EU Unveils Steel and Metals Action Plan to Boost Industry Competitiveness and Secure Energy Supply *The European Commission (EC) has launched its final version of the Steel and Metals Action Plan,* aimed at enhancing the competitiveness of the steel and metals industry while addressing challenges s...
Taiwan Extends Antidumping Duties on Cold Rolled Stainless Steel Imports from China and South Korea *Taiwan's Ministry of Economic Affairs (MOEA) has confirmed the extension of antidumping duties (AD) on cold rolled stainless steel imports* from China and South Korea following the final results of t...
Fitch Predicts Pressure on Indian Steel Prices, Ratings Upgrades at Risk for Major Mills *Indian steel prices are expected to remain under pressure in the next fiscal year (2025-26),* as local mills struggle with increasing imports from China and the rising risks of aggressive tariff poli...
Steel Dynamics Anticipates Stronger Earnings and Steel Operations in Q1 2025 *Steel Dynamics (SDI)*, a major U.S.-based steel producer, has provided an optimistic *earnings guidance* for the first quarter of 2025, expecting *earnings in the range of $1.36 to $1.40 per diluted ...
Blastr Green Steel’s Low-Emission Steel Plant in Finland Receives Environmental Approval *Blastr Green Steel*, a Norwegian developer focused on decarbonized steel, has successfully received *environmental approval* for its planned low-emission steel plant in *Inkoo, Finland*. The project ...
EU's "Melt and Pour" Clause to Impact Cold Rolled and Coated Steel Suppliers to the Region The *European Commission* is set to implement a *"melted and poured" rule* as part of its *Steel and Metals Action Plan* to address growing concerns over trade circumvention. The draft of this plan, d...
Indian Engineering Goods Industry Seeks Low-Duty Steel Import Window to Boost Global Competitiveness The *Indian Engineering Export Promotion Council (EEPC)* has urged the government to introduce a provision that allows *steel consumers in the micro, small, and medium enterprise (MSME) segments* to p...
Bangladesh's BMSIL to Become the Country's First Rebar and Wire Rod Producer *Bangladesh's Bashundhara Multi Steel Industries Limited (BMSIL)* is set to establish the world’s largest *single strand mini mill* for long steel production, making it the country's *first producer o...
India's DGTR Recommends 12% Temporary Safeguard Duty on Flat Steel Imports India's Directorate General for Trade Remedies (DGTR) has officially recommended a *temporary 12% safeguard duty* on imports of flat steel products for a period of *200 days*. This recommendation, whi...
ArcelorMittal to Shut Down Italian Plant Near Avellino Amid Market Challenges *ArcelorMittal* has announced plans to *close its steel plant near Avellino, Italy*, as part of a restructuring strategy aimed at optimizing operations in response to *shifting market conditions and e...
EU Tightens Controls on Steel and Aluminum Imports Amid Global Trade Tensions The European Union (EU) is preparing to implement stricter controls on steel and aluminum imports to safeguard its markets from potential dumping of diverted global supplies. A draft action plan by th...
UK Steel Industry Faces Challenges Amid U.S. Tariffs and Market Pressures The UK's steel sector is confronting significant challenges following the U.S. administration's imposition of a 25% tariff on steel imports, effective March 12, 2025. This development has led to immed...
