EUROMETAL Urges Brussels to Extend Steel Safeguards to Downstream Products The *European Federation of Steel, Tubes and Metals Distribution & Trade (EUROMETAL)* has warned that *excluding derivatives and downstream steel products* from the EU safeguard framework could *under...
Volkswagen Adopts GMH Gruppe’s Green Steel for Sustainable Production *Volkswagen AG* has announced it will use *low-carbon Green Power Premium Steel* from *Georgsmarienhütte GmbH (GMH Gruppe)* to produce transmission components, marking a key step in its *circular manu...
NMDC Reduces Iron Ore Prices Across All Grades *India’s NMDC Limited* has *cut prices of iron ore lumps and fines*, effective immediately, for all deliveries. The price of *iron ore lumps (10–40 mm, 67% Fe)* has been reduced by *INR 650/mt ($7/mt)...
Brazil’s Average Freight Rates for Finished Steel Imports Decline in September Average *freight rates for Brazilian finished steel imports* fell in *September 2025*, according to figures released by *COMEX*, the country’s foreign trade authority. The *average import freight rat...
Thyssenkrupp in Intensive Talks with Jindal Over Potential Sale of Steel Division *Thyssenkrupp AG* has confirmed that it is in *“intensive negotiations”* with *Jindal Steel International*, a subsidiary of India’s *Jindal Steel Limited*, over the potential *sale of Thyssenkrupp’s s...
India Sets Fixed Timelines to Speed Up Operationalisation of Auctioned Mineral Blocks The *Ministry of Mines of India* has amended the *Mineral (Auction) Rules, 2015*, introducing *fixed intermediary timelines* for post-auction activities to *accelerate the operationalisation of auctio...
Cleveland-Cliffs to Permanently Close Steelton Plant in Early 2026 *Cleveland-Cliffs* has confirmed plans to *permanently close its Steelton, Pennsylvania, plant* in *January 2026*, following months of idling operations and workforce reductions. In a letter to emplo...
EU and UK Steel Prices Expected to Rise as Tariffs and CBAM Take Effect *EU and UK steel prices* are expected to *increase sharply in 2026* as the *European Commission’s revised import safeguards* and the *Carbon Border Adjustment Mechanism (CBAM)* come into effect, accor...
Brazil’s Finished Steel Trade Deficit Narrows in September According to data released by *SECEX*, Brazil’s foreign trade authority, the country’s *finished steel trade deficit narrowed in September 2025*, supported by stronger exports and steady import volume...
VNSteel Completes Sale of 65 Percent Stake in Vicasa Steel *Vietnam Steel Corporation (VNSteel)* has announced the *completion of its divestment of a 65 percent stake* in its subsidiary *Vicasa Steel (VCA)* to a domestic investor, marking a significant step i...
UAE Launches Antidumping Investigation on Heavy Steel Sections from China The *UAE Ministry of Foreign Trade* has initiated an *antidumping (AD) investigation* into imports of *heavy sections of iron and steel from China*, following a formal complaint by *Emirates Steel Ind...
LKAB and Hitachi Energy Sign Long-Term Pact to Drive Green Steel Transition *Swedish iron ore producer LKAB* and *global electrification provider Hitachi Energy* have signed a *long-term memorandum of understanding* aimed at advancing LKAB’s shift toward *fossil-free iron and...
