UK Steel Industry Faces Challenges Amid U.S. Tariffs and Market Pressures The UK's steel sector is confronting significant challenges following the U.S. administration's imposition of a 25% tariff on steel imports, effective March 12, 2025. This development has led to immed...
Trump May Allow Sale of US Steel to Nippon Steel as DOJ Files Motion for Extension The *US Department of Justice (DOJ)* has filed a motion seeking an extension in the lawsuit between *United States Steel (US Steel)* and *Nippon Steel* against the *Committee on Foreign Investment in ...
Argentina Approves $3 Billion Investment for New Pipeline to Boost Oil Exports Argentina has approved a significant investment to support the construction of a new pipeline linking the *Vaca Muerta shale formation* to a port in the *Rio Negro province*. The *$3.0 billion* projec...
UK Steel Proposes New Mechanism to Address High Electricity Prices and Enhance Competitiveness The UK-based trade association *UK Steel* has proposed the development of a new mechanism to tackle the *uncompetitive electricity prices* that the UK steel industry faces—prices that are up to *50% h...
Australia to Boost Green Metals Production with A$750 Million Funding The Australian federal government has announced a significant funding initiative aimed at boosting *green metals production* and ensuring the long-term competitiveness of domestic metals producers in ...
ArcelorMittal and Siemens Energy Join Forces for Decarbonization Efforts and High-Grade Steel Solutions ArcelorMittal Europe - Flat Products, a subsidiary of the Luxembourg-headquartered steel giant ArcelorMittal, has announced a strategic partnership with *Siemens Energy* to provide high-grade steel so...
India and New Zealand Resume Free Trade Agreement Negotiations After 8-Year Pause India and New Zealand have officially resumed talks for a Free Trade Agreement (FTA), which had been stalled since 2015. The announcement was made by India's Ministry of Commerce on *Monday, March 17*...
EU trade restrictions on Ukraine: Taras Kachka spoke about the state of negotiations Taras Kachka, Ukraine’s *Deputy Minister for Economy and Trade Representative*, has clarified that *only agricultural products require export regulation* to the European Union, while *industrial goods...
ArcelorMittal Europe Increases Steel Production by 8.3% Y/Y in 2024, Strengthening Market Position ArcelorMittal Europe recorded an *8.3% year-on-year increase in steel production in 2024*, highlighting the company’s strong *operational performance and market demand recovery*. This growth comes des...
Türkiye’s Scrap Imports Fall by 20.2% Y/Y in January Amid Lower Steel Demand Türkiye, one of the world’s largest scrap steel importers, *reduced its scrap imports by 20.2% year-on-year in January*, reflecting shifts in domestic steel production and demand. The decline undersco...
KZHRK Puts Most Employees on Idle Status Until April Amid Operational Challenges Kazakhstan’s *KZHRK (Kazakhstanskaya Zheleznorudnaya Kompaniya)* has announced that *most of its workforce will be placed on idle status until April*, reflecting *ongoing challenges in the mining sect...
EU Steel Exports Reach €77.8 Billion in 2024, Reinforcing Global Trade Position The *European Union* recorded steel product exports valued at *€77.8 billion in 2024*, demonstrating the bloc’s resilience in the global steel market despite ongoing economic and trade challenges. **...
