U.S. Panel Divided Over Nippon Steel's Bid for U.S. Steel A U.S. national security panel, the Committee on Foreign Investment in the U.S. (CFIUS), is divided over Japan's Nippon Steel's $14 billion bid to acquire U.S. Steel. While a majority believe associat...
Global Scrap Prices on the Rise in May 2025 Global scrap metal prices have experienced an uptick across most regions since the beginning of May 2025, driven by factors such as limited supply, increased export demand, and stabilization in the st...
India's Coal-Heavy Steel Expansion Threatens Global Decarbonization Goals India's ambitious plan to expand its steel production capacity from 200 million to over 330 million tonnes by 2030 poses significant challenges to both national climate goals and global decarbonizatio...
Kobe Steel Cuts Decarbonization Budget Amid Global Market Uncertainty *Kobe Steel* has revised its investment strategy for the *2024–2026* period, *scaling back its decarbonization spending* in response to *growing global economic uncertainty*. The decision reflects the...
Global Crude Steel Output Inches Up 0.3% in April, Despite Regional Variations *Global crude steel production rose slightly by 0.3% year-on-year in April*, reaching *155.7 million metric tons (mt)*, according to the latest data from the *World Steel Association (worldsteel)*. H...
Fives Installs Advanced Oxygen System at SN Maia to Boost Furnace Efficiency *France-based engineering firm Fives Group has successfully implemented a new oxygen enrichment system at SN Maia Siderurgia Nacional*, marking its first such project on an existing billet reheating f...
PBOC Cuts Loan Prime Rate for First Time Since October, but Steel Market Remains Unmoved The *People's Bank of China (PBOC) lowered its benchmark loan prime rates (LPR) on May 20*, marking the first cut since October last year. The *one-year LPR was reduced from 3.1% to 3.0%*, and the *fi...
Japan’s Ship Export Orders Plunge Over 50% in April *Japan’s new ship export orders dropped sharply by 52.7% in April compared to March*, according to data released by the *Japan Ship Exporters’ Association (JSEA)*. In April, *Japanese shipbuilders se...
Australia Launches Antidumping Expiry Review on Chinese Rod in Coil Imports *Australia's Antidumping Commission has initiated an expiry review of antidumping duties on rod in coil imports from China*, amid concerns that removing the current measures could lead to renewed inju...
Nippon Steel Announces $11 Billion Investment to Push Through U.S. Steel Acquisition *Japanese steelmaker Nippon Steel has revealed a sweeping $11 billion investment plan* aimed at securing regulatory approval for its contentious acquisition of *U.S. Steel*, according to Reuters repor...
Thailand Initiates Sunset Review of Antidumping Duties on Chinese Wire Rod Imports *Thailand’s Ministry of Commerce has launched a sunset review of existing antidumping duties on high carbon wire rod imports from China*, signaling a reassessment of protective trade measures original...
Vale to Launch Lower Grade Iron Ore Targeting Asian Market Amid Price Pressures *Brazilian mining giant Vale is preparing to introduce a new, lower grade iron ore product in the Asian market* in the coming months, with a strategic focus on *China*, its largest customer base. *Ch...
