Shandong Steel Forecasts Return to Profit in First Half of 2025 *Shandong Iron and Steel Company Ltd* has announced that it expects to post a *gross profit of RMB 293 million ($41 million)* for the first half of 2025, marking a dramatic turnaround from a *gross lo...
France Urges Tougher EU Tariffs on Chinese Imports to Shield European Industry France is calling on the European Union to *expand and intensify tariffs on Chinese imports*, warning that *China’s industrial overcapacity poses a serious threat* to Europe’s economic foundation. Sp...
Australia Expects $19 Billion Drop in Iron Ore Export Revenue by 2027 Australia anticipates a $19 billion decline in iron ore export revenues by 2027, driven by cooling demand from China and a global pivot toward greener alternatives. The forecast reflects both short-te...
Steel Import Quotas to EU Exceeded Early in Q3 A number of countries have already surpassed their EU steel import quotas for Q3, signaling robust demand and tight supply within the bloc. This rapid quota exhaustion could lead to higher import duti...
ArcelorMittal Kryvyi Rih Joins Veteran Support Initiative ArcelorMittal Kryvyi Rih has officially joined a nationwide initiative to support Ukrainian veterans, committing resources and programs to aid former servicemen and women returning to civilian life. T...
Turkey Approves Plans to Launch Carbon Market Turkey has officially approved plans to launch a national carbon market, aiming to accelerate its alignment with global emissions reduction efforts. The initiative includes establishing a carbon prici...
EU to Fund 94 Transport Projects Under CEF Program The European Union has approved funding for 94 transport infrastructure projects under the Connecting Europe Facility (CEF). These initiatives aim to strengthen Europe’s transport networks, with a str...
EU State Aid Program Tied to National Implementation The EU has launched a new state aid framework aimed at supporting green transition and infrastructure development. However, funding allocations and implementation will heavily rely on individual membe...
USPP Urges CBAM Postponement to Support Ukrainian Exports The Ukrainian Steel Producers’ Union (USPP) has urged the government to seek postponement of the EU’s Carbon Border Adjustment Mechanism (CBAM) for Ukrainian steel exports. In light of ongoing conflic...
Interpipe Requests Veteran Support Services Interpipe, a leading Ukrainian steel and railway equipment producer, has advocated for the creation of veteran patronage services to support employees demobilized from military service. The company em...
Major Overhaul Underway at Kametstal Power Plant Kametstal’s thermal power plant has started major overhaul work on Boiler Unit No. 9, marking the first full-scale refurbishment in years. Activities include tube replacement, combustion chamber resto...
India & UAE in Talks for Green Steel Alliance India and the UAE are negotiating a strategic partnership aimed at jointly producing green steel, blending India’s raw material strengths with the UAE’s renewable energy capacity. Through collaborativ...