Vietnam Launches Pilot Emissions Trading System Targeting Major Polluting Sectors *Vietnam has officially launched the pilot phase of its emissions trading system (ETS)*, a significant step toward its commitment to reach *net-zero carbon emissions by 2050*, according to a report by...
U.S. Finds South Korean Steel Producers Received Subsidies in Preliminary Trade Review The *U.S. Department of Commerce (DOC)* has released the *preliminary results* of its administrative review of *countervailing duties (CVD)* on *certain cut-to-length (CTL) steel plate from South Kore...
Steel Prices See Modest Dip in Early June, Says China's Commerce Ministry *China’s Ministry of Commerce (MOC)* has reported a slight decline in average *finished steel prices* during the week of *June 2 to June 8*. According to the official data, the average prices of majo...
UK Launches Antidumping Investigation Into South Korean Steel Plate Imports The *UK’s Trade Remedies Authority (TRA)* has officially opened an *antidumping investigation* into *imports of hot rolled steel plate from South Korea*, following a complaint filed by *Spartan UK Ltd...
Vietnam’s Steel Imports Slip 6.2% in May, Scrap Imports Drop Nearly 24% *Vietnam’s steel imports declined by 6.2% in May* compared to April, totaling *1.29 million metric tons (mt)*, according to newly released data from the *General Department of Customs*. Meanwhile, the...
IREPAS Flags Deepening Crisis in Global Long Steel Market as China Floods Supply The *global long steel products market is facing unprecedented oversupply and pricing pressure*, according to the latest report by *IREPAS*, the international association for producers and exporters o...
CAAM and CISA Call for Industry Unity as NEV Price Wars Threaten Auto and Steel Sectors Amid mounting concern over a *new round of price wars in China’s new energy vehicle (NEV) market*, the *China Association of Automobile Manufacturers (CAAM)* and the *China Iron and Steel Association ...
EU Unveils New Trade Surveillance Tool to Counter Import Surges and Diversion Risks The *European Commission (EC)* has launched a *new surveillance mechanism* designed to detect and prevent *harmful trade diversion* into the European Union. The initiative aims to shield the EU market...
Concerns Rise Over Tata Steel’s Inclusion in UK-US Tariff Deal UK ministers are working urgently to ensure Tata Steel is not excluded from a prospective trade agreement between Prime Minister Keir Starmer and U.S. President Donald Trump, which aims to eliminate t...
EU Extends Suspension of Steel Safeguard Measures for Ukraine The European Union has extended the suspension of safeguard measures on imports of iron and steel from Ukraine for an additional three years, effective June 6, 2025. This decision aims to support Ukra...
Canada Prepares Retaliatory Measures in Response to U.S. Steel Tariffs In response to the U.S. administration’s decision to double tariffs on steel and aluminum imports to 50%, Canada is preparing a comprehensive retaliatory plan. Prime Minister Mark Carney and U.S. Pres...
Nippon Steel and U.S. Seek Additional Time to Finalize Acquisition Deal Nippon Steel and the U.S. government have jointly requested an eight-day extension of a litigation pause to finalize negotiations regarding Nippon’s proposed $14.9 billion acquisition of U.S. Steel. T...
