US Coil Plate Imports Surge 75.8% in May 2025, Led by Canada and Turkey U.S. imports of *plates in coil rose sharply by 75.8% in May 2025* compared to the previous month, according to *preliminary data from the U.S. Department of Commerce*. A total of *100,062 metric tons...
SAIL’s Q1 Net Profit Soars Over 800% to ₹7.44 Billion in FY 2025–26 *Steel Authority of India Limited (SAIL)* has reported a massive turnaround in its financial performance, posting a *consolidated net profit of ₹7.44 billion ($86.04 million)* in the *first quarter (A...
EUROFER Warns of Continued Pressure on EU Steel Industry Despite US-EU Trade Deal The *European Steel Association (EUROFER)* has issued a cautious response to the recently announced *US-EU trade agreement*, warning that while a full-blown trade conflict may have been avoided, *seri...
US Cold Finished Bar Exports Rise 14.9% in May 2025, Led by Demand from Mexico and Canada *US exports of cold finished bar climbed 14.9% in May 2025*, reaching *8,770 metric tons (mt)*, according to the latest data from the *US Department of Commerce*. Despite the monthly gain, this figure...
US and EU Reach Landmark Trade Deal, Agree to 15% Tariff on Most EU Imports The *United States and the European Union have struck a major trade agreement* that averts a growing tariff standoff and sets a new path for transatlantic economic cooperation. Under the *framework d...
EU Extends Antidumping Duties on Chinese Organic Coated Steel Following Review The *European Commission has decided to maintain existing antidumping (AD) duties on certain organic coated steel imports from China*, following the conclusion of an expiry review initiated earlier th...
India Plans to Mandate Green Steel in Public Projects as Part of $1.73 Billion Decarbonization Push The *Indian government is developing a policy to mandate the use of green steel in public procurement*, marking a major step in its efforts to decarbonize the steel sector and meet its net-zero goals....
Canada Unveils Sweeping Measures to Protect Domestic Steel Industry Amid Global Trade Tensions In response to growing global trade tensions and fears of steel market destabilization, *Canadian Prime Minister Mark Carney* has announced a sweeping package of *trade defenses and industrial support...
U.S. Launches Section 301 Investigation Into Brazil’s Trade Practices, 50% Tariff to Take Effect August 1 The *United States Trade Representative (USTR)* has initiated a *Section 301 investigation into Brazil*, following a directive from *President Donald Trump*. The move, announced on *July 15*, places B...
EU Delays Reintroduction of Country-Specific Steel Quotas to August 1 The *European Commission* has announced a *one-month delay* in the reintroduction of *country-specific quotas* for imports of *angles, shapes, and sections of iron or non-alloy steel* (Category 17), a...
Indonesia Advances Trade Deal with EU, Secures Tariff Relief from U.S. Indonesia is making significant strides in its global trade strategy, securing key progress on two fronts: a breakthrough in its long-stalled *Comprehensive Economic Partnership Agreement (CEPA)* with...
UK Government Extends Countervailing Duties on Chinese Organic Coated Steel Imports Until 2029 The UK government has officially extended *countervailing duties (CVD)* on imports of *organic coated steel products from China* for another five years, following a recommendation by the *Trade Remedi...
