Federacciai Criticizes EU Steel Plan, Highlights Key Uncertainties *The European Commission's "European Steel and Metals Action Plan,"* presented on March 18, aims to shape the future of the steel sector amid ecological transitions and global challenges. However, *Fe...
JFE Steel Subsidiary Acquires Maruhachi Steel Pipe to Strengthen Market Position *JFE Shoji Steel Pipe & Tube Co., Ltd*, a subsidiary of Japanese steel producer *JFE Steel Corporation*, has announced the acquisition of *Maruhachi Steel Pipe Co., Ltd.*, a prominent steel pipe manuf...
Vallourec Brazil Set to Boost Pellet Production to Meet Steel Industry Demand *Vallourec Brazil*, a subsidiary of the French pipe manufacturer *Vallourec*, has announced plans to *increase its pellet production capacity to over 1.2 million metric tons (mt) per year*. The compan...
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...
