Bangladesh's BMSIL to Become the Country's First Rebar and Wire Rod Producer *Bangladesh's Bashundhara Multi Steel Industries Limited (BMSIL)* is set to establish the world’s largest *single strand mini mill* for long steel production, making it the country's *first producer o...
India's DGTR Recommends 12% Temporary Safeguard Duty on Flat Steel Imports India's Directorate General for Trade Remedies (DGTR) has officially recommended a *temporary 12% safeguard duty* on imports of flat steel products for a period of *200 days*. This recommendation, whi...
ArcelorMittal to Shut Down Italian Plant Near Avellino Amid Market Challenges *ArcelorMittal* has announced plans to *close its steel plant near Avellino, Italy*, as part of a restructuring strategy aimed at optimizing operations in response to *shifting market conditions and e...
EU Tightens Controls on Steel and Aluminum Imports Amid Global Trade Tensions The European Union (EU) is preparing to implement stricter controls on steel and aluminum imports to safeguard its markets from potential dumping of diverted global supplies. A draft action plan by th...
UK Steel Industry Faces Challenges Amid U.S. Tariffs and Market Pressures The UK's steel sector is confronting significant challenges following the U.S. administration's imposition of a 25% tariff on steel imports, effective March 12, 2025. This development has led to immed...
Trump May Allow Sale of US Steel to Nippon Steel as DOJ Files Motion for Extension The *US Department of Justice (DOJ)* has filed a motion seeking an extension in the lawsuit between *United States Steel (US Steel)* and *Nippon Steel* against the *Committee on Foreign Investment in ...
Argentina Approves $3 Billion Investment for New Pipeline to Boost Oil Exports Argentina has approved a significant investment to support the construction of a new pipeline linking the *Vaca Muerta shale formation* to a port in the *Rio Negro province*. The *$3.0 billion* projec...
UK Steel Proposes New Mechanism to Address High Electricity Prices and Enhance Competitiveness The UK-based trade association *UK Steel* has proposed the development of a new mechanism to tackle the *uncompetitive electricity prices* that the UK steel industry faces—prices that are up to *50% h...
Australia to Boost Green Metals Production with A$750 Million Funding The Australian federal government has announced a significant funding initiative aimed at boosting *green metals production* and ensuring the long-term competitiveness of domestic metals producers in ...
ArcelorMittal and Siemens Energy Join Forces for Decarbonization Efforts and High-Grade Steel Solutions ArcelorMittal Europe - Flat Products, a subsidiary of the Luxembourg-headquartered steel giant ArcelorMittal, has announced a strategic partnership with *Siemens Energy* to provide high-grade steel so...
India and New Zealand Resume Free Trade Agreement Negotiations After 8-Year Pause India and New Zealand have officially resumed talks for a Free Trade Agreement (FTA), which had been stalled since 2015. The announcement was made by India's Ministry of Commerce on *Monday, March 17*...
EU trade restrictions on Ukraine: Taras Kachka spoke about the state of negotiations Taras Kachka, Ukraine’s *Deputy Minister for Economy and Trade Representative*, has clarified that *only agricultural products require export regulation* to the European Union, while *industrial goods...
