India Proposes Linking Domestic Iron Ore Prices to Global Benchmarks for Greater Transparency The *Ministry of Mines of India has proposed a major overhaul of the country’s iron ore pricing system*, recommending that *domestic prices be benchmarked to international indices* such as those publi...
EU Launches €3M Hydrogen Support Project for Turkey The *European Union has approved a €3 million technical assistance project* to support the development of *Turkey’s green and low-carbon hydrogen ecosystem*, with the country's national gas supplier *...
EU Agrees on CBAM Simplification, Easing Burden for Small Importers The *European Parliament and Council have reached a political agreement* on a package of technical changes to the EU’s *Carbon Border Adjustment Mechanism (CBAM)*, aiming to *simplify compliance* whil...
British Steel Backs £22M IGNITE Project to Transform UK Steel Industry *British Steel has joined a major £22 million initiative* aimed at reshaping the UK’s steelmaking sector, with the goal of strengthening the domestic supply chain, *boosting national infrastructure*, ...
Industrial Confidence Drops in June as Brazilian Entrepreneurs Remain Cautious *Confidence among Brazilian industrial entrepreneurs declined in June*, according to data released by the National Confederation of Industry (CNI). The Industrial Entrepreneur Confidence Index (ICEI) ...
India’s Steel Imports Projected to Halve in FY 2025–26 Amid Safeguard Duty Impact *India’s 12% safeguard duty on steel imports is showing early signs of success*, with total import volumes projected to fall by *50% in fiscal year 2025–26*, compared to the *9.5 million metric tons (...
Nippon Steel Finalizes Landmark Partnership with US Steel, Pledges $11 Billion Investment *Japanese steel giant Nippon Steel Corporation has officially completed its strategic partnership with United States Steel (US Steel)*, in a deal that is expected to generate *over 100,000 jobs* and b...
Poland Launches Strategic Plan to Drive Sustainable Steel Industry Transformation *The Polish Ministry of Industry has unveiled a wide-ranging action plan to secure the sustainable development of the national steel industry*, targeting major challenges including *competitiveness, e...
Brazil’s Finished Steel Trade Deficit Widens Sharply in May *Brazil posted a significant increase in its finished steel trade deficit in May*, driven by a sharp rise in imports and a modest uptick in exports, according to data released by *SECEX*, the country’...
Namikata Shipbuilding Adopts JFE Steel's Green Steel for Eco-Friendly Cargo Vessel In a significant step toward greener maritime transport, *JFE Steel Corporation* has announced that *Namikata Shipbuilding*, a Japanese domestic shipbuilder, has utilized its *JGreeX® green steel* in ...
NeoSmelt Consortium Secures Funding for Australia's Largest Low-Carbon Ironmaking Pilot In a major push toward decarbonizing the steel industry, *NeoSmelt*, a consortium formed by industry giants *BlueScope, Rio Tinto, and BHP*, has received a *A$19.8 million funding boost from the Austr...
India Expands Steel Import Restrictions, Raising Alarm Over Supply Chain Disruptions In a move that has sent shockwaves across the steel industry, *India's Ministry of Steel has widened import restrictions* on steel and steel-related products, sparking concerns over *supply chain disr...
