Gerdau Cancels $600 Million Mexican Steel Plant Over U.S. Tariff Uncertainty *MEXICO CITY – Brazilian steelmaker Gerdau has officially scrapped plans to build a $600 million special steel plant in Mexico*, citing *uncertainty surrounding U.S. tariffs on steel imports* as the p...
India and UK Finalize Historic Free Trade Agreement, Eyeing $60 Billion Trade Boost by 2030 *India and the United Kingdom have formally concluded a landmark Free Trade Agreement (FTA) and a “double contribution convention,” marking the end of three years of intensive negotiations*, both gove...
Trump Reaffirms Tariffs on Canada in Meeting With Prime Minister Mark Carney *WASHINGTON, D.C. – U.S. President Donald Trump has announced his decision to maintain existing tariffs on Canadian imports*, including the *25% duties on steel and aluminum*, following a White House ...
US Industry Injured by Unfair Ferrosilicon Imports, USITC Rules *WASHINGTON, D.C. – The U.S. International Trade Commission (USITC) has officially determined that the domestic ferrosilicon industry has been /materially injured/ by imports from Brazil, Kazakhstan, ...
Peabody Energy Reconsiders Anglo American Coal Acquisition Peabody Energy is contemplating withdrawing from its $3.3 billion acquisition of Anglo American's Australian coal mines due to a "material adverse change" following a significant explosion at the Mora...
US-Canada Meetings Yield No Tariff Relief In a recent meeting at the White House, US President Donald Trump and Canadian Prime Minister Mark Carney discussed trade relations, but no changes were made to existing tariffs on Canadian steel impo...
British Steel to Increase Production and Hire New Staff British Steel is set to recruit over 180 new workers shortly after a UK government intervention saved 2,700 jobs at its Scunthorpe facility. The state stepped in following the company's Chinese owner,...
Thyssenkrupp and IG Metall Reach Agreement on Restructuring Thyssenkrupp's steel division has reached a preliminary agreement with the IG Metall union regarding the company's planned restructuring, aiming to avoid forced layoffs. This development follows Thyss...
China Continues Efforts to Regulate Steel Production China continues to reinforce regulatory controls on its steel industry in 2025, focusing on long-term sustainability rather than short-term output cuts. The government’s strategy has shifted from rest...
Indian Hot-Rolled Coil Prices Rise in Late April Indian hot-rolled coil (HRC) producers have raised their offers by $10 per ton to $685 per ton FOB between April 18-25.This price increase follows the introduction of a 12% safeguard duty on imports o...
Kazakhstan Extends Ban on Exports of Semi-Finished Steel Products Kazakhstan has announced an extension of its ban on the export of semi-finished steel products for another six months, effective from December 1, 2024. This decision, reported by the Ministry of Trade...
ArcelorMittal Kryvyi Rih Aims to Break Even Amid Challenges ArcelorMittal Kryvyi Rih, Ukraine's largest steel producer, is striving to achieve a break-even point in its operations amidst ongoing challenges. The company has been navigating the complexities of o...
