Salzgitter Starts €30M Scrap Shredder Project to Support Green Steel On *September 1, 2025*, Germany’s *Salzgitter AG* broke ground on a new *€30 million scrap shredder facility* as part of its *SALCOS® low-CO₂ steelmaking program*. The plant will help process high-qu...
Baosteel Raises Export Share to 12%, Eyes Overseas Plate Expansion Chinese steelmaker *Baosteel*, part of *China Baowu Steel Group*, has lifted its *export share to 12%* thanks to rising international demand. The company is focusing on *steel plate products*, widely...
India Faces Trade Blow with 50% U.S. Tariff Shock The U.S. has activated a *50% tariff* on Indian goods starting *August 27, 2025*, a sharp escalation from the previous 25% level. The increase compounds economic pressures following failed trade negot...
Borusan Berg Pipe Enters Talks for $550 M U.S. Pipeline Deal Turkish steel-pipe producer *Borusan Holding* announced that its U.S. subsidiary, *Borusan Berg Pipe*, has begun negotiations on a *$550 million sales agreement* to supply large-diameter pipes for a p...
SAIL Supplies 8,000 Tonnes of Special Steel for Two Indian Navy Frigates The *Steel Authority of India Limited (SAIL)* delivered around *8,000 tonnes of critical-grade steel* for the construction of two frontline stealth frigates of the Indian Navy – *INS Udaygiri* and *IN...
Mexico Proposes North American Steel Committee to Curb Asian Imports Mexico is proposing the re-establishment of a *North American Steel Committee*, involving trade officials and industry representatives from Mexico and the U.S., with the possible inclusion of Canada l...
Industrial Confidence in Brazil Slips to 2025 Low in August Brazil’s Industrial Entrepreneur Confidence Index (ICEI) dropped to *46.1 points in August*, marking the *lowest level in 2025* and a *1.2‑point decline* month‑on‑month. The continuous slide reflects ...
Freight Rates Tick Up Slightly for Brazilian Steel Imports in July Brazilian steel imports saw a modest rise in transport costs, with the *average freight rate* increasing to *US 55/mt in July*, compared to *US 53/mt in June*. This slight uptick reflects minor shifts...
China’s Steel Inventories Hit 15.9 Mt, Highest in 3 Months China’s steel stockpiles rose for the *fifth straight week* between *August 8 and 14, 2025*, adding *770,700 tonnes* to reach *15.9 million tonnes*, the highest in three months. *Rebar inventories* d...
China’s Finished Steel Stocks Jump 5% in Mid-August Inventories of *finished steel products* in China, including rebar, wire rod, plates, hot-rolled, and cold-rolled coils, rose by *5% in mid-August 2025*, according to the China Iron and Steel Associat...
Shougang H1 Profit Surges 66.5% to RMB 657 Million Beijing-based steelmaker *Shougang Group* has announced a *net profit of RMB 657 million* in the first half of 2025, a *66.5% increase year on year*. The company credited its growth to strict *cost co...
German Government Accelerates CO₂ Storage Expansion *In early August, the German government approved landmark reforms* aimed at accelerating the development of *carbon capture and storage (CCS) infrastructure* None [1] The new draft legislation designa...
