India’s NMDC Raises Iron Ore Prices for Lumps and Fines India’s state-owned mining company *NMDC Limited* has *increased the prices of iron ore lumps and fines with immediate effect*, according to company sources on *March 6*. The price of *iron ore lumps...
US Sets Preliminary Subsidy Rates in CVD Review of South Korean Cold-Rolled Steel The *US Department of Commerce* has released the *preliminary results of its administrative review of the countervailing duty (CVD) order* on *certain cold-rolled steel flat products from South Korea*...
Vietnam Approves $3.1 Billion VinMetal Steel Plant Project in Ha Tinh Authorities in *Ha Tinh province, Vietnam*, have approved a major investment project by *VinMetal Joint Stock Company for Manufacturing and Trading* to build a large steel production facility in the *...
US Commerce Department Finds No Dumping by Germany’s Dillinger in Steel Plate Review The *US Department of Commerce (DOC)* has concluded that *AG der Dillinger Hüttenwerke*, a German steel producer, *did not dump certain carbon and alloy steel cut-to-length plate in the US market* dur...
Italian Steel Industry Says EU Industrial Accelerator Act Lacks “Made in Europe” Rules for Steel Italy’s steel producers association *Federacciai* has criticized the *Industrial Accelerator Act (IAA)* proposed by the *European Commission*, arguing that the initiative *does not adequately support ...
EU Proposes Industrial Accelerator Act to Boost Low-Carbon Manufacturing and Strategic Industries The *European Commission* has unveiled the *Industrial Accelerator Act (IAA)*, a legislative proposal aimed at strengthening Europe’s industrial base while *stimulating demand for low-carbon and EU-ma...
US Confirms AD and CVD Circumvention on OCTG Imports Processed in Thailand The *US Department of Commerce* has issued a *final circumvention ruling* finding that *seamless oil country tubular goods (OCTG)* made using *China-origin billet*, processed in Thailand and exported ...
EU Extends Coal and Steel Research Fund to 2034, Unlocks €800 Million for Decarbonization The *European Council* has agreed on a reform of the *Research Fund for Coal and Steel (RFCS)*, extending the program to *2034* and mobilizing *approximately €800 million* to support innovation and de...
Middle East Conflict Disrupts Indian Trade Routes, Insurance and Freight Costs Surge Escalating military conflict in the Middle East is *beginning to materially impact Indian trade*, with *key shipping corridors disrupted and logistics costs rising sharply*, according to industry bodi...
Baowu Zhongnan Steel, China Pingmei Shenma Forge Strategic Industry Partnership *Baowu Group Zhongnan Steel* and *China Pingmei Shenma Group* signed a *strategic cooperation agreement on March 2*, strengthening collaboration across China’s coal, coke and steel value chains. Unde...
Indian Port Container Traffic Stalls Amid Middle East Conflict Container movements across *major Indian ports have nearly come to a halt* following the escalation of the *US–Israel conflict with Iran*, significantly disrupting trade flows to the Middle East, acco...
Gulf Tensions Disrupt Shipping Routes, Raising Risks for Steel Trade Escalating military tensions following *US–Israeli strikes on Iran and Iran’s subsequent retaliation* have begun to *disrupt maritime activity across the Gulf*, with potential implications for *steel ...
