China’s Local Governments Issue RMB 489 Billion in Special Bonds in August Local governments in China issued *RMB 489 billion ($68.9 billion)* in new special bonds in *August 2025*, according to the *Ministry of Finance*. This represents a *20.7 percent decrease from July*, ...
US DOE Cancels $13 Billion in Climate Funds, Refocuses on Energy Security The *US Department of Energy (DOE)* has announced plans to *return more than $13 billion in unobligated climate funds*, redirecting resources toward *traditional energy security priorities*. Energy S...
US Standard Pipe Imports Down 20.3 Percent in July According to *final census data from the US Department of Commerce*, US imports of standard pipe totaled *59,201 metric tons in July 2025*, marking a *20.3 percent decline from June* and a *10.7 perce...
Ukraine Sees Growth Potential in GDP Despite War Challenges During the *Ukrainian Economic Stability Week*, officials highlighted *Ukraine’s potential GDP growth* despite the ongoing war. Challenges include *population decline, migration, weak productivity gro...
EU to Announce New Steel Import Safeguards by Mid-October The *European Commission* will introduce *new protective measures on steel imports by mid-October*, replacing existing rules. According to *EUROFER*, the measures will *secure EU steel capacity* and ...
BHP to Invest AUD 1.4B in Port Hedland Ore Capacity Mining giant *BHP* will invest *AUD 1.4 billion (USD 924M)* to modernize *Port Hedland infrastructure in Western Australia*. The project will *add a sixth car dumper (CD6), new conveyors, and upgrade...
China’s Shipbuilding Output to Reach 51M dwt in 2025 China’s shipbuilding industry is forecast to produce *51M dwt in 2025*, up *5.85% from 48.18M dwt in 2024*, according to *CANSI*. By end-2025, total ship orders at Chinese yards are expected to hit *...
Feralpi Group Posts €37.7M Loss Despite Record Investments Italian steelmaker *Feralpi Group* reported a *€37.7 million net loss in 2024*, despite *€223 million in technical projects* (80% ESG-focused). The group produced *2.6 Mt of steel (-6.4% YoY)* with *...
JD Fields HDM to Invest $50M in New Maryland Steel Mill The *Maryland government (US)* has confirmed a *$50 million investment* by *JD Fields HDM Spiralweld Mill LLC* to establish a new *steel pipe pile mill* at Tradepoint Atlantic. The project will creat...
Salzgitter Delays Green Steel Expansion Amid Market Challenges German producer *Salzgitter AG* has delayed the *next expansion phases* of its flagship *Salcos green steel project* by three years due to *unfavorable market and regulatory conditions*. The *first p...
Severstal Completes Major Overhaul of Hot Rolling Mills Russian steelmaker *Severstal* has successfully completed a *major overhaul of its hot rolling mills 1700 and 2800* at its CherMK plant. The upgrade improves *reliability, cost efficiency, and produc...
China’s Steel Sheet/Plate Exports Decline 15.1% in August 2025 China’s exports of *steel sheet/plate dropped sharply* in August to *5.63 million metric tons*, marking a *15.1% year-on-year decrease* and an *8.2% decline month-on-month*, according to official cust...
