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 ...
Global Reactions Mount as Countries Respond to Trump’s 25% Steel Tariff A wave of international responses has emerged following President Trump’s decision to impose a 25% tariff on steel imports. The move, intended to bolster domestic production by making imported steel l...
Global Pipe Company to supply LSAW pipes to Aramco Saudi Arabia-based pipemaker TenarisSaudiSteel Pipes, formerly known as Saudi Steel Pipe Co. (SSP), has announced that its subsidiary Global Pipe Company has signed a contract with Saudi Arabian oil a...
European Commission and IndustriAll react to US steel tariffs The European Commission and the European trade union federation IndustriAll Europe have reacted to the US decision to impose 25 percent tariffs on all steel and aluminum imports. Ursula von der Leyen,...
US steel industry endorses new tariffs on imports The United Steelworkers (USW) union, the Steel Manufacturers Association (SMA), the American Iron and Steel Institute (AISI) and US steelmaker Nucor Corporation have made positive statements regarding...
Vietnam's steel imports down 36 percent in January from December In January this year, Vietnam's steel imports amounted to 950,221 mt, down 36.0 percent compared to December, while its scrap imports decreased by 51.1 percent month on month to 301,290 mt, according ...
