Euro Area Inflation Accelerates to 2.5% in January In January, inflation in the Euro Area climbed to 2.5% year-on-year, marking a noticeable acceleration in price rises compared to previous months. This increase signals growing cost pressures across v...
South African Government Intervenes to Prevent Closure of ArcelorMittal South Africa Plants In response to mounting concerns over the potential shutdown of major ArcelorMittal South Africa facilities, the South African government is taking decisive action to secure the future of the nation’s...
US Duties on Steel and Aluminum Imports to Impact Millions of Tons, Raising Industry Concerns In a decisive move to support domestic manufacturing, the US government has imposed new tariffs on steel and aluminum imports. According to a recent report by GMK Center, these tariffs are expected to...
Blastr Green Steel Secures Funding to Pioneer Hydrogen-Powered, Low-CO Steelmaking Blastr Green Steel has recently announced that it has secured significant new funding aimed at advancing its hydrogen-powered, low-CO steelmaking technology. This innovative approach is designed to re...
Vietnam Steel Major SMC Faces Risk of Compulsory Delisting Amid Financial Decline A recent report by The Investor has brought to light significant financial challenges facing SMC , one of Vietnam Steel’s major players, putting the company at risk of compulsory delisting from the st...
Hamilton’s Local Steel Industries Struggle Amid Escalating Trade War A recent CBC report highlights the significant impact of the global trade war on Hamilton’s local economy. Key industries, particularly the steel sector, are facing mounting challenges as increased ta...
Escalating Trade Dispute: U.S. Imposes Tariffs on Canada, Mexico, and China as Canada and Mexico Retaliate In a significant move amid rising trade tensions, U.S. authorities have officially imposed tariffs on imports from Canada, Mexico, and China. The decision, aimed at countering what officials describe ...
Tata Steel Develops Advanced Steel Pipes for Hydrogen Transportation Tata Steel has unveiled its latest innovation—specialized steel pipes engineered for the transportation of hydrogen. This breakthrough technology is designed to overcome the challenges posed by hydrog...
US Steel Corporation's Shipments Fall as US Rolled Steel Imports Rise Recent data reveals a notable divergence within the US steel market. US Steel, one of the country’s leading domestic producers, experienced an 8.4% decline in its steel shipments in 2025 compared to t...
Nippon Steel launches $456m bid to acquire Sanyo Special Steel Nippon Steel Corporation has announced a $456 million bid to acquire Sanyo Special Steel , a strategic move that underscores the company's commitment to expanding its special steel portfolio. This acq...
CSN Temporarily Halts No. 2 Blast Furnace Amid Market Adjustments Companhia Siderúrgica Nacional (CSN) , one of Brazil's foremost steel producers, has announced the temporary shutdown of its No. 2 blast furnace located at the Presidente Vargas mill in Volta Redonda,...
U.S. Raw Steel Production Sees Slight Decline The American Iron and Steel Institute (AISI) reported that for the week ending June 4, 2022, domestic raw steel production in the United States reached 1,781,000 net tons, with a capability utilizatio...
