Massive Fire at Brampton Scrap Yard Prompts Review of Industrial Safety Measures *A major fire at a scrap recycling facility in Brampton, Ontario has raised concerns over industrial safety, emergency response preparedness and environmental risks associated with large-scale recycli...
China’s Finished Steel Inventories Fall 1.6% as Market Shipments Remain Steady *Inventories of major finished steel products in China continued to decline in late May, indicating relatively stable market shipments despite ongoing concerns over steel demand.* According to the la...
CBAM Raises Concerns Over Africa's Manufacturing Competitiveness *The United Nations Economic Commission for Africa has warned that the European Union’s Carbon Border Adjustment Mechanism could create new challenges for Africa’s industrialization, export competitiv...
Taiwan Imposes Provisional Anti-Dumping Duties on Electrical Steel Imports *Taiwan has imposed provisional anti-dumping duties on imports of cold-rolled flat non-oriented electrical steel from South Korea and China, with the measure set to take effect on June 8, 2026.* The ...
Chile’s Economic Activity Declines in April Amid Lower Mining Output *Chile’s economy declined by 1.2 percent year on year in April 2026, reflecting weaker performance in goods production and a sharp drop in mining activity.* The IMACEC index, Chile’s key monthly indi...
India’s KFIL to Invest $52 Million to Expand Steel Tube Production Capacity *India-based KFIL has finalized plans to invest approximately US$52 million to increase its steel tube manufacturing capacity, supporting future growth and rising demand across infrastructure and indu...
Development Bank of Japan and HDFC Capital Partner to Invest $1 Billion in Affordable Housing *The Development Bank of Japan (DBJ) and HDFC Capital have entered a partnership to support affordable and mid-income housing projects in India through a fund targeting total investments of up to US$1...
JSL Awards $17 Million Contract for Installation of Yard Automation Systems *India’s JSL has awarded a contract worth approximately US$17 million to Kernex Microsystems for the installation of advanced yard automation systems as part of its operational modernization efforts.*...
US and Iran Near Agreement to Reopen Strait of Hormuz During Ceasefire Extension *The United States and Iran are reportedly moving closer to an agreement that would reopen the Strait of Hormuz while extending the current ceasefire, a development that could ease concerns across glo...
Ukraine Launches Anti-Dumping Probe into Coated Steel Imports from Four Countries The investigation was launched following a complaint filed by local steelmakers, who argued that increasing imports have negatively affected production, sales performance and competitiveness within th...
Turkish Steel Producers: EU’s New Quota System Will Further Narrow Market Share *Turkish steel producers have warned that the European Union’s new steel import quota system could further reduce Turkey’s share in the European market, raising concerns over future export opportuniti...
Brazilian HRC Exports and Imports Decline in April Amid Weaker Regional Trade *Brazil’s hot rolled coil (HRC) exports and imports both recorded lower volumes in April compared to March, mainly due to reduced shipments to South American markets and lower import arrivals from Sou...
