Algoma Steel Issues 1,000 Layoff Notices Amid Tariffs and Shift to EAF Production Canada’s *Algoma Steel has issued layoff notices to roughly 1,000 employees* at its Sault Ste. Marie plant, with the changes scheduled to take effect on *March 23, 2026*. The company cited a combinati...
Thyssenkrupp Steel Confirms Major Restructuring: Production Cut and 11,000 Job Reductions German steelmaker *Thyssenkrupp Steel has finalized a comprehensive restructuring agreement* with the IG Metall union and employee representatives, marking a decisive step in its long-running transfor...
Australian Steelmakers Seek Emergency Safeguards as Structural Steel Imports Surge The *Australian Steel Institute (ASI)* has issued an urgent warning over a *rapid surge in fabricated structural steel imports*, stating that the influx is causing *serious injury* to Australia’s dome...
Global Stainless Steel Production Rises 2.3% Year on Year in Q3 2025 Global stainless crude steel production totaled *16.07 million metric tons* in the third quarter of 2025, down *1.8% quarter on quarter* but *up 2.3% year on year*, according to preliminary data from ...
Vietnam Launches Review of Antidumping Duties on Chinese H-Beam Steel Vietnam’s Ministry of Industry and Trade (MOIT) has officially initiated a review of existing antidumping (AD) duties on certain H-beam steel imports from China. The review period will cover *October...
Emsteel Secures 20-Year ADNOC Gas Deal to Accelerate UAE’s Green-Steel Expansion Emsteel, the UAE’s largest domestic steel producer, has signed a * 20-year natural gas supply agreement * with Abu Dhabi National Oil Company (ADNOC), valued between * $3.5 billion and $4.2 billion * ...
China’s Steel Industry Returns to Profit With RMB 105.32 Billion Gain in Jan–Oct China’s ferrous metal smelting and rolling sector recorded a * gross profit of RMB 105.32 billion ($14.8 billion) * from January to October, rebounding sharply from a * gross loss of RMB 23.32 billion...
POSCO Officially Ends Decades-Long Alliance With Nippon Steel South Korea’s POSCO Holdings has formally ended its longstanding equity partnership with Japan’s Nippon Steel after deciding to sell its remaining * 39.2 million shares * through a block deal, accordi...
Hyundai Steel to Provide Low-Carbon Steel for South Korea’s National Power Grid Expansion Hyundai Steel has signed a memorandum of understanding (MoU) with * Korea Electric Power Corporation (KEPCO) * and the * Korea Electrical Manufacturers’ Cooperative * to secure the long-term supply of...
U.S. Extends Emissions Compliance Deadlines for Coke Oven Plants to Protect Steel Supply The White House has issued a formal proclamation granting certain U.S. coke oven processing facilities a * two-year exemption * from compliance with the new emissions-control standards under the * 202...
South Korea Imposes Five-Year Antidumping Duties on Chinese Steel Plate Imports South Korea’s Ministry of Economy and Finance has issued * Decree No. 1145 * , confirming the introduction of * five-year antidumping (AD) duties * on Chinese-produced medium and heavy steel plates, i...
East Asian Ferrous Scrap Imports Show Divergent Trends Across Key Markets in 9MCY25 Ferrous scrap import patterns across East Asia showed mixed momentum in the first nine months of CY25, with * Vietnam and Thailand recording strong growth * , while * Taiwan and South Korea saw steep ...
