US steel industry endorses new tariffs on imports The United Steelworkers (USW) union, the Steel Manufacturers Association (SMA), the American Iron and Steel Institute (AISI) and US steelmaker Nucor Corporation have made positive statements regarding...
Vietnam's steel imports down 36 percent in January from December In January this year, Vietnam's steel imports amounted to 950,221 mt, down 36.0 percent compared to December, while its scrap imports decreased by 51.1 percent month on month to 301,290 mt, according ...
EUROFER: Weak demand depresses tube output in EU According to the Economic and Steel Market Outlook 2025-2026/Q1 2025 Report from the Economic Committee of the European Steel Association (EUROFER), in the third quarter of this year the output of the...
Brazilian steel institute issues note on steel import tariff in the US The Brazilian steel institute, IABr, reported the surprise decision of the US government to impose a 25 percent import tariff for all steel products, independently of origin, which in Brazil's case, c...
Baosteel Raises Flat Steel Prices for March Sales Amid Tightening Market Conditions Baosteel, one of China’s leading steel producers, has announced an increase in its flat steel prices for March sales. This strategic price adjustment comes as the company faces robust market demand co...
Canadian Steel Industry Reels from US Policy Shift: Firms Call It a “Stab in the Back” Recent reports reveal that the Canadian steel industry is facing significant turmoil following a series of US policy changes that many in the sector have harshly criticized as a “stab in the back.” Th...
Qatar Steel and Bahrain Steel Sign $1,266 Billion Raw Material Supply Deal to Strengthen Regional Supply Chains In a major development for the Middle Eastern steel sector, Qatar Steel and Bahrain Steel have finalized a strategic raw material supply agreement valued at 1,266 billion. This landmark deal is design...
Global Hot-Rolled Coil Prices Continue Rising Since Year’s Start Recent market analysis reveals that hot-rolled coil (HRC) prices have experienced a consistent increase in most global markets since the beginning of the year. This upward trend is largely driven by t...
Nucor raises HRC prices for the third time since the beginning of the year US steelmaker Nucor has announced its third price increase for Hot-Rolled Coil (HRC) products since the start of the year, underscoring the persistent volatility in the steel market. This latest adjus...
Nissan to Boost Green Steel Usage Fivefold in Japan to Accelerate Sustainable Manufacturing Nissan has announced an ambitious plan to significantly enhance its commitment to sustainability by increasing its use of green steel in Japan by five times. This strategic initiative is designed to t...
Ukraine’s Steel Producers Contribute 6.2 Billion UAH in Taxes and Fees Over Five Years Recent data reveals that Ukraine’s steel industry has made a significant fiscal contribution by paying 6.2 billion UAH in taxes and fees over the past five years. This figure underscores the critical ...
EU Steel Industry Losing Ground in the Global Market: A Closer Look A recently released infographic highlights a concerning trend: the EU steel industry is gradually losing its competitive position in the global market. The data paints a stark picture of the challenge...
