Chinese HRC Exports to Gulf Halted as Conflict Disrupts Strait of Hormuz Shipping Chinese exporters of hot rolled coil (HRC) are facing growing disruptions in shipments to the Gulf region as escalating tensions involving the *United States, Israel and Iran* create uncertainty aroun...
India’s Steel Imports Surge in FY2025-26 as Domestic Consumption Expands India increased its *imports of rolled steel by 36.6% year-on-year to 6.02 million tons* during the *first 11 months of the 2025–2026 fiscal year (April 2025 – February 2026)*, according to *prelimina...
Global Ferrous Scrap Markets Show Mixed Price Trends in February 2026 The *global ferrous scrap market recorded mixed price movements in February 2026*, with *prices rising in Europe and China while declining slightly in Turkey and the United States*. Despite these flu...
China’s 2026 Industrial Strategy Expected to Boost Stainless Steel Demand China’s *2026 government work report*, presented during the *National People’s Congress*, signals policies that could *significantly support demand for stainless steel*, according to analysis by Myste...
EU Considers Short-Term Measures to Reduce Energy Costs for Industry The *European Union is exploring short-term policy options to reduce energy cost pressures on industry*, according to a *European Commission document cited by Reuters*. The proposals are expected to ...
EU Long Steel Imports Rise Sharply in 2025 Amid Recovering Construction Demand The *European Union increased its imports of long steel products by 17.2% year-on-year in 2025*, reaching *8.43 million metric tons*, reflecting *a gradual recovery in demand from the construction and...
India’s NMDC Raises Iron Ore Prices for Lumps and Fines India’s state-owned mining company *NMDC Limited* has *increased the prices of iron ore lumps and fines with immediate effect*, according to company sources on *March 6*. The price of *iron ore lumps...
US Sets Preliminary Subsidy Rates in CVD Review of South Korean Cold-Rolled Steel The *US Department of Commerce* has released the *preliminary results of its administrative review of the countervailing duty (CVD) order* on *certain cold-rolled steel flat products from South Korea*...
Vietnam Approves $3.1 Billion VinMetal Steel Plant Project in Ha Tinh Authorities in *Ha Tinh province, Vietnam*, have approved a major investment project by *VinMetal Joint Stock Company for Manufacturing and Trading* to build a large steel production facility in the *...
US Commerce Department Finds No Dumping by Germany’s Dillinger in Steel Plate Review The *US Department of Commerce (DOC)* has concluded that *AG der Dillinger Hüttenwerke*, a German steel producer, *did not dump certain carbon and alloy steel cut-to-length plate in the US market* dur...
Italian Steel Industry Says EU Industrial Accelerator Act Lacks “Made in Europe” Rules for Steel Italy’s steel producers association *Federacciai* has criticized the *Industrial Accelerator Act (IAA)* proposed by the *European Commission*, arguing that the initiative *does not adequately support ...
EU Proposes Industrial Accelerator Act to Boost Low-Carbon Manufacturing and Strategic Industries The *European Commission* has unveiled the *Industrial Accelerator Act (IAA)*, a legislative proposal aimed at strengthening Europe’s industrial base while *stimulating demand for low-carbon and EU-ma...
