Britain’s Steel Industry Faces Existential Threat as Last Blast Furnaces Risk Closure The British steel industry is standing at a perilous crossroads as British Steel’s Scunthorpe plant, home to the UK’s last two operational blast furnaces, teeters on the brink of closure. If the furna...
EU Prepares Phased Response to US Tariffs: Countermeasures Set for April 9 Vote *BRUSSELS, BELGIUM – April 9, 2025* — The *European Union* is finalizing its *phased response* to the *new US tariffs*, with *countermeasures* slated for a *vote on April 9*. *EU Trade Commissioner Ma...
UK Government Unveils Major Electricity Cost Relief for Steelmakers *LONDON, UK – April 10, 2025* — The *British government has pledged significant financial support for domestic steelmakers* through a new electricity cost reduction initiative, reaffirmed at the *seco...
Iron Ore Prices Slip Below $100 Mark as Market Sentiment Weakens *QINGDAO, China – April 10, 2025* — *Iron ore prices have dropped sharply*, falling below the *critical $100 per tonne threshold*, as fears of deteriorating trading conditions grip the global steel an...
U.S. Senators Introduce Revised Carbon Border Tax Bill Targeting High-Emission Imports *WASHINGTON, D.C. – April 9, 2025* — *U.S. Senators Bill Cassidy and Lindsey Graham* have introduced an *updated version of the Foreign Pollution Fee Act*, a bill designed to impose a *carbon tax on i...
Veysel Yayan: Turkey Must Limit Steel Imports to Protect Domestic Industry *ISTANBUL, Turkey – April 8, 2025* — *Veysel Yayan*, Secretary General of the *Turkish Steel Producers' Association (TCUD)*, has called for tighter control over steel imports, warning that *current im...
U.S. Reciprocal Tariffs Take Effect, China Now Facing 104% Tariff on Imports *WASHINGTON, D.C. – April 9, 2025* — The *United States' country-specific reciprocal tariffs officially came into effect today*, impacting trade relations with multiple nations and significantly escal...
Steel Service Centers Urged to Invest Amid Global Market Pressures, Say Experts at EUROMETAL & YISAD Conference *ISTANBUL, Turkey – April 8, 2025* — Industry leaders at the *Eurometal Steel Day & YISAD Flat Steel Conference* emphasized that *steel service centers must boost investments to remain competitive*, a...
Trump Orders Fresh National Security Review of Nippon Steel’s Bid for US Steel *WASHINGTON, D.C. – April 9, 2025* — *Former President Donald Trump has reopened the door to a potential sale of U.S. Steel to Japan’s Nippon Steel*, directing the *Committee on Foreign Investment in ...
UK Government Announces Energy Relief Measures for Domestic Steelmakers *LONDON, UK – April 9, 2025* — The *UK government has unveiled new energy relief measures* aimed at supporting domestic steelmakers during a critical industry meeting held today, bringing together key...
Trump Pauses Reciprocal Tariffs for 90 Days, Hikes China Tariffs to 125% Amid Ongoing Trade Tensions *WASHINGTON, D.C. – April 9, 2025* — Former U.S. President *Donald Trump announced a 90-day pause on the enforcement of new reciprocal tariffs*, setting a *temporary minimum rate of 10 percent* for up...
India remains net importer of steel for second consecutive year in FY 2024-25 India remained a net importer of steel for the second consecutive year in the fiscal year 2024-25, importing 9.5 million mt of finished steel during the year, a rise of 14.6 percent year on year, prov...
