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 ...
India Imposes Temporary Tariff to Protect Domestic Steel Industry India has introduced a 12% temporary safeguard tariff on certain steel imports to curb the influx of cheap steel, primarily from China. Effective for 200 days, this measure aims to protect domestic st...
Hyundai Steel's $6 Billion U.S. Investment Faces Investor Scrutiny Hyundai Steel's announcement of a $6 billion investment in a new U.S. plant has drawn criticism from investors concerned about the lack of detailed funding plans and strategic clarity. The investment ...
British Steel Halts Redundancy Plans Following Government Intervention British Steel has announced the cessation of its consultation on up to 2,700 redundancies after the UK government intervened to stabilize operations. The government's emergency legislation allowed for...
Thailand Moves to Phase Out Polluting Steel Production Technology Thailand's Ministry of Industry has announced plans to eliminate the use of outdated induction furnace (IF) technology in steel production. This decision stems from concerns over environmental polluti...
Fire Erupts at ArcelorMittal Facility in Contrecoeur, Quebec A fire broke out at ArcelorMittal's industrial site in Contrecoeur, Quebec, located northeast of Montreal. The incident occurred early Sunday morning, prompting emergency response teams to the scene....
