EU Plan Aims to Reduce Fossil Fuel Imports by €45 Billion in 2025 The European Union is taking a significant step toward energy independence with a new initiative aimed at cutting fossil fuel imports by *€45 billion in 2025*. This bold move is expected to strengthen...
HYBRIT Successfully Completes Pilot Hydrogen Storage Project, Advancing Green Steel Innovation HYBRIT, Sweden’s pioneering green steel initiative, has successfully completed a *pilot hydrogen storage project*, marking a critical step in the transition toward fossil-free steel production. This a...
EC unveils Clean Industrial Deal, EUROFER not satisfied The *European Commission* has introduced a new policy package known as the *Clean Industrial Deal*, which outlines specific actions to transform *decarbonization* into a growth driver for *European in...
S. Korea to formally file AD investigation on HRC from China and Japan in early March The *China Iron and Steel Association (CISA)* has highlighted that, according to local media in *South Korea*, the domestic steel giant *Hyundai Steel* has submitted an *antidumping complaint* to the ...
S. Norton Group to cut energy use at shredder plant with new inverter *Mitsubishi Electric*, based in Japan, has announced the supply of a *3,000 hp frequency inverter* for a large *shredder plant* at the UK-based *S. Norton Group* in *Manchester*, UK. This new inverter...
World Bank: EU's CBAM to impact Indian exports of steel and aluminium The European Union's *Carbon Border Adjustment Mechanism (CBAM)* is set to affect *Indian exports*, especially in sectors like *steel, aluminium*, and other *high-emission industries*, according to *T...
New US steel import tariff to hit transshipping of China's steel, intensifying global competition A recent Reuters report highlights that the *US's new 25 percent tariff on steel imports* is likely to *disrupt the supply chain transporting steel from China to the US via third countries*. This move...
Steel output and sales in Vietnam fall in January According to the *Vietnam Steel Association (VSA)*, *finished steel production* in Vietnam for *January* totaled *2.3 million mt*, marking a *7.9% month-on-month decline* and a *9.2% drop compared to ...
Trump: US to go ahead with tariffs on Canada and Mexico as scheduled *US President Donald Trump has confirmed that the US will proceed with its plans to impose a 25% additional tariff on imports from Canada and Mexico, as scheduled*, according to media reports. Earlie...
EC to discuss future of steel industry in face of market challenges The European Commission is launching a Strategic Dialogue on Steel to chart a new course for the European steel industry, which is currently grappling with a range of unprecedented challenges, includi...
EU receives first requests from non-OECD countries for inclusion on WSR list The European Commission has unveiled a major update to the Waste Shipments Regulation (WSR), introducing tighter rules on waste exports to non-OECD countries, including a full ban on such exports by M...
Rumors about steel output cuts in China support futures, but fail to push up spot prices much Today, Wednesday, February 26, news has emerged about China planning to cut crude steel production in the 2025-2027 period, bolstering the weak market sentiments seen early this week. Nevertheless, mo...
