, compared to *US 53/mt in June*. This slight uptick reflects minor shifts...
China’s Steel Inventories Hit 15.9 Mt, Highest in 3 Months China’s steel stockpiles rose for the *fifth straight week* between *August 8 and 14, 2025*, adding *770,700 tonnes* to reach *15.9 million tonnes*, the highest in three months. *Rebar inventories* d...
China’s Finished Steel Stocks Jump 5% in Mid-August Inventories of *finished steel products* in China, including rebar, wire rod, plates, hot-rolled, and cold-rolled coils, rose by *5% in mid-August 2025*, according to the China Iron and Steel Associat...
Shougang H1 Profit Surges 66.5% to RMB 657 Million Beijing-based steelmaker *Shougang Group* has announced a *net profit of RMB 657 million* in the first half of 2025, a *66.5% increase year on year*. The company credited its growth to strict *cost co...
German Government Accelerates CO₂ Storage Expansion *In early August, the German government approved landmark reforms* aimed at accelerating the development of *carbon capture and storage (CCS) infrastructure* None [1] The new draft legislation designa...
UK Steel Industry Grapples with Decarbonization Hurdles *Since the mid-2000s, steel production in the United Kingdom has dropped by half*, and *CO₂ emissions have fallen by more than threefold*—but largely due to shrinking industrial output rather than gen...
Nippon Steel and ArcelorMittal Announce $5.5 Billion Expansion in India *Nippon Steel* and *ArcelorMittal* have unveiled plans for a *$5.5 billion investment* to expand operations in *India*, aimed at boosting production capacity and meeting growing domestic demand. The ...
JSW Steel and POSCO Sign Agreement to Explore Odisha Steel Mill Indian steelmaker *JSW Steel* and South Korea’s *POSCO* have signed a non-binding heads of agreement to evaluate the construction of a *6 million tpa greenfield steel plant* in *Odisha, India*. The p...
Liberty Tubular Products Galati Enters Bankruptcy Protection Romanian steel producer *Liberty Tubular Products Galati*, a subsidiary of Liberty Galati, has filed for *bankruptcy protection* as it struggles with severe financial challenges. On August 13, the Ga...
Tenaris Expands Offshore Operations in Brazil’s Pre-Salt Oilfields Tenaris has reinforced its presence in Brazil’s offshore sector by deploying *corrosion-resistant alloy tubulars with Dopeless® technology* in the country’s pre-salt oilfields. The company has supplie...
China Challenges Canada’s Steel Import Restrictions at WTO China has filed a formal complaint with the *World Trade Organization (WTO)* against Canada’s recently imposed restrictions on steel imports. In July, Canada introduced a *25 percent duty* on products...
Trump Administration Prepares New Tariffs on Steel and Semiconductor Imports The Trump administration is preparing a new round of tariffs targeting *steel and semiconductor chip imports*, according to industry sources. The proposal includes initially modest duties that could e...
