Arcelormittal Hunedoara Temporarily Suspends Operations Amid Economic Challenges Arcelormittal Hunedoara, a key production facility in the global steel network, has temporarily halted its operations in response to severe economic difficulties. The decision comes as the plant grapp...
Outokumpu Scales Back Investment Plans Amid Weak Stainless Steel Market Outokumpu, a leading global stainless steel producer, has announced that it is significantly slowing its planned investments in response to a challenging market environment. The decision comes as the ...
US prepares to impose reciprocal tariffs on every trading partner US President Donald Trump has officially unveiled his plan for reciprocal tariffs against its every trading partner applying tariffs on US goods. Canada, the EU and Brazil are among the countries expe...
Thailand launches sunset review on imports of steel pipe from Vietnam Thailand's Department of Foreign Trade (DFT) has announced that it has initiated a sunset review of antidumping duties on steel pipes imported from Vietnam. The DFT will assess whether lifting the cur...
US Steel Trade Dynamics: CRC Exports Plunge by 39.7% as HRC Imports Surge by 40.3% in December Recent data reveals a striking divergence in US steel trade trends between November and December. On one hand, CRC (cold-rolled coil) exports experienced a dramatic decline, plunging by 39.7% in Decem...
UK Races Ahead with £25bn Steel Investment Following Trump’s Tariffs In response to new tariffs imposed by President Trump, the UK is fast-tracking plans for a £25bn investment in its steel industry. The proposed funding is designed to modernize production facilities, ...
US Prepares to Impose Reciprocal Tariffs on Every Trading Partner Recent reports indicate that US officials are planning a dramatic shift in trade policy by imposing reciprocal tariffs on every trading partner. This comprehensive approach is intended to counter perc...
Trump Open to Nippon Steel Taking Minority Stake in U.S. Steel In a surprising twist in the ongoing debate over foreign investments in the U.S. steel sector, President Trump recently stated that he wouldn’t mind if Nippon Steel were to take a minority stake in U....
ArcelorMittal considers transferring some European business processes to India ArcelorMittal is currently evaluating a strategic initiative aimed at achieving substantial cost savings through the centralization of its operations in India. This move reflects the company’s proacti...
Ukrmetprom: Ukrainian Steel Does Not Threaten the US Steel Industry Recent insights from Ukrmetprom, Ukraine’s leading steel trade association, clarify that Ukrainian steel does not constitute a competitive threat to the US steel industry. According to Ukrmetprom, whi...
Vietnam’s Steel Industry Faces New U.S. Tariffs: Strategies for Survival Vietnam’s steel sector is confronting a fresh wave of U.S. tariffs, a development that threatens to disrupt export volumes and tighten profit margins across the industry. The new measures, designed to...
Global Scrap Prices Rebound 1.5-2 Times Since the Beginning of the Year Recent market data indicates that global scrap prices have experienced a remarkable recovery, increasing by 1.5 to 2 times compared to levels at the beginning of the year. This substantial rebound is ...
