World Bank: EU's CBAM to impact Indian exports of steel and aluminium The European Union's *Carbon Border Adjustment Mechanism (CBAM)* is set to affect *Indian exports*, especially in sectors like *steel, aluminium*, and other *high-emission industries*, according to *T...
New US steel import tariff to hit transshipping of China's steel, intensifying global competition A recent Reuters report highlights that the *US's new 25 percent tariff on steel imports* is likely to *disrupt the supply chain transporting steel from China to the US via third countries*. This move...
Steel output and sales in Vietnam fall in January According to the *Vietnam Steel Association (VSA)*, *finished steel production* in Vietnam for *January* totaled *2.3 million mt*, marking a *7.9% month-on-month decline* and a *9.2% drop compared to ...
Trump: US to go ahead with tariffs on Canada and Mexico as scheduled *US President Donald Trump has confirmed that the US will proceed with its plans to impose a 25% additional tariff on imports from Canada and Mexico, as scheduled*, according to media reports. Earlie...
EC to discuss future of steel industry in face of market challenges The European Commission is launching a Strategic Dialogue on Steel to chart a new course for the European steel industry, which is currently grappling with a range of unprecedented challenges, includi...
EU receives first requests from non-OECD countries for inclusion on WSR list The European Commission has unveiled a major update to the Waste Shipments Regulation (WSR), introducing tighter rules on waste exports to non-OECD countries, including a full ban on such exports by M...
Rumors about steel output cuts in China support futures, but fail to push up spot prices much Today, Wednesday, February 26, news has emerged about China planning to cut crude steel production in the 2025-2027 period, bolstering the weak market sentiments seen early this week. Nevertheless, mo...
Ukraine Exported 49.9 Thousand Tons of Long Steel Products in January Ukraine’s steel industry continues to navigate complex market conditions, exporting *49.9 thousand tons* of long steel products in January. Despite geopolitical and economic challenges, the country re...
US Steel Trade Trends: Structural Pipe and Tube Exports Drop as Plate-in-Coil Imports Surge in December New trade data from December highlights a significant divergence in the U.S. steel market. Structural pipe and tube exports declined by 19.1% compared to November, reflecting weaker demand for U.S.-ma...
US senators seek to strengthen trade remedy laws against China's "unfair trade practices" US senators Todd Young and Tina Smith have introduced legislation to strengthen US trade remedy laws and ensure they remain effective tools to fight against unfair trade practices. Besides improving t...
Outokumpu to procure molybdenum from Greenland for stainless steel production Finland-based stainless steel producer Outokumpu has announced that it has signed an agreement with Canadian miner Greenland Resources Inc. for the supply of molybdenum at a competitive price for 10 y...
EU expects €28 billion loss in exports due to US steel and aluminum tariffs According to a report by Bloomberg, the first round of the US president Donald Trump's new steel and aluminum tariffs is expected to cost the European Union member states up to €28 billion in lost exp...
