Chinese Steel Company to Build $120 Million Plant in Uzbekistan's Ferghana Region *Shandong Aipurui Steel Plate Co. Ltd*, a leading Chinese steel company, has announced plans to build a *$120 million steel processing plant* in Uzbekistan’s *Ferghana region*. The project is set to c...
UK Government Boosts Support for Exporters with £20 Billion Financial Package Amid Tariff Pressures In response to ongoing trade challenges, including the *impact of US tariffs*, the UK government has announced a significant *£20 billion ($26 billion)* expansion in support for exporters. This initia...
Nucor Cuts Hot Rolled Coil Prices for the First Time in 2025 Amid Market Shifts *Nucor*, one of the leading U.S. steelmakers, has *lowered its hot rolled coil (HRC) spot prices by $5 per short ton*, marking the *first price reduction since the beginning of the year*. Effective t...
Asian Steel Market Enters 2025 in Turbulent Waters Asia’s steel market is off to a volatile start in 2025, grappling with a combination of trade disputes, falling margins, and policy uncertainty. The region’s benchmark product, hot-rolled coil (HRC), ...
Global Steel Prices Forecast to Drop 4% in 2025 as Chinese Exports Surge Steel prices across global markets are projected to decline by another 4% in 2025, driven primarily by surging exports from China and weaker industrial activity in Europe. Analysts warn that the prici...
Chinese Steel Giants Maintain April Prices, Minor Cuts for Seamless Steel Leading Chinese steelmakers Angang Steel and Bensteel Group have announced their pricing strategy for April 2025, opting to keep prices steady across most core product categories in a bid to maintain ...
UK Government Takes Control of British Steel as Financial Crisis Deepens The UK government has stepped in to take control of British Steel, citing financial instability under the ownership of Chinese conglomerate Jingye Group. The firm, which owns and operates the Scunthor...
U.S. Steel Tariffs Put Pressure on Clean Energy Industry The U.S. government has finalized new tariff policies on steel and aluminum imports, expanding duties on a range of steel-derived products that play a critical role in clean energy development. Under ...
Tenaris Launches 20 MW Solar Power Park in Romania to Support Steel Mill Operations Tenaris has inaugurated a 20 MW solar power park in Călărași, Romania, aimed at supplying renewable energy to its local steel mill. The Diplomat+1ГМК+1 [1] *Investment and Funding* The project repre...
UK Government Excludes Chinese Firms from Steel Sector Amid National Security Concerns The UK government has taken decisive action to exclude Chinese companies from its steel industry, citing national security concerns and the strategic importance of domestic steel production. None [1]...
UK Government Intervenes to Save British Steel's Scunthorpe Plant Amid Crisis The UK government has enacted emergency measures to take control of *British Steel's Scunthorpe plant*, the country's last facility producing virgin steel, after Chinese owner *Jingye* ceased ordering...
Trump Reiterates Opposition to Nippon Steel's Acquisition of U.S. Steel In a recent statement, former President Donald Trump expressed renewed opposition to *Nippon Steel's $14 billion proposal* to acquire *U.S. Steel*, emphasizing the importance of keeping the iconic Ame...
