Taiwan Imposes Temporary Anti-Dumping Duties on Chinese Hot-Rolled Steel Imports Taiwan has announced the imposition of *temporary anti-dumping duties on certain Chinese hot-rolled steel products*, following a preliminary investigation that found evidence of unfair pricing practic...
Fitch Ratings Holds Iron Ore, Coking Coal Price Forecasts Steady Through 2026 Amid Weak Chinese Demand *Fitch Ratings* has maintained its price forecasts for *coking coal and iron ore* through *2025 and 2026*, citing continued pressure from *sluggish steel demand in China* and broader global economic u...
India's Stainless Steel Demand Sees 8% Growth in FY 2024-25 Amid Import Challenges India's domestic stainless steel consumption rose to *4.85 million metric tons* in the fiscal year *2024-25*, marking an *8 percent increase year-on-year*, according to the *Indian Stainless Steel Dev...
Global Crude Steel Output Falls 3.8% in May Amid Sharp Declines in Asia *Global crude steel production dropped by 3.8% year on year in May 2025*, totaling *158.8 million metric tons*, according to data released by the *World Steel Association (worldsteel)*. For the *Janu...
UK Steel Applauds Industrial Strategy Targeting Lower Energy Costs *UK Steel, the leading trade association for the British steel industry, has welcomed the UK government’s new Industrial Strategy*, which aims to *cut industrial electricity costs* and *boost the sect...
Severstal Unveils New RUB 1 Billion Piling Pipe Line in Russia’s Vologda Region *Russian steel giant Severstal has launched a new piling pipe production line* at its *Cherepovets Metallurgical Plant (CherMK)* in *Sheksna, Vologda region*, marking a key investment in its infrastru...
Turkey Extends Antidumping Duties on Steel Tubes and Hollow Sections from China, Taiwan *Turkey will maintain its antidumping (AD) duties on imports of certain steel tubes and hollow sections from China and Taiwan*, following the conclusion of a *sunset review*, the Ministry of Commerce ...
India Keeps Shipping Rates Steady Amid Iran-Israel Tensions, Eyes Contingency Plans *Shipping rates from India remain stable despite escalating tensions between Iran and Israel*, government officials confirmed on *Tuesday, June 24*. However, the Indian government is *closely monitori...
US Cold Rolled Coil Imports Drop Nearly 10% in April *US imports of cold rolled coil (CRC) declined by 9.5% in April* compared to the previous month, according to *preliminary data from the US Department of Commerce*. Total CRC imports amounted to *106...
Gallantt Ispat Secures Iron Ore Reserves in Uttar Pradesh, Boosts Self-Sufficiency *Gallantt Ispat Limited (GIL)*, a major Indian producer of billets and rebars, has *secured two iron ore blocks in Uttar Pradesh's Sonbhadra district* through a government auction, the company announc...
Brazil Sees Drop in Steel Import Freight Rates in May *Brazilian finished steel imports saw a drop in freight rates in May*, according to data released by *COMEX*, the country's foreign trade authority. The average freight cost for *steel imports in May ...
Tensions in Middle East Raise Fears of Strait of Hormuz Closure, Triggering Oil Price Spike and Global Shipping Disruptions Fears of a *potential closure of the Strait of Hormuz by Iran* are mounting after *Iranian authorities and parliament threatened action* in response to *U.S. airstrikes on Iranian nuclear sites* over ...
