Global Reactions Mount as Countries Respond to Trump’s 25% Steel Tariff A wave of international responses has emerged following President Trump’s decision to impose a 25% tariff on steel imports. The move, intended to bolster domestic production by making imported steel l...
Global Pipe Company to supply LSAW pipes to Aramco Saudi Arabia-based pipemaker TenarisSaudiSteel Pipes, formerly known as Saudi Steel Pipe Co. (SSP), has announced that its subsidiary Global Pipe Company has signed a contract with Saudi Arabian oil a...
European Commission and IndustriAll react to US steel tariffs The European Commission and the European trade union federation IndustriAll Europe have reacted to the US decision to impose 25 percent tariffs on all steel and aluminum imports. Ursula von der Leyen,...
US steel industry endorses new tariffs on imports The United Steelworkers (USW) union, the Steel Manufacturers Association (SMA), the American Iron and Steel Institute (AISI) and US steelmaker Nucor Corporation have made positive statements regarding...
Vietnam's steel imports down 36 percent in January from December In January this year, Vietnam's steel imports amounted to 950,221 mt, down 36.0 percent compared to December, while its scrap imports decreased by 51.1 percent month on month to 301,290 mt, according ...
EUROFER: Weak demand depresses tube output in EU According to the Economic and Steel Market Outlook 2025-2026/Q1 2025 Report from the Economic Committee of the European Steel Association (EUROFER), in the third quarter of this year the output of the...
Brazilian steel institute issues note on steel import tariff in the US The Brazilian steel institute, IABr, reported the surprise decision of the US government to impose a 25 percent import tariff for all steel products, independently of origin, which in Brazil's case, c...
Baosteel Raises Flat Steel Prices for March Sales Amid Tightening Market Conditions Baosteel, one of China’s leading steel producers, has announced an increase in its flat steel prices for March sales. This strategic price adjustment comes as the company faces robust market demand co...
Canadian Steel Industry Reels from US Policy Shift: Firms Call It a “Stab in the Back” Recent reports reveal that the Canadian steel industry is facing significant turmoil following a series of US policy changes that many in the sector have harshly criticized as a “stab in the back.” Th...
Qatar Steel and Bahrain Steel Sign $1,266 Billion Raw Material Supply Deal to Strengthen Regional Supply Chains In a major development for the Middle Eastern steel sector, Qatar Steel and Bahrain Steel have finalized a strategic raw material supply agreement valued at 1,266 billion. This landmark deal is design...
Global Hot-Rolled Coil Prices Continue Rising Since Year’s Start Recent market analysis reveals that hot-rolled coil (HRC) prices have experienced a consistent increase in most global markets since the beginning of the year. This upward trend is largely driven by t...
Nucor raises HRC prices for the third time since the beginning of the year US steelmaker Nucor has announced its third price increase for Hot-Rolled Coil (HRC) products since the start of the year, underscoring the persistent volatility in the steel market. This latest adjus...
