Gerdau Shifts Focus to US, Scales Back Brazil Investments *Gerdau Group* CEO *Gustavo Werneck* announced during an analyst conference that the company will *cut its 2026 investment plan in Brazil* from *BRL 6.0 billion to BRL 4.7 billion (USD 1.12 billion → ...
Brazil’s Machinery and Equipment Sector Faces Slowdown in August 2025 According to *ABIMAQ*, the Brazilian Machinery and Equipment Manufacturers’ Association, the sector recorded *lower activity in August 2025*, reflecting both *domestic deceleration* and *external expo...
EU Steel Industry Demands Urgent Action to Protect Jobs and Competitiveness The *European steel industry* is in crisis and facing unprecedented challenges from *global overcapacity, unfair imports, and uncompetitive energy costs*, industry and labor leaders warned at the *Eme...
EU to Halve Steel Import Quotas, Raise Tariffs to 50% in New Trade Package The *European Union* is preparing to *halve steel import quotas* and *raise tariffs on volumes above quota levels from 25% to 50%*, according to a report from *Reuters*. The measures are expected to b...
Canada Launches Antidumping Review on Welded Pipe Imports from Four Countries The *Canada Border Services Agency (CBSA)* has announced the launch of an *administrative review* covering certain *carbon steel welded pipe* imported from *Pakistan, the Philippines, Turkey, and Viet...
Tata Steel UK Begins Construction of New Pickling Line at Port Talbot *Tata Steel UK*, a subsidiary of Indian steelmaker Tata Steel Limited, has officially *broken ground on a new pickling line at its Port Talbot site*. The facility, supplied by *France-based Clecim* a...
Malaysia Unveils Steel Industry Roadmap 2035 to Drive Green Transformation The *Malaysian government* has officially launched its *Steel Industry Roadmap 2035*, a *10-year strategy* to build a *globally competitive, sustainable, and technologically advanced steel sector*. D...
Indian Government Pressures State-Run Miners to Boost Iron Ore Output The *Indian Ministry of Mines* has issued a formal warning to *state-run miners SAIL and OMC*, instructing them to *operationalize idle mines and increase production* or face punitive measures. The m...
Tata Steel, Dutch Government Sign Pact on Green Transition at Ijmuiden Mill *Tata Steel Limited* has reached a *non-binding agreement* with the *Dutch government* to transition its *Ijmuiden steel mill* to *low-emission production*, marking a key step in the company’s decarbo...
Strong Steel Consumption Outlook for India and ASEAN Speaking at the *SteelOrbis Fall 2025 Conference & 93rd IREPAS Meeting in Munich*, Anastasiia Kononenko, head of Asia market intelligence at SteelOrbis, highlighted a *robust consumption outlook for b...
China’s Local Governments Issue RMB 489 Billion in Special Bonds in August Local governments in China issued *RMB 489 billion ($68.9 billion)* in new special bonds in *August 2025*, according to the *Ministry of Finance*. This represents a *20.7 percent decrease from July*, ...
US DOE Cancels $13 Billion in Climate Funds, Refocuses on Energy Security The *US Department of Energy (DOE)* has announced plans to *return more than $13 billion in unobligated climate funds*, redirecting resources toward *traditional energy security priorities*. Energy S...
