EMSTEEL Boosts Innovation Investment by 127% (2020–2024) EMSTEEL, a leading steel and building materials company in the Gulf region, has reported a 127% increase in spending on innovation and development between 2020 and 2024. This substantial investment re...
U.S. Introduces New Port Fees on Chinese-Built Ships Amid Trade Tensions In a move to bolster domestic shipbuilding and address concerns over China's dominance in maritime logistics, the U.S. government has announced new port fees targeting Chinese-built and operated vesse...
Salzgitter Secures Supply Deal for Angola's Drinking Water Revamp Salzgitter AG, a prominent German steel manufacturer, has secured a contract to supply spiral-welded large-diameter steel pipes for Angola's Quilonga Grande project. This initiative aims to revamp the...
U.S. Imposes New Port Fees on Chinese Ships Amid Escalating Trade Tensions *WASHINGTON D.C., April 17* — The *Trump administration has announced new port fees targeting Chinese-owned and operated ships*, marking a significant escalation in the ongoing U.S.–China trade disput...
Trump Downplays Role of Nippon - U.S. Steel Deal in Bilateral Trade Talks During a recent press appearance, President Donald Trump expressed skepticism about incorporating the controversial Nippon Steel acquisition of U.S. Steel into formal trade negotiations with Japan. Hi...
Steel Structures Market Expands in Ukraine as Reconstruction Accelerates Ukraine's construction sector showed significant resilience in 2024, with domestic consumption of steel structures rising 15% year-over-year to reach 91,000 tons. This surge is closely tied to the cou...
British Steel on the Market: UK Government Seeks Strategic Buyer Amid Crisis The UK government has officially begun a search for a new owner for British Steel, signaling its commitment to preserving steel production capacity at the Scunthorpe plant. The move comes after prolon...
Thailand's Economic Growth Faces Setbacks as U.S. Tariffs Weigh on Key Sectors Thailand has revised its economic growth forecast downward for 2025, with GDP now expected to expand by less than 2.5%, largely due to new U.S. tariffs targeting Southeast Asian exports. These measure...
Trump Considers Halting Tariff Escalation with China; TikTok Deal on Hold Former U.S. President Donald Trump has signaled a possible shift in tone toward China, suggesting that while current tariffs on Chinese imports remain, the U.S. may avoid escalating them further. Trum...
UK Increases Export Finance Support to Counteract Tariff Impacts In light of recent US-imposed tariffs, the *UK government* has announced an expansion of export finance support by £20 billion, elevating the total lending capacity of UK Export Finance to £80 billion...
Turkey Exhausts EU Steel Import Quotas for Second Quarter As of April 11, *Turkey* has exhausted its allocated EU steel import quotas for the second quarter, covering products such as rebar, wire rod, and hollow sections. In response, the *European Commiss...
Ukraine's Economic Recovery Stalls, Remaining 23% Below Pre-War Levels in 2024 In 2024, *Ukraine's economy* showed signs of stagnation, with GDP growth slowing to 2.9% year-over-year, leaving the economy 23% below its pre-war levels. Key factors impeding recovery include ongoi...
