WTO Slashes 2025 Global Trade Forecast Amid Rising Uncertainty *The World Trade Organization (WTO) has significantly downgraded its global merchandise trade forecast for 2025*, now predicting a *0.2% year-on-year decline*, a sharp reversal from the *previously pr...
India Aims to Enhance Domestic Ferrous Scrap Production In response to a significant reliance on imported ferrous scrap, *India's Ministry of Steel* is developing a comprehensive strategy to increase domestic scrap production. Currently, imports account fo...
ArcelorMittal Kryvyi Rih Challenges Increased Tariff Distance by Ukrainian Railways ArcelorMittal Kryvyi Rih, Ukraine's largest mining and metals company, has raised concerns over a recent decision by Ukrainian Railways to increase the tariff distance for transporting its products by...
Salzgitter AG Ends Takeover Talks, Focuses on Cost Efficiency and Market Opportunities Germany’s Salzgitter AG has officially ended takeover negotiations with a consortium comprising GP Günter Papenburg and TSR Recycling. The termination followed unresolved differences over the company’...
U.S. Steel Exports Experience Significant Decline in February 2025 U.S. steel export volumes saw a sharp contraction in February 2025, reflecting weakened international demand and shifting global trade dynamics. *Key Statistics:* *Total exports* reached *395,000 met...
POSCO Considers Investment in Hyundai Steel's U.S. Plant to Navigate Trade Measures South Korea's leading steelmaker, *POSCO*, is contemplating a strategic investment in *Hyundai Steel's planned $5.8 billion steel plant in Louisiana*. This move is seen as a response to the *25% tarif...
Salzgitter Ends Talks with Consortium Over Potential Takeover *Salzgitter AG*, one of Germany’s leading steelmakers, has *terminated discussions* with the consortium comprising *GP Günter Papenburg Aktiengesellschaft* and *TSR Recycling GmbH & Co. KG* regarding ...
Chinese Steel Company to Build $120 Million Plant in Uzbekistan's Ferghana Region *Shandong Aipurui Steel Plate Co. Ltd*, a leading Chinese steel company, has announced plans to build a *$120 million steel processing plant* in Uzbekistan’s *Ferghana region*. The project is set to c...
UK Government Boosts Support for Exporters with £20 Billion Financial Package Amid Tariff Pressures In response to ongoing trade challenges, including the *impact of US tariffs*, the UK government has announced a significant *£20 billion ($26 billion)* expansion in support for exporters. This initia...
Nucor Cuts Hot Rolled Coil Prices for the First Time in 2025 Amid Market Shifts *Nucor*, one of the leading U.S. steelmakers, has *lowered its hot rolled coil (HRC) spot prices by $5 per short ton*, marking the *first price reduction since the beginning of the year*. Effective t...
Asian Steel Market Enters 2025 in Turbulent Waters Asia’s steel market is off to a volatile start in 2025, grappling with a combination of trade disputes, falling margins, and policy uncertainty. The region’s benchmark product, hot-rolled coil (HRC), ...
Global Steel Prices Forecast to Drop 4% in 2025 as Chinese Exports Surge Steel prices across global markets are projected to decline by another 4% in 2025, driven primarily by surging exports from China and weaker industrial activity in Europe. Analysts warn that the prici...
