Thyssenkrupp in Intensive Talks with Jindal Over Potential Sale of Steel Division *Thyssenkrupp AG* has confirmed that it is in *“intensive negotiations”* with *Jindal Steel International*, a subsidiary of India’s *Jindal Steel Limited*, over the potential *sale of Thyssenkrupp’s s...
India Sets Fixed Timelines to Speed Up Operationalisation of Auctioned Mineral Blocks The *Ministry of Mines of India* has amended the *Mineral (Auction) Rules, 2015*, introducing *fixed intermediary timelines* for post-auction activities to *accelerate the operationalisation of auctio...
Cleveland-Cliffs to Permanently Close Steelton Plant in Early 2026 *Cleveland-Cliffs* has confirmed plans to *permanently close its Steelton, Pennsylvania, plant* in *January 2026*, following months of idling operations and workforce reductions. In a letter to emplo...
EU and UK Steel Prices Expected to Rise as Tariffs and CBAM Take Effect *EU and UK steel prices* are expected to *increase sharply in 2026* as the *European Commission’s revised import safeguards* and the *Carbon Border Adjustment Mechanism (CBAM)* come into effect, accor...
Brazil’s Finished Steel Trade Deficit Narrows in September According to data released by *SECEX*, Brazil’s foreign trade authority, the country’s *finished steel trade deficit narrowed in September 2025*, supported by stronger exports and steady import volume...
VNSteel Completes Sale of 65 Percent Stake in Vicasa Steel *Vietnam Steel Corporation (VNSteel)* has announced the *completion of its divestment of a 65 percent stake* in its subsidiary *Vicasa Steel (VCA)* to a domestic investor, marking a significant step i...
UAE Launches Antidumping Investigation on Heavy Steel Sections from China The *UAE Ministry of Foreign Trade* has initiated an *antidumping (AD) investigation* into imports of *heavy sections of iron and steel from China*, following a formal complaint by *Emirates Steel Ind...
LKAB and Hitachi Energy Sign Long-Term Pact to Drive Green Steel Transition *Swedish iron ore producer LKAB* and *global electrification provider Hitachi Energy* have signed a *long-term memorandum of understanding* aimed at advancing LKAB’s shift toward *fossil-free iron and...
GFSEC Ministers Agree on Coordinated Framework to Tackle Global Steel Overcapacity At the *Global Forum on Steel Excess Capacity (GFSEC)* ministerial meeting in *Gqeberha, South Africa*, ministers from *29 participating countries* reaffirmed their commitment to tackle the *worsening...
India’s JSL Unveils Stainless Steel Tipper Trailers to Revolutionize Salt Transport *Jindal Stainless Limited (JSL)* has launched a *new line of stainless steel salt tipper trailers*, aiming to tackle *corrosion and high maintenance costs* in India’s salt transport sector. The *stai...
Canada Imposes Provisional AD/CVD Duties of Up to 329% on Chinese Cast Iron Pipes The *Canada Border Services Agency (CBSA)* has issued *preliminary antidumping (AD)* and *countervailing (CVD)* duty determinations on *cast iron soil pipes from China*, with *combined provisional dut...
Japan’s Tetsusho Expands Asian Operations with New Subsidiaries in India, Vietnam, and Bangladesh *Japan-based Tetsusho Corporation*, an affiliate of *Nippon Steel Corporation*, has established *three new wholly owned subsidiaries* in *India, Vietnam, and Bangladesh*, marking a *major expansion ac...
