GFSEC Ministers Agree on Coordinated Framework to Tackle Global Steel Overcapacity At the *Global Forum on Steel Excess Capacity (GFSEC)* ministerial meeting in *Gqeberha, South Africa*, ministers from *29 participating countries* reaffirmed their commitment to tackle the *worsening...
India’s JSL Unveils Stainless Steel Tipper Trailers to Revolutionize Salt Transport *Jindal Stainless Limited (JSL)* has launched a *new line of stainless steel salt tipper trailers*, aiming to tackle *corrosion and high maintenance costs* in India’s salt transport sector. The *stai...
Canada Imposes Provisional AD/CVD Duties of Up to 329% on Chinese Cast Iron Pipes The *Canada Border Services Agency (CBSA)* has issued *preliminary antidumping (AD)* and *countervailing (CVD)* duty determinations on *cast iron soil pipes from China*, with *combined provisional dut...
Japan’s Tetsusho Expands Asian Operations with New Subsidiaries in India, Vietnam, and Bangladesh *Japan-based Tetsusho Corporation*, an affiliate of *Nippon Steel Corporation*, has established *three new wholly owned subsidiaries* in *India, Vietnam, and Bangladesh*, marking a *major expansion ac...
Worldsteel: Global Steel Demand to Stabilize in 2025, Rebound in 2026 The *World Steel Association (worldsteel)* forecasts that *global steel demand will remain stable at 1.75 billion mt in 2025* before *growing 1.3% to 1.78 billion mt in 2026*, driven by strong regiona...
Malaysia to Introduce Carbon Tax in 2026, Targeting Steel and Energy Sectors *The Malaysian government will launch a carbon tax in 2026*, focusing first on the *iron and steel* and *energy* industries as part of its *net-zero 2050 commitment*. *Revenue from the tax will feed ...
Stegra Launches New Financing Round to Advance World’s First Large-Scale Green Steel Plant *Stegra has started a new financing round to support the construction of its Boden green steel plant in Sweden*, set to become the *world’s first large-scale fossil-free steel facility*. According to...
Trump Threatens 100% Tariffs on China, Cancels Meeting with Xi Jinping US President *Donald Trump* has reignited trade tensions with China, announcing *plans to impose 100% tariffs* on Chinese imports starting *November 1*, in response to *China’s expanded export control...
Spain’s Tubos Reunidos Suspends US Operations Amid 50% Tariffs Spanish seamless steel tube producer *Tubos Reunidos* has *temporarily suspended operations at its Texas plant*, citing *challenging market conditions* following the *50% US tariffs on steel and alumi...
South Korea Launches Policy Package to Counter EU Tariffs and Global Oversupply Facing *EU tariff hikes*, global *steel overcapacity*, and *rising energy costs*, *South Korea’s Ministry of Trade, Industry and Energy (MOTIE)* has unveiled a *strategic policy plan* to support its s...
Thailand Imposes Antidumping Duties on Vietnamese Cold Rolled Stainless Steel *Thailand’s Ministry of Commerce* has finalized its *antidumping (AD) investigation* on cold rolled stainless steel from Vietnam, ruling that *Vietnamese imports were being dumped*, causing injury to ...
62 Countries Tighten Trade Measures Against Chinese Steel As of *October 2025*, *62 countries have imposed 207 trade restrictions* on *Chinese steel imports* to counter *state subsidies* and *market distortions*, according to *OECD data*. Chinese steel expo...
