India Enforces ‘Melt and Pour’ Rule to Boost Domestic Steel Usage The Indian government has revised its steel procurement policy, introducing the ‘Melt and Pour’ rule to prioritize domestically produced steel in government projects. This mandates that steel must be ...
Ukraine Faces Urgent Need to Protect Domestic Steel Market Ukraine’s steel industry is under pressure as imports, particularly from Turkey, continue to rise. Turkish steel now accounts for over 50% of Ukraine’s imports, with projections indicating it could ex...
Erdemir Commits to Green Transformation with $3.2 Billion Investment Turkish steelmaker Erdemir has announced a comprehensive plan to achieve net-zero carbon emissions by 2050, committing $3.2 billion towards green transformation initiatives. The company aims to reduce...
Canadian Steel Producers Demand Immediate Action Against U.S. Tariffs Canadian steel producers are urging the federal government to respond swiftly to the U.S. administration’s decision to double steel import tariffs to 50%. The Canadian Steel Producers Association (CSP...
U.S. Assigns Zero Dumping Margin to South Korean OCTG Producers in Final Review The *U.S. Department of Commerce (DOC)* has released the *final results of its administrative review* of the *antidumping duty order* on *certain oil country tubular goods (OCTG)* from *South Korea*, ...
Trump to Double Steel Tariffs to 50%, Sparks Global Backlash In a dramatic escalation of trade protectionism, *U.S. President Donald Trump announced a sharp increase in Section 232 tariffs on steel and aluminum imports*, raising them from *25% to 50%*, effectiv...
India Enforces ‘Melt and Pour’ Rule to Mandate Use of Fully Domestic Steel in Government Projects In a significant policy shift aimed at boosting self-reliance in the steel sector, the *Indian government has revised its Domestically Manufactured Iron & Steel Policy 2025*, introducing a stringent *...
Indian Passenger Car Market Shows Mixed Signals in May; Sales Dip for Hyundai, Tata *India's passenger car sales in May* reflected a *mixed performance with a negative bias*, as leading automakers reported varied figures for the month, according to data released on Monday. *Maruti S...
Hecate Energy, Tosyalı Algerie, and Sonatrach Launch Major Green Hydrogen Initiative in Algeria In a significant move toward sustainable industrial development, *US-based Hecate Energy*, *Algerian steelmaker Tosyalı Algerie*, and state-owned energy giant *Sonatrach* have announced a strategic pa...
India’s NMDC Aims for Record 55 Million mt Iron Ore Output in FY 2025–26 *India’s state-owned miner NMDC Limited is targeting iron ore production of 55.40 million metric tons (mt) in fiscal year 2025–26*, the company announced in a statement issued alongside its financial ...
Outokumpu Partners with Grundfos to Advance Decarbonization with Green Steel *Finland’s stainless steel leader Outokumpu has signed an agreement with Denmark-based water technology company Grundfos* to supply its *green stainless steel, Circle Green®*, for use in Grundfos’ pro...
CISA Reports Limited Steel Price Movement in China Amid Seasonal Shift *Steel prices in China fluctuated within a narrow range in May*, according to the *China Iron and Steel Association (CISA)*, as the market transitioned from the traditional peak season to the summer o...
