Global Coking Coal Prices Rise in Late March Amid Freight Disruptions Global coking coal prices increased in the second half of March, driven primarily by *rising freight costs linked to geopolitical tensions in the Middle East*, although demand fundamentals remained we...
EU Sets Conditions for Tariff Reductions on US Goods in Trade Negotiations The European Parliament has outlined strict conditions for reducing tariffs on US products במסגרת an ongoing EU-US trade agreement, linking any tariff cuts to full compliance by the United States. Und...
US Steel Restarts Granite City Blast Furnace After Two-Year Shutdown United States Steel Corporation has restarted blast furnace B at its Granite City Works facility in Illinois, bringing the unit back online after more than two years of inactivity. The furnace, which...
India’s KFIL Restarts Solapur Plant Using Alternative Fuels Amid LPG Shortage India’s Kirloskar Ferrous Industries Limited (KFIL) has resumed operations at its Solapur casting facility after a temporary shutdown caused by liquefied petroleum gas (LPG) shortages. The company ha...
UK Moves Toward Full Nationalization of British Steel Amid Rising Losses The UK government is preparing to fully nationalize British Steel as financial losses continue to escalate, according to reports. The move comes nearly a year after emergency measures allowed the gove...
OECD warns energy prices and geopolitics are weighing on global growth OECD has reported that the *global economic outlook remains stable but weakened* due to rising energy prices and geopolitical tensions. Growth outlook* *Global GDP growth projected at 2.9% in 2026* ...
Severstal cuts 2026 spending as steel market weakens Severstal has revised its 2026 budget downward in response to *deteriorating global steel market conditions*. Cost-cutting measures* The company announced: *Repair budget reduced by 14%* *Capital ...
Coal India to invest $348 million in washeries to boost steel sector supply Coal India Limited has announced plans to build *eight new coal washeries with a total investment of $348 million*, aimed at increasing supply to key industries including steel. *Capacity expansion* ...
EU launches safeguard probe into electrical steel imports amid surge The European Commission has initiated a safeguard investigation into imports of grain-oriented electrical steel to determine whether *protective trade measures are needed*. Imports more than double* ...
Spain rolls out €5 billion industrial support plan as energy costs surge The Spanish government has unveiled a *€5 billion anti-crisis package* aimed at supporting industry and mitigating the impact of rising energy costs driven by geopolitical tensions. According to offi...
US Launches Inquiry into Possible Circumvention of Steel Duties via Indonesia The United States has initiated a new trade investigation into potential circumvention of steel duties involving Vietnam and Indonesia. The *US Department of Commerce* is examining whether *corrosion...
India Relaxes LPG Supply Restrictions to Support Steel and Key Industries India has eased restrictions on liquefied petroleum gas (LPG) supply to support *steel and other priority industries*, following disruptions linked to the Middle East conflict. The government will no...
