EUROFER: EU Steel Demand Weakens in Q2 2025 as Industrial Activity Declines The latest *Economic and Steel Market Outlook 2025–2026* from EUROFER reports that *EU-27 apparent steel consumption fell 1.8 percent year on year* in the second quarter of 2025, reaching *34.3 millio...
Algoma Steel Issues 1,000 Layoff Notices Amid Tariffs and Shift to EAF Production Canada’s *Algoma Steel has issued layoff notices to roughly 1,000 employees* at its Sault Ste. Marie plant, with the changes scheduled to take effect on *March 23, 2026*. The company cited a combinati...
Thyssenkrupp Steel Confirms Major Restructuring: Production Cut and 11,000 Job Reductions German steelmaker *Thyssenkrupp Steel has finalized a comprehensive restructuring agreement* with the IG Metall union and employee representatives, marking a decisive step in its long-running transfor...
Australian Steelmakers Seek Emergency Safeguards as Structural Steel Imports Surge The *Australian Steel Institute (ASI)* has issued an urgent warning over a *rapid surge in fabricated structural steel imports*, stating that the influx is causing *serious injury* to Australia’s dome...
Global Stainless Steel Production Rises 2.3% Year on Year in Q3 2025 Global stainless crude steel production totaled *16.07 million metric tons* in the third quarter of 2025, down *1.8% quarter on quarter* but *up 2.3% year on year*, according to preliminary data from ...
Vietnam Launches Review of Antidumping Duties on Chinese H-Beam Steel Vietnam’s Ministry of Industry and Trade (MOIT) has officially initiated a review of existing antidumping (AD) duties on certain H-beam steel imports from China. The review period will cover *October...
Emsteel Secures 20-Year ADNOC Gas Deal to Accelerate UAE’s Green-Steel Expansion Emsteel, the UAE’s largest domestic steel producer, has signed a * 20-year natural gas supply agreement * with Abu Dhabi National Oil Company (ADNOC), valued between * $3.5 billion and $4.2 billion * ...
China’s Steel Industry Returns to Profit With RMB 105.32 Billion Gain in Jan–Oct China’s ferrous metal smelting and rolling sector recorded a * gross profit of RMB 105.32 billion ($14.8 billion) * from January to October, rebounding sharply from a * gross loss of RMB 23.32 billion...
POSCO Officially Ends Decades-Long Alliance With Nippon Steel South Korea’s POSCO Holdings has formally ended its longstanding equity partnership with Japan’s Nippon Steel after deciding to sell its remaining * 39.2 million shares * through a block deal, accordi...
Hyundai Steel to Provide Low-Carbon Steel for South Korea’s National Power Grid Expansion Hyundai Steel has signed a memorandum of understanding (MoU) with * Korea Electric Power Corporation (KEPCO) * and the * Korea Electrical Manufacturers’ Cooperative * to secure the long-term supply of...
U.S. Extends Emissions Compliance Deadlines for Coke Oven Plants to Protect Steel Supply The White House has issued a formal proclamation granting certain U.S. coke oven processing facilities a * two-year exemption * from compliance with the new emissions-control standards under the * 202...
South Korea Imposes Five-Year Antidumping Duties on Chinese Steel Plate Imports South Korea’s Ministry of Economy and Finance has issued * Decree No. 1145 * , confirming the introduction of * five-year antidumping (AD) duties * on Chinese-produced medium and heavy steel plates, i...
