Argentina Approves $3 Billion Investment for New Pipeline to Boost Oil Exports Argentina has approved a significant investment to support the construction of a new pipeline linking the *Vaca Muerta shale formation* to a port in the *Rio Negro province*. The *$3.0 billion* projec...
UK Steel Proposes New Mechanism to Address High Electricity Prices and Enhance Competitiveness The UK-based trade association *UK Steel* has proposed the development of a new mechanism to tackle the *uncompetitive electricity prices* that the UK steel industry faces—prices that are up to *50% h...
Australia to Boost Green Metals Production with A$750 Million Funding The Australian federal government has announced a significant funding initiative aimed at boosting *green metals production* and ensuring the long-term competitiveness of domestic metals producers in ...
ArcelorMittal and Siemens Energy Join Forces for Decarbonization Efforts and High-Grade Steel Solutions ArcelorMittal Europe - Flat Products, a subsidiary of the Luxembourg-headquartered steel giant ArcelorMittal, has announced a strategic partnership with *Siemens Energy* to provide high-grade steel so...
India and New Zealand Resume Free Trade Agreement Negotiations After 8-Year Pause India and New Zealand have officially resumed talks for a Free Trade Agreement (FTA), which had been stalled since 2015. The announcement was made by India's Ministry of Commerce on *Monday, March 17*...
EU trade restrictions on Ukraine: Taras Kachka spoke about the state of negotiations Taras Kachka, Ukraine’s *Deputy Minister for Economy and Trade Representative*, has clarified that *only agricultural products require export regulation* to the European Union, while *industrial goods...
ArcelorMittal Europe Increases Steel Production by 8.3% Y/Y in 2024, Strengthening Market Position ArcelorMittal Europe recorded an *8.3% year-on-year increase in steel production in 2024*, highlighting the company’s strong *operational performance and market demand recovery*. This growth comes des...
Türkiye’s Scrap Imports Fall by 20.2% Y/Y in January Amid Lower Steel Demand Türkiye, one of the world’s largest scrap steel importers, *reduced its scrap imports by 20.2% year-on-year in January*, reflecting shifts in domestic steel production and demand. The decline undersco...
KZHRK Puts Most Employees on Idle Status Until April Amid Operational Challenges Kazakhstan’s *KZHRK (Kazakhstanskaya Zheleznorudnaya Kompaniya)* has announced that *most of its workforce will be placed on idle status until April*, reflecting *ongoing challenges in the mining sect...
EU Steel Exports Reach €77.8 Billion in 2024, Reinforcing Global Trade Position The *European Union* recorded steel product exports valued at *€77.8 billion in 2024*, demonstrating the bloc’s resilience in the global steel market despite ongoing economic and trade challenges. **...
Brazil Focuses on Dialogue with US Over Steel Tariffs Brazil’s *Vice President and Minister of Industry and Commerce*, *Geraldo Alckmin*, has emphasized that *negotiation* remains the top priority in Brazil's response to the *US-imposed steel and aluminu...
Canada Responds to US Steel Tariffs with Retaliatory Measures In response to the United States' decision to impose *25% tariffs* on steel imports from all countries, Canada has announced retaliatory measures. The US tariffs, which officially took effect on *Marc...
