Gallantt Ispat Secures Iron Ore Reserves in Uttar Pradesh, Boosts Self-Sufficiency *Gallantt Ispat Limited (GIL)*, a major Indian producer of billets and rebars, has *secured two iron ore blocks in Uttar Pradesh's Sonbhadra district* through a government auction, the company announc...
Brazil Sees Drop in Steel Import Freight Rates in May *Brazilian finished steel imports saw a drop in freight rates in May*, according to data released by *COMEX*, the country's foreign trade authority. The average freight cost for *steel imports in May ...
Tensions in Middle East Raise Fears of Strait of Hormuz Closure, Triggering Oil Price Spike and Global Shipping Disruptions Fears of a *potential closure of the Strait of Hormuz by Iran* are mounting after *Iranian authorities and parliament threatened action* in response to *U.S. airstrikes on Iranian nuclear sites* over ...
Malaysia Extends Antidumping Duties on Chinese and Japanese Cold Rolled Coils for Five More Years The *Malaysian Ministry of Investment, Trade and Industry (MITI)* has announced its final decision following a sunset review on antidumping duties for *cold rolled coil (CRC) imports* from several Asi...
Cleveland-Cliffs Launches $150M Stainless Steel Line at Ohio Plant, Boosting Automotive Supply Chain *Cleveland-Cliffs Inc. has officially launched a $150 million stainless bright anneal line* at its Coshocton Works facility in Ohio, marking a significant expansion in its high-performance stainless s...
India Proposes Linking Domestic Iron Ore Prices to Global Benchmarks for Greater Transparency The *Ministry of Mines of India has proposed a major overhaul of the country’s iron ore pricing system*, recommending that *domestic prices be benchmarked to international indices* such as those publi...
EU Launches €3M Hydrogen Support Project for Turkey The *European Union has approved a €3 million technical assistance project* to support the development of *Turkey’s green and low-carbon hydrogen ecosystem*, with the country's national gas supplier *...
EU Agrees on CBAM Simplification, Easing Burden for Small Importers The *European Parliament and Council have reached a political agreement* on a package of technical changes to the EU’s *Carbon Border Adjustment Mechanism (CBAM)*, aiming to *simplify compliance* whil...
British Steel Backs £22M IGNITE Project to Transform UK Steel Industry *British Steel has joined a major £22 million initiative* aimed at reshaping the UK’s steelmaking sector, with the goal of strengthening the domestic supply chain, *boosting national infrastructure*, ...
Industrial Confidence Drops in June as Brazilian Entrepreneurs Remain Cautious *Confidence among Brazilian industrial entrepreneurs declined in June*, according to data released by the National Confederation of Industry (CNI). The Industrial Entrepreneur Confidence Index (ICEI) ...
India’s Steel Imports Projected to Halve in FY 2025–26 Amid Safeguard Duty Impact *India’s 12% safeguard duty on steel imports is showing early signs of success*, with total import volumes projected to fall by *50% in fiscal year 2025–26*, compared to the *9.5 million metric tons (...
Nippon Steel Finalizes Landmark Partnership with US Steel, Pledges $11 Billion Investment *Japanese steel giant Nippon Steel Corporation has officially completed its strategic partnership with United States Steel (US Steel)*, in a deal that is expected to generate *over 100,000 jobs* and b...
