U.S. and U.K. Strike $6 Billion Trade Deal *The United States and the United Kingdom have reached a sweeping $6 billion trade agreement that includes the removal of U.S. tariffs on British steel and aluminum*, along with significant *reduction...
India’s MOIL Slashes Manganese Ore Prices for May Deliveries *State-owned miner MOIL Limited has announced price cuts across all grades of manganese ore for May 2025 deliveries*, company sources confirmed on *Thursday, May 8*. According to the sources, *the pr...
U.S. Finalizes AD/CVD Review on Chinese Rectangular Pipe; Confirms No Shipments by Hoa Phat *The U.S. Department of Commerce (DOC) has released the final results of its administrative reviews concerning antidumping (AD) and countervailing duties (CVD) on light-walled rectangular pipe and tub...
Gerdau Cancels $600 Million Mexican Steel Plant Over U.S. Tariff Uncertainty *MEXICO CITY – Brazilian steelmaker Gerdau has officially scrapped plans to build a $600 million special steel plant in Mexico*, citing *uncertainty surrounding U.S. tariffs on steel imports* as the p...
India and UK Finalize Historic Free Trade Agreement, Eyeing $60 Billion Trade Boost by 2030 *India and the United Kingdom have formally concluded a landmark Free Trade Agreement (FTA) and a “double contribution convention,” marking the end of three years of intensive negotiations*, both gove...
Trump Reaffirms Tariffs on Canada in Meeting With Prime Minister Mark Carney *WASHINGTON, D.C. – U.S. President Donald Trump has announced his decision to maintain existing tariffs on Canadian imports*, including the *25% duties on steel and aluminum*, following a White House ...
US Industry Injured by Unfair Ferrosilicon Imports, USITC Rules *WASHINGTON, D.C. – The U.S. International Trade Commission (USITC) has officially determined that the domestic ferrosilicon industry has been /materially injured/ by imports from Brazil, Kazakhstan, ...
Peabody Energy Reconsiders Anglo American Coal Acquisition Peabody Energy is contemplating withdrawing from its $3.3 billion acquisition of Anglo American's Australian coal mines due to a "material adverse change" following a significant explosion at the Mora...
US-Canada Meetings Yield No Tariff Relief In a recent meeting at the White House, US President Donald Trump and Canadian Prime Minister Mark Carney discussed trade relations, but no changes were made to existing tariffs on Canadian steel impo...
British Steel to Increase Production and Hire New Staff British Steel is set to recruit over 180 new workers shortly after a UK government intervention saved 2,700 jobs at its Scunthorpe facility. The state stepped in following the company's Chinese owner,...
Thyssenkrupp and IG Metall Reach Agreement on Restructuring Thyssenkrupp's steel division has reached a preliminary agreement with the IG Metall union regarding the company's planned restructuring, aiming to avoid forced layoffs. This development follows Thyss...
China Continues Efforts to Regulate Steel Production China continues to reinforce regulatory controls on its steel industry in 2025, focusing on long-term sustainability rather than short-term output cuts. The government’s strategy has shifted from rest...
