EU Warns of Response if US Raises Auto Tariffs to 25% The European Union has warned it is prepared to take action if the United States proceeds with plans to increase tariffs on EU car imports to *25%*. The warning follows comments by US President Donal...
EU Scrap Market Stabilizes in 2025 as Weak Steel Output Limits Demand The European Union’s scrap market showed signs of stabilization in 2025, although weak steel production continued to weigh on domestic demand. According to market estimates: *EU scrap demand fell 2...
Nucor Posts Strong Q1 2026 Earnings on Record Shipments US steelmaker *Nucor Corporation* reported strong first-quarter 2026 earnings, supported by record steel mill shipments and stronger pricing. *Q1 2026 Highlights** *Net earnings: $743 million* *Net...
India Returns as Net Finished Steel Exporter After Two Years India became a *net exporter of finished steel* in fiscal year *2025-26*, ending a two-year gap. Provisional government data showed: *Finished steel exports: 6.6 million mt* (*+36% YoY*) *Finished...
IREPAS Producers Warn of Rising Costs and Weak Steel Demand Steel producers speaking at IREPAS 2026 said the global steel sector remains under pressure from high costs, weak growth, and regulatory uncertainty. Alexander Gordienko of Spain’s CELSA Group said p...
IREPAS: Tight Scrap Supply and Geopolitics Reshape Global Raw Materials Market At the SteelOrbis 2026 Spring Conference & 94th IREPAS Meeting in Amsterdam, raw material suppliers warned that tighter scrap availability and geopolitical risks are reshaping global markets. Jens Bj...
India and New Zealand Sign Free Trade Agreement, Implementation Expected by End-2026 India and New Zealand have signed a comprehensive *Free Trade Agreement (FTA)*, with provisions expected to come into force by *December 2026*. According to official statements, the agreement provide...
Pakistan Extends Antidumping Duty on Chinese Steel Billets for Five Years Pakistan’s National Tariff Commission has decided to continue antidumping duties on steel billet imports from China following its second sunset review. The authority confirmed a *24.04% antidumping d...
Goa Launches Second Auction of Idle Low-Grade Iron Ore Dumps The government of Goa has launched a second attempt to auction *24 idle low-grade iron ore dumps* after weak participation in earlier tenders. According to officials, the new e-auction process includ...
China Signals Tighter Steel Capacity Controls and Industry Reform The China Iron and Steel Association (*CISA*) has indicated that China will tighten capacity controls and accelerate structural reforms across its steel sector. Speaking at the 2026 Steel High-Qualit...
Steel Dynamics Q1 Earnings Jump on Record Shipments and Higher Steel Prices US-based steelmaker *Steel Dynamics* has reported sharply stronger financial results for the first quarter of 2026, driven by record steel shipments and improved pricing. For the quarter ended March ...
India and South Korea Target $50 Billion Trade by 2030 India and South Korea have agreed to deepen economic cooperation with a goal of increasing bilateral trade to *$50 billion by 2030*. The two countries will resume negotiations to upgrade their existi...
