UK Increases Export Finance Support to Counteract Tariff Impacts In light of recent US-imposed tariffs, the *UK government* has announced an expansion of export finance support by £20 billion, elevating the total lending capacity of UK Export Finance to £80 billion...
Turkey Exhausts EU Steel Import Quotas for Second Quarter As of April 11, *Turkey* has exhausted its allocated EU steel import quotas for the second quarter, covering products such as rebar, wire rod, and hollow sections. In response, the *European Commiss...
Ukraine's Economic Recovery Stalls, Remaining 23% Below Pre-War Levels in 2024 In 2024, *Ukraine's economy* showed signs of stagnation, with GDP growth slowing to 2.9% year-over-year, leaving the economy 23% below its pre-war levels. Key factors impeding recovery include ongoi...
India Moves to Enforce Quality Standards on Steel Pipes, Tubes, and Fittings *The Indian government is preparing to bring steel pipes, tubes, and fittings under a mandatory Quality Control Order (QCO)*, according to official sources on *Wednesday, April 16*. The *proposed QCO...
U.S. Finalizes Countervailing Duty Rates on South Korean Stainless Steel Imports *The U.S. Department of Commerce (DOC) has released the final results* of its *administrative review* of the *countervailing duty (CVD) order* on *stainless steel sheet and strip in coils (SSSS in coi...
WTO Slashes 2025 Global Trade Forecast Amid Rising Uncertainty *The World Trade Organization (WTO) has significantly downgraded its global merchandise trade forecast for 2025*, now predicting a *0.2% year-on-year decline*, a sharp reversal from the *previously pr...
India Aims to Enhance Domestic Ferrous Scrap Production In response to a significant reliance on imported ferrous scrap, *India's Ministry of Steel* is developing a comprehensive strategy to increase domestic scrap production. Currently, imports account fo...
ArcelorMittal Kryvyi Rih Challenges Increased Tariff Distance by Ukrainian Railways ArcelorMittal Kryvyi Rih, Ukraine's largest mining and metals company, has raised concerns over a recent decision by Ukrainian Railways to increase the tariff distance for transporting its products by...
Salzgitter AG Ends Takeover Talks, Focuses on Cost Efficiency and Market Opportunities Germany’s Salzgitter AG has officially ended takeover negotiations with a consortium comprising GP Günter Papenburg and TSR Recycling. The termination followed unresolved differences over the company’...
U.S. Steel Exports Experience Significant Decline in February 2025 U.S. steel export volumes saw a sharp contraction in February 2025, reflecting weakened international demand and shifting global trade dynamics. *Key Statistics:* *Total exports* reached *395,000 met...
POSCO Considers Investment in Hyundai Steel's U.S. Plant to Navigate Trade Measures South Korea's leading steelmaker, *POSCO*, is contemplating a strategic investment in *Hyundai Steel's planned $5.8 billion steel plant in Louisiana*. This move is seen as a response to the *25% tarif...
Salzgitter Ends Talks with Consortium Over Potential Takeover *Salzgitter AG*, one of Germany’s leading steelmakers, has *terminated discussions* with the consortium comprising *GP Günter Papenburg Aktiengesellschaft* and *TSR Recycling GmbH & Co. KG* regarding ...
