Canada expects $71 million in annual revenue from tariffs on Chinese steel and aluminum The new tariffs should compensate for the losses from cheap Chinese imports, promoting the development of local producers Canada is projecting an annual revenue of about C$100 million ($71.4 million)...
SSAB receives €126 million for transition to carbon-free steel production EU and Swedish funding to help reduce Sweden's CO2 emissions by 7% through modernization of Luleå plant Swedish steel company SSAB is receiving SEK 1.45 billion (€126 million) in funding from the Just...
Nippon Steel plans to complete the acquisition of US Steel by the end of the year The agreement can be completed if the necessary procedures are completed Japanese steelmaker Nippon Steel has reiterated its confidence that the acquisition of US steelmaker US Steel can be completed ...
India increased steel imports from China to a historic high in April-October India increased its steel imports from China to a historic high of 1.7 million tons in April-October 2024 (7 months of fiscal year 2024/2025), up 35.4% compared to the same period in 2023. This is evi...
UK intents to support steel industry – Secretary of State Industry development strategy with a focus on green steel presented at the parliamentary summit UK Secretary of State for Business Jonathan Reynolds reaffirmed the government’s commitment to supportin...
Indian steel industry leads the world in CO2 emissions Emissions from Indian steel reach 2.6 tons of CO2 per ton of finished product, which is 25% more than in China India’s steel industry remains the world’s dirtiest in terms of CO2 emissions. According ...
How European steel industry can survive the perfect storm **European stakeholders call for revival of industrial policy** /Sad news about the disastrous state of European steel industry appears in the media almost every day. European steelmakers reduce outpu...
Tosyalı increases global production capacity to 15 million tons of steel per year In Turkey, annual steel production at the company's facilities is estimated at 8 million tons Tosyalı Holding, one of the world’s leading steel producers, has increased its steelmaking capacity to 15 ...
China collects feedback on project to measure emissions in steel industry The country plans to expand the national carbon market by the end of 2024 China is seeking public feedback on new guidelines for reporting greenhouse gas emissions in the steel industry. Reuters repo...
German Chancellor calls for tougher EU measures against steel imports Olaf Scholz also does not rule out the state's temporary participation in Thyssenkrupp's steel business. German Chancellor Olaf Scholz has called for tougher EU measures against steel imports, saying ...
Brazil could implement new barriers to imports of finished steel products The Brazilian foreign trade authority, SECEX, reported that the percentage of the total quotas of 529,113 mt were used by the importers until November 25. Such import quotas are valid until January 31...
Crude steel production in Argentina declines in October The Argentine chamber of the steel industry, Acero Argentino (AA), informed the country's crude steel production has reached 359,600 mt in October, against 370,900 mt in September. On a comparative ba...
