Chinese Rebar Prices Fall 1.6% as Construction Demand Remains Weak *Domestic rebar prices in China continued to move lower in late May as weak construction activity and cautious purchasing sentiment weighed on market demand.* Average rebar prices across major Chines...
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...
