Baosteel Reports 8.6% Drop in Q1 Net Profit Despite Higher Revenue China’s leading steel producer *Baoshan Iron & Steel Co., Ltd.* reported weaker profitability in the first quarter of 2026, despite posting higher sales revenue. For the January–March period, the com...
India’s NMDC Raises Iron Ore Prices Effective May 6 India’s state-owned mining giant *NMDC Limited* has increased prices for iron ore lumps and fines effective *May 6, 2026*, according to market and company sources. Under the latest revision: Iron o...
Ukraine’s Rolled Steel Market Falls Up to 45% in Q1 2026 as Logistics Costs Surge Ukraine’s rolled steel market faced significant headwinds in the first quarter of 2026, with demand dropping sharply while transportation costs continued to climb, putting heavy pressure on distributo...
US Maintains Antidumping Orders on PC Strand From 15 Countries The US Department of Commerce (*DOC*) has issued final results of its sunset reviews on antidumping duty orders covering *prestressed concrete steel wire strand (PC strand)* imports from *15 countries...
WTO Reviews 38 Safeguard Cases, Steel Measures Dominate Discussions The World Trade Organization (*WTO*) Committee on Safeguards reviewed *38 safeguard actions* during its April 27 meeting, with steel-related measures accounting for a major share of discussions. Of t...
EU Warns of Response if US Raises Auto Tariffs to 25% The European Union has warned it is prepared to take action if the United States proceeds with plans to increase tariffs on EU car imports to *25%*. The warning follows comments by US President Donal...
EU Scrap Market Stabilizes in 2025 as Weak Steel Output Limits Demand The European Union’s scrap market showed signs of stabilization in 2025, although weak steel production continued to weigh on domestic demand. According to market estimates: *EU scrap demand fell 2...
Nucor Posts Strong Q1 2026 Earnings on Record Shipments US steelmaker *Nucor Corporation* reported strong first-quarter 2026 earnings, supported by record steel mill shipments and stronger pricing. *Q1 2026 Highlights** *Net earnings: $743 million* *Net...
India Returns as Net Finished Steel Exporter After Two Years India became a *net exporter of finished steel* in fiscal year *2025-26*, ending a two-year gap. Provisional government data showed: *Finished steel exports: 6.6 million mt* (*+36% YoY*) *Finished...
IREPAS Producers Warn of Rising Costs and Weak Steel Demand Steel producers speaking at IREPAS 2026 said the global steel sector remains under pressure from high costs, weak growth, and regulatory uncertainty. Alexander Gordienko of Spain’s CELSA Group said p...
IREPAS: Tight Scrap Supply and Geopolitics Reshape Global Raw Materials Market At the SteelOrbis 2026 Spring Conference & 94th IREPAS Meeting in Amsterdam, raw material suppliers warned that tighter scrap availability and geopolitical risks are reshaping global markets. Jens Bj...
India and New Zealand Sign Free Trade Agreement, Implementation Expected by End-2026 India and New Zealand have signed a comprehensive *Free Trade Agreement (FTA)*, with provisions expected to come into force by *December 2026*. According to official statements, the agreement provide...
