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India Faces Trade Blow with 50% U.S. Tariff Shock
The U.S. has activated a *50% tariff* on Indian goods starting *August 27, 2025*, a sharp escalation from the previous 25% level. The increase compounds economic pressures following failed trade negot...
Aug 27, 2025
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Borusan Berg Pipe Enters Talks for $550 M U.S. Pipeline Deal
Turkish steel-pipe producer *Borusan Holding* announced that its U.S. subsidiary, *Borusan Berg Pipe*, has begun negotiations on a *$550 million sales agreement* to supply large-diameter pipes for a p...
Aug 27, 2025
0 711


SAIL Supplies 8,000 Tonnes of Special Steel for Two Indian Navy Frigates
The *Steel Authority of India Limited (SAIL)* delivered around *8,000 tonnes of critical-grade steel* for the construction of two frontline stealth frigates of the Indian Navy – *INS Udaygiri* and *IN...
Aug 27, 2025
0 741


Mexico Proposes North American Steel Committee to Curb Asian Imports
Mexico is proposing the re-establishment of a *North American Steel Committee*, involving trade officials and industry representatives from Mexico and the U.S., with the possible inclusion of Canada l...
Aug 25, 2025
0 722


Industrial Confidence in Brazil Slips to 2025 Low in August
Brazil’s Industrial Entrepreneur Confidence Index (ICEI) dropped to *46.1 points in August*, marking the *lowest level in 2025* and a *1.2‑point decline* month‑on‑month. The continuous slide reflects ...
Aug 25, 2025
0 712


Freight Rates Tick Up Slightly for Brazilian Steel Imports in July
Brazilian steel imports saw a modest rise in transport costs, with the *average freight rate* increasing to *US 55/mt in July*, compared to *US 53/mt in June*. This slight uptick reflects minor shifts...
Aug 25, 2025
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China’s Steel Inventories Hit 15.9 Mt, Highest in 3 Months
China’s steel stockpiles rose for the *fifth straight week* between *August 8 and 14, 2025*, adding *770,700 tonnes* to reach *15.9 million tonnes*, the highest in three months. *Rebar inventories* d...
Aug 25, 2025
0 778


China’s Finished Steel Stocks Jump 5% in Mid-August
Inventories of *finished steel products* in China, including rebar, wire rod, plates, hot-rolled, and cold-rolled coils, rose by *5% in mid-August 2025*, according to the China Iron and Steel Associat...
Aug 25, 2025
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Shougang H1 Profit Surges 66.5% to RMB 657 Million
Beijing-based steelmaker *Shougang Group* has announced a *net profit of RMB 657 million* in the first half of 2025, a *66.5% increase year on year*. The company credited its growth to strict *cost co...
Aug 25, 2025
0 767


German Government Accelerates CO₂ Storage Expansion
*In early August, the German government approved landmark reforms* aimed at accelerating the development of *carbon capture and storage (CCS) infrastructure* None [1] The new draft legislation designa...
Aug 20, 2025
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UK Steel Industry Grapples with Decarbonization Hurdles
*Since the mid-2000s, steel production in the United Kingdom has dropped by half*, and *CO₂ emissions have fallen by more than threefold*—but largely due to shrinking industrial output rather than gen...
Aug 20, 2025
0 756


Nippon Steel and ArcelorMittal Announce $5.5 Billion Expansion in India
*Nippon Steel* and *ArcelorMittal* have unveiled plans for a *$5.5 billion investment* to expand operations in *India*, aimed at boosting production capacity and meeting growing domestic demand. The ...
Aug 19, 2025
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