Olympic Steel Extends $625 Million Credit Facility Through 2030 to Fuel Growth *Olympic Steel Inc.*, a leading U.S.-based steel service provider, has *extended its $625 million asset-based revolving credit facility* until *April 17, 2030*, boosting its financial flexibility for ...
Canada Launches Antidumping Probe into Steel Wire Imports from 10 Countries The *Canada Border Services Agency (CBSA)* has initiated an *antidumping (AD) investigation* into *carbon and alloy steel wire* imports from *10 countries*, suspecting they may be sold in Canada at *u...
Global Crude Steel Production Rises 2.9% in March, Driven by Strong Asian Output *Global crude steel production rose by 2.9% year-on-year in March* to *166.1 million metric tons (mt)*, according to data released by the *World Steel Association (worldsteel)*. Despite the March inc...
India’s BWIL Commissions $65 Million Stainless Steel Wire Capacity Expansion *Bansal Wire Industries Limited (BWIL)* has announced the commissioning of its *expanded stainless steel wire manufacturing capacity*, following a *$65 million investment*. The company’s total install...
EU Signals Readiness to Resume Free Trade Talks with Gulf Nations, Highlights Strategic Ties with Saudi Arabia *April 22, 2025* — The European Union is prepared to *resume negotiations on a Free Trade Agreement (FTA) with Gulf countries*, according to *David McAllister*, Chair of the European Parliament’s Fore...
IMF Rules Out Global Recession, Warns of Slowing Growth Amid Trade Tensions *April 22, 2025* — Despite escalating trade tensions and mounting uncertainty, *the International Monetary Fund (IMF) does not expect a global recession*, according to IMF Managing Director *Kristalin...
Zaporizhstal Invests Over $1 Million in Hot Rolling Equipment Overhaul *April 22, 2025* — Ukrainian steelmaker *Zaporizhstal Iron and Steel Works*, a subsidiary of *Metinvest Holding*, has launched a major *UAH 49 million ($1.18 million)* equipment overhaul in its *hot r...
Vietnam's Steel Sector Sees Strong Q1 Growth in Output and Sales *April 22, 2025* — Vietnam's steel industry kicked off the year with solid gains in both production and sales, according to the *Vietnam Steel Association (VSA)*, signaling a *robust recovery in domes...
India Slaps 12% Safeguard Duty on Flat Steel Imports, Market Impact Seen But Trade to Continue *April 22, 2025* — In a move aimed at protecting the domestic steel industry, *India has imposed a 12% provisional safeguard duty on flat steel imports*, including *hot-rolled coil (HRC), cold-rolled ...
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 ...
