ArcelorMittal and Siemens Energy Join Forces for Decarbonization Efforts and High-Grade Steel Solutions ArcelorMittal Europe - Flat Products, a subsidiary of the Luxembourg-headquartered steel giant ArcelorMittal, has announced a strategic partnership with *Siemens Energy* to provide high-grade steel so...
India and New Zealand Resume Free Trade Agreement Negotiations After 8-Year Pause India and New Zealand have officially resumed talks for a Free Trade Agreement (FTA), which had been stalled since 2015. The announcement was made by India's Ministry of Commerce on *Monday, March 17*...
EU trade restrictions on Ukraine: Taras Kachka spoke about the state of negotiations Taras Kachka, Ukraine’s *Deputy Minister for Economy and Trade Representative*, has clarified that *only agricultural products require export regulation* to the European Union, while *industrial goods...
ArcelorMittal Europe Increases Steel Production by 8.3% Y/Y in 2024, Strengthening Market Position ArcelorMittal Europe recorded an *8.3% year-on-year increase in steel production in 2024*, highlighting the company’s strong *operational performance and market demand recovery*. This growth comes des...
Türkiye’s Scrap Imports Fall by 20.2% Y/Y in January Amid Lower Steel Demand Türkiye, one of the world’s largest scrap steel importers, *reduced its scrap imports by 20.2% year-on-year in January*, reflecting shifts in domestic steel production and demand. The decline undersco...
KZHRK Puts Most Employees on Idle Status Until April Amid Operational Challenges Kazakhstan’s *KZHRK (Kazakhstanskaya Zheleznorudnaya Kompaniya)* has announced that *most of its workforce will be placed on idle status until April*, reflecting *ongoing challenges in the mining sect...
EU Steel Exports Reach €77.8 Billion in 2024, Reinforcing Global Trade Position The *European Union* recorded steel product exports valued at *€77.8 billion in 2024*, demonstrating the bloc’s resilience in the global steel market despite ongoing economic and trade challenges. **...
Brazil Focuses on Dialogue with US Over Steel Tariffs Brazil’s *Vice President and Minister of Industry and Commerce*, *Geraldo Alckmin*, has emphasized that *negotiation* remains the top priority in Brazil's response to the *US-imposed steel and aluminu...
Canada Responds to US Steel Tariffs with Retaliatory Measures In response to the United States' decision to impose *25% tariffs* on steel imports from all countries, Canada has announced retaliatory measures. The US tariffs, which officially took effect on *Marc...
Brazil Sees Decline in CRC Import Prices The *import price of Cold-Rolled Coil (CRC)* in Brazil has fallen, with the average price now at *$680/mt* (CFR conditions), down from *$710/mt* two weeks ago, according to market sources. On the dom...
Vietnam's Steel Imports Surge 64.2% in February Vietnam's steel imports experienced a significant increase in February, rising by *64.2%* from January to reach *1,559,879 metric tons*. Similarly, the country’s scrap imports also saw a notable jump,...
Assofermet Warns of Threat to European Steel and Aluminum Industry Amid US Tariffs *Assofermet*, the association representing Italian distributors of *scrap, raw materials, and steel products*, has raised alarms over the potential impact of the *US reintroducing 25% tariffs* on *ste...
