Ukrainian Parliament’s Economic Committee Seeks CBAM Postponement The Parliamentary Committee on Economic Development of Ukraine has appealed to the government to initiate a postponement of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Ukraine. They propose...
Ukrainian Businesses Urge Government to Address CBAM Threat Ukrainian industrial associations are calling on the government to urgently request a postponement of the EU’s Carbon Border Adjustment Mechanism (CBAM) implementation for Ukraine. They warn that with...
Kazakhstan Plans Six-Month Ban on Billet Exports Kazakhstan is preparing to implement a six-month ban on the export of steel billets, aiming to encourage domestic production of higher value-added products. The Ministry of Industry and Construction h...
EU Presents New Trade Proposal to the U.S. Amid Tariff Threats The European Union has shared a revised trade proposal with the U.S., aiming to inject momentum into talks with President Donald Trump's administration. The proposal includes plans to hit €95 billion ...
Iron Ore Prices Decline Amid Slowing Chinese Steel Demand Iron ore futures have posted a weekly loss due to mounting concerns over demand prospects in top consumer China. The September contract for iron ore on China's Dalian Commodity Exchange ended the morn...
U.S. Panel Divided Over Nippon Steel's Bid for U.S. Steel A U.S. national security panel, the Committee on Foreign Investment in the U.S. (CFIUS), is divided over Japan's Nippon Steel's $14 billion bid to acquire U.S. Steel. While a majority believe associat...
Global Scrap Prices on the Rise in May 2025 Global scrap metal prices have experienced an uptick across most regions since the beginning of May 2025, driven by factors such as limited supply, increased export demand, and stabilization in the st...
India's Coal-Heavy Steel Expansion Threatens Global Decarbonization Goals India's ambitious plan to expand its steel production capacity from 200 million to over 330 million tonnes by 2030 poses significant challenges to both national climate goals and global decarbonizatio...
Kobe Steel Cuts Decarbonization Budget Amid Global Market Uncertainty *Kobe Steel* has revised its investment strategy for the *2024–2026* period, *scaling back its decarbonization spending* in response to *growing global economic uncertainty*. The decision reflects the...
Global Crude Steel Output Inches Up 0.3% in April, Despite Regional Variations *Global crude steel production rose slightly by 0.3% year-on-year in April*, reaching *155.7 million metric tons (mt)*, according to the latest data from the *World Steel Association (worldsteel)*. H...
Fives Installs Advanced Oxygen System at SN Maia to Boost Furnace Efficiency *France-based engineering firm Fives Group has successfully implemented a new oxygen enrichment system at SN Maia Siderurgia Nacional*, marking its first such project on an existing billet reheating f...
PBOC Cuts Loan Prime Rate for First Time Since October, but Steel Market Remains Unmoved The *People's Bank of China (PBOC) lowered its benchmark loan prime rates (LPR) on May 20*, marking the first cut since October last year. The *one-year LPR was reduced from 3.1% to 3.0%*, and the *fi...
