EUROFER Warns of Worsening Global Steel Overcapacity, Urges Urgent Action on Post-Protection Measures The issue of *global steel overcapacity* continues to worsen, and the *European Steel Association (EUROFER)* has called for *urgent action* to address the growing crisis. In a statement, EUROFER empha...
TYASA Announces $450 Million Investment to Boost Production in Mexico *Mexican steel producer TYASA* has unveiled plans for a *$450 million investment* aimed at *increasing its production capacity* and diversifying its product portfolio. According to *Oscar Chahin*, TY...
Billet Production Commences at Bolivia's El Mutún Steel Complex Bolivia's *El Mutún Steel Complex (ESM)* has reached a significant milestone with the *successful production of its first billets* at its *steel converter plant*. This achievement follows the earlier ...
White House Announces Minimum 10% "Baseline" Reciprocal Tariffs on Broad List of Nations In a *flag-draped Rose Garden ceremony*, *US President Donald Trump* revealed that he will enact a *minimum 10 percent reciprocal tariff* plan, effective *midnight tonight*, targeting a *sweeping list...
Argentina Announces Details of $3.0 Billion Vaca Muerta Sur Pipeline Project *Argentina’s state-run oil company, YPF*, has confirmed the start of construction on the *second section* of the *Vaca Muerta Sur (VMOS) pipeline*, following the *securing of $3.0 billion in funding* ...
Chubu Steel Plate Resumes Production After Plant Closure in Japan *Chubu Steel Plate*, a *Japan-based steel producer*, has announced the *resumption of its steelmaking operations* following the closure of its *Nagoya manufacturing plant* after an accident on *Januar...
EU Readies Firm Countermeasures Against US Tariffs, Von der Leyen Announces In a *speech at the European Parliament Plenary*, European Commission President *Ursula von der Leyen* addressed the rising *protectionism* and the new tariffs imposed by the *United States*, highligh...
OECD Forecasts Global Steel Excess Capacity to Reach 721 Million mt by 2027 The *Steel Committee of the Organization for Economic Co-operation and Development (OECD)* held its 97th session in *Paris* on March 31-April 1, 2025, where it addressed the ongoing crisis in the glob...
India Launches Antidumping Investigations into Metallurgical Coke Imports *India's Directorate General for Trade Remedies (DGTR)* has initiated antidumping (AD) investigations into imports of low ash metallurgical coke from several countries, including *Australia, China, Co...
ArcelorMittal Increases Hot-Rolled Coil Prices to €700/t in Northern Europe ArcelorMittal, a leading player in the European steel industry, has announced an increase in its *hot-rolled coil (HRC)* prices for Northern Europe, setting the new rate at *€700 per tonne*, up from t...
India Initiates Anti-Dumping Investigation into Metallurgical Coke Imports India's Ministry of Commerce has launched an *anti-dumping investigation* into imports of low-ash metallurgical coke (met coke) from *Australia, China, Colombia, Indonesia, Japan, and Russia*. This ac...
Vietnam Imposes Anti-Dumping Duties on Coated Steel Imports from China and South Korea In a decisive move to safeguard its domestic steel industry, Vietnam has imposed *anti-dumping duties ranging from 15% to 37%* on *coated steel imports* originating from *China and South Korea*. *B...
