ArcelorMittal Expects $150 Million in Financial Losses from US Tariffs ArcelorMittal, a global leader in steel production, has announced it expects to lose approximately $150 million due to the new 50% US steel tariffs. These duties, introduced as part of the latest wave...
HH Stainless to Distribute Nippon Steel’s Low-Carbon Pipes Across Asia-Pacific Japanese steel giant *Nippon Steel* has announced a strategic supply agreement with *HH Stainless Pte Ltd*, one of *Singapore’s leading stainless steel suppliers*, to distribute its *low-carbon duplex...
U.S.–China Tariff Truce Talks Conclude Without Deal; Final Decision Pending from President Trump After *two days of high-level negotiations*, U.S. Treasury Secretary *Scott Bessent* and Chinese trade envoy *Li Chenggang* have concluded discussions on a possible *extension of the 90-day tariff tru...
Voestalpine Unveils World’s First Hydrogen-Based Green Rail, Paving the Way for Net-Zero Steel Austrian steelmaker *Voestalpine AG* has successfully produced the *world’s first hydrogen-based green rail* at its *Donawitz plant*, marking a major breakthrough in the global steel industry’s path t...
Trump Announces 25% Tariff on Indian Imports Starting August 1 In a move that could escalate trade tensions between two major economies, *U.S. President Donald Trump has announced a 25% tariff on all imports from India*, effective *August 1, 2025*. The decision w...
MinRes Powers Onslow Iron Project with New Hybrid Gas-Solar Station *Mineral Resources Limited (MinRes)* has successfully commissioned a *hybrid gas-solar power station* at its *Ken’s Bore mine site*, part of the larger *Onslow iron ore project* in Western Australia, ...
Kazakhstan Imposes Six-Month Ban on Semi-Finished Steel Exports Kazakhstan’s *Ministry of Industry and Construction* has enacted a *temporary six-month ban on the export of semi-finished products made of iron or non-alloy steel*, effective *July 26, 2025*, accordi...
Hebei’s Steel Industry Posts 13.7% Growth in Added Value for H1 2025 The steel industry in China’s Hebei Province saw a *13.7% year-on-year increase in industrial added value during the first half of 2025*, buoyed by falling raw material costs and strong production mom...
EU and US to Form Metals Alliance Against China’s Excess Capacity The European Union and the United States are working on a joint initiative to create a “metals alliance” that would address China’s excess steel and aluminum production capacity. The plan aims to incr...
South Korea Weighs Anti-Dumping Duties on Chinese and Japanese Steel South Korea is considering imposing anti-dumping duties on imports of hot-rolled steel from China and Japan amid concerns over unfair pricing practices. The move follows a formal investigation into wh...
Sustained 50% US Tariff May Impact EUAs The sustained 50% tariff on steel and aluminum imports by the United States is causing growing concerns in the European carbon market. Experts warn that this protectionist move could weaken the compet...
ArcelorMittal Expands Its Support for Less-Green Steel Standard ArcelorMittal has expanded its backing for an industry initiative aimed at setting a more pragmatic benchmark for low-carbon steel certification. The company believes the current “green” definitions a...
