US and Canada Rig Count Increases by 10 Units in Week 25 ** ** The combined oil and gas rig count in the United States and Canada increased during Week 25 of 2026, reflecting continued activity in the North American energy sector. According to the latest in...
Brazil's Steel Production and Domestic Sales Increase in May Brazil's steel industry recorded growth in both production and domestic sales in May 2026, reflecting stronger market activity compared to the same period last year. Crude steel production reached *2....
European Parliament Approves EU-US Trade Deal Addressing Steel Tariffs ** ** The European Parliament has approved a trade agreement between the European Union and the United States aimed at reducing trade tensions and providing greater certainty for businesses on both si...
Midrex to Supply 2.5 Million mt/year DRI Plant for US Steel’s Big River Steel Works ** ** Midrex Technologies has been selected to supply a *2.5 million metric tons per year direct reduced iron (DRI) plant* for *US Steel's Big River Steel Works* facility in Osceola, Arkansas. The pro...
US Releases Preliminary AD Review Results on Welded Pipe from South Korea The US Department of Commerce (DOC) has announced the preliminary results of its antidumping (AD) duty administrative review covering welded pipe imports from South Korea. The review examined two majo...
Brazil's HDG Exports and Imports Record Sharp Declines in May Brazil's trade activity for hot-dip galvanized (HDG) steel products weakened significantly in May 2026, with both exports and imports posting substantial declines compared to the previous month. HDG e...
US Raw Steel Production Falls 1.2% in Week 24 US raw steel production totaled 1.854 million net tons in the week ending June 13, 2026, down 1.2% from 1.877 million net tons recorded in the previous week. The capacity utilization rate also decline...
US Announces Preliminary Anti-Dumping Results on Circular Welded Pipe Imports from UAE The *US Department of Commerce (DOC)* has released the *preliminary results of its administrative review* concerning the antidumping (AD) duty order on *circular welded carbon-quality steel pipe (CWP)...
EU Officially Adopts New Steel Trade Measure to Strengthen Industry Protection The European Union has formally adopted a new steel trade measure aimed at protecting its domestic steel industry from the effects of global overcapacity and rising import pressure. The new framework ...
Argentina’s Vehicle Production Shows Modest Recovery in May Despite Ongoing Market Challenges Argentina's automotive industry recorded a slight improvement in production during May 2026, offering signs of stability after a difficult start to the year. According to data released by the country'...
Chinese Rebar Prices Fall 1.6% as Construction Demand Remains Weak *Domestic rebar prices in China continued to move lower in late May as weak construction activity and cautious purchasing sentiment weighed on market demand.* Average rebar prices across major Chines...
Massive Fire at Brampton Scrap Yard Prompts Review of Industrial Safety Measures *A major fire at a scrap recycling facility in Brampton, Ontario has raised concerns over industrial safety, emergency response preparedness and environmental risks associated with large-scale recycli...
