British Steel's Scunthorpe Plant on the Brink as Crisis Talks Stall The future of British Steel's Scunthorpe plant hangs in the balance after crisis talks between the UK government and Chinese owner Jingye concluded without an agreement. The plant's two blast furnaces...
Global Steel Prices Slide as Demand Softens in 2025 Global steel prices have edged down by *3.05%* in the early months of 2025, reflecting a broad-based cooling in demand from key sectors such as construction and automotive manufacturing. The decline ...
Vietnam Strikes Back Against Unfair Steel Imports with New Duties Vietnam has moved decisively to protect its burgeoning steel industry, announcing *provisional anti-dumping duties* on galvanized steel imports from China and South Korea. The measure follows investig...
Trump-Era Steel Tariffs Cast Long Shadow Over U.S. Market Nearly seven years after their introduction, the Trump-era *25% tariffs on steel imports* continue to reshape the American steel industry — and not entirely for the better. Originally implemented to ...
U.S. Steel’s $15 Billion Sale to Nippon Steel Faces Political Firestorm A high-stakes international deal between Nippon Steel and U.S. Steel has run into fierce political opposition, casting doubt over the future of the $15 billion acquisition announced late last year. T...
Britain’s Steel Industry Faces Existential Threat as Last Blast Furnaces Risk Closure The British steel industry is standing at a perilous crossroads as British Steel’s Scunthorpe plant, home to the UK’s last two operational blast furnaces, teeters on the brink of closure. If the furna...
EU Prepares Phased Response to US Tariffs: Countermeasures Set for April 9 Vote *BRUSSELS, BELGIUM – April 9, 2025* — The *European Union* is finalizing its *phased response* to the *new US tariffs*, with *countermeasures* slated for a *vote on April 9*. *EU Trade Commissioner Ma...
UK Government Unveils Major Electricity Cost Relief for Steelmakers *LONDON, UK – April 10, 2025* — The *British government has pledged significant financial support for domestic steelmakers* through a new electricity cost reduction initiative, reaffirmed at the *seco...
Iron Ore Prices Slip Below $100 Mark as Market Sentiment Weakens *QINGDAO, China – April 10, 2025* — *Iron ore prices have dropped sharply*, falling below the *critical $100 per tonne threshold*, as fears of deteriorating trading conditions grip the global steel an...
U.S. Senators Introduce Revised Carbon Border Tax Bill Targeting High-Emission Imports *WASHINGTON, D.C. – April 9, 2025* — *U.S. Senators Bill Cassidy and Lindsey Graham* have introduced an *updated version of the Foreign Pollution Fee Act*, a bill designed to impose a *carbon tax on i...
Veysel Yayan: Turkey Must Limit Steel Imports to Protect Domestic Industry *ISTANBUL, Turkey – April 8, 2025* — *Veysel Yayan*, Secretary General of the *Turkish Steel Producers' Association (TCUD)*, has called for tighter control over steel imports, warning that *current im...
U.S. Reciprocal Tariffs Take Effect, China Now Facing 104% Tariff on Imports *WASHINGTON, D.C. – April 9, 2025* — The *United States' country-specific reciprocal tariffs officially came into effect today*, impacting trade relations with multiple nations and significantly escal...
