Malaysia to Introduce Carbon Tax in 2026, Targeting Steel and Energy Sectors *The Malaysian government will launch a carbon tax in 2026*, focusing first on the *iron and steel* and *energy* industries as part of its *net-zero 2050 commitment*. *Revenue from the tax will feed ...
Stegra Launches New Financing Round to Advance World’s First Large-Scale Green Steel Plant *Stegra has started a new financing round to support the construction of its Boden green steel plant in Sweden*, set to become the *world’s first large-scale fossil-free steel facility*. According to...
Trump Threatens 100% Tariffs on China, Cancels Meeting with Xi Jinping US President *Donald Trump* has reignited trade tensions with China, announcing *plans to impose 100% tariffs* on Chinese imports starting *November 1*, in response to *China’s expanded export control...
Spain’s Tubos Reunidos Suspends US Operations Amid 50% Tariffs Spanish seamless steel tube producer *Tubos Reunidos* has *temporarily suspended operations at its Texas plant*, citing *challenging market conditions* following the *50% US tariffs on steel and alumi...
South Korea Launches Policy Package to Counter EU Tariffs and Global Oversupply Facing *EU tariff hikes*, global *steel overcapacity*, and *rising energy costs*, *South Korea’s Ministry of Trade, Industry and Energy (MOTIE)* has unveiled a *strategic policy plan* to support its s...
Thailand Imposes Antidumping Duties on Vietnamese Cold Rolled Stainless Steel *Thailand’s Ministry of Commerce* has finalized its *antidumping (AD) investigation* on cold rolled stainless steel from Vietnam, ruling that *Vietnamese imports were being dumped*, causing injury to ...
62 Countries Tighten Trade Measures Against Chinese Steel As of *October 2025*, *62 countries have imposed 207 trade restrictions* on *Chinese steel imports* to counter *state subsidies* and *market distortions*, according to *OECD data*. Chinese steel expo...
Global Excess Steel Capacity to Surge to 721 Million Tons by 2027 – GFSEC The *Global Forum on Steel Excess Capacity (GFSEC)* has warned that *global excess steel capacity* will increase from *601 million tons in 2024 to 721 million tons by 2027* — the *highest level in a d...
Ukraine Plans to Deploy Small Modular Reactors to Decarbonize Steel Industry Ukraine’s *Ministry of Energy* has formed an *interdepartmental working group* to implement *small modular reactors (SMRs)*, aiming to *replace coal-fired power plants* and *modernize the country’s st...
JSW Steel’s Crude Steel Output Jumps 17% in Q2 FY 2025–26 *JSW Steel Limited* reported consolidated *crude steel production of 7.90 million mt* for *Q2 FY 2025–26 (July–September)*, marking a *17% year-on-year increase*, the company announced on *October 13*...
Assofermet Warns New EU Safeguard Regime Is a “Steel Trap” *Assofermet*, the Italian association representing steel trade, distribution, and processing companies, has *strongly criticized* the *European Commission’s draft regulation* for a new EU steel import...
US Steel Files $22 Million Lawsuit Against Algoma Over Pellet Contract Dispute *US Steel Corporation* has filed a *lawsuit against Canada’s Algoma Steel Group Inc.*, seeking *over $22 million* in unpaid iron ore pellet shipments and alleging *breach of contract*. Filed in the *...
