U.S. Tariffs Threaten $5 Billion Hit to Indian Engineering Exports, Warns EEPC *April 22, 2025* — Indian exports of engineering goods may take a serious blow following the U.S. decision to impose additional tariffs on key product categories, according to a warning issued by the ...
U.S. Steel Output Continues Slide: Weekly Production Drops 0.4% *April 22, 2025* — The American steel industry continues to face headwinds as *U.S. raw steel production fell 0.4% week-over-week*, according to new data released by the *American Iron and Steel Insti...
ArcelorMittal Delays Green Transition Amid Policy Uncertainty ArcelorMittal has announced delays to its ambitious green steel transition due to ongoing uncertainty surrounding European Union policy and regulatory clarity. The company had previously committed to ...
India Imposes Temporary Tariff to Protect Domestic Steel Industry India has introduced a 12% temporary safeguard tariff on certain steel imports to curb the influx of cheap steel, primarily from China. Effective for 200 days, this measure aims to protect domestic st...
Hyundai Steel's $6 Billion U.S. Investment Faces Investor Scrutiny Hyundai Steel's announcement of a $6 billion investment in a new U.S. plant has drawn criticism from investors concerned about the lack of detailed funding plans and strategic clarity. The investment ...
British Steel Halts Redundancy Plans Following Government Intervention British Steel has announced the cessation of its consultation on up to 2,700 redundancies after the UK government intervened to stabilize operations. The government's emergency legislation allowed for...
Thailand Moves to Phase Out Polluting Steel Production Technology Thailand's Ministry of Industry has announced plans to eliminate the use of outdated induction furnace (IF) technology in steel production. This decision stems from concerns over environmental polluti...
Fire Erupts at ArcelorMittal Facility in Contrecoeur, Quebec A fire broke out at ArcelorMittal's industrial site in Contrecoeur, Quebec, located northeast of Montreal. The incident occurred early Sunday morning, prompting emergency response teams to the scene....
Tata Steel Commits £1.25 Billion to Overhaul Port Talbot Plant Tata Steel has announced a significant investment of £1.25 billion to modernize its Port Talbot steelworks in South Wales. The project involves transitioning from traditional coal-fired blast furnaces...
EMSTEEL Boosts Innovation Investment by 127% (2020–2024) EMSTEEL, a leading steel and building materials company in the Gulf region, has reported a 127% increase in spending on innovation and development between 2020 and 2024. This substantial investment re...
U.S. Introduces New Port Fees on Chinese-Built Ships Amid Trade Tensions In a move to bolster domestic shipbuilding and address concerns over China's dominance in maritime logistics, the U.S. government has announced new port fees targeting Chinese-built and operated vesse...
Salzgitter Secures Supply Deal for Angola's Drinking Water Revamp Salzgitter AG, a prominent German steel manufacturer, has secured a contract to supply spiral-welded large-diameter steel pipes for Angola's Quilonga Grande project. This initiative aims to revamp the...
