The European Union should drop a looming carbon border tax that risks pushing its aluminium sector into long-term decline by inflating costs and benefiting more polluting overseas suppliers, the CEO of…
Iron ore prices in 2026 will stabilize at around $100/t. This forecast was announced by Brazilian mining company Vale, according to Kallanish. In particular, an increase in supply from large mining companies,…
The European Commission plans to restrict exports of rare earth waste and battery scrap that can be recycled from early 2026 as part of its push to secure critical raw materials used in electric cars,…
On December 1, the company announced a $5 per short ton increase in its weekly spot price for HRC, bringing it to $920/t. Thus, the total increase over six weeks amounted to $45/t.
Nippon Steel sees the weak performance at its newly acquired U.S. Steel unit as temporary and remains committed to investing $11 billion to boost its profit contribution to around 250 billion yen ($1.6…
Saudi Arabia has stepped up scrap imports to address a widening supply-demand gap, as the country braces for a critical shortage in the first quarter of 2026.
In early November, the global hot-rolled coil (HRC) market is showing a predominantly upward trend. Prices are rising in the EU and the US amid more stable demand and reduced supply, while China, on the…
Sweden said on Wednesday it had granted green steel startup Stegra 390 million crowns ($41 million) in funding, as the Swedish company gathers new financing to complete its factory in the north of the…
In a letter to customers, the company specified that the price of thick plate will increase by $30 per short ton for all new orders not confirmed by the end of the business day on November 24. This increase…
India's finished steel imports during the first seven months of the financial year were down 34.1% year-on-year, according to provisional government data reviewed by Reuters on Monday.
Despite the push to lower steelmaking emissions, there is limited demand for high-quality scrap in Europe, while EU mills could follow their US counterparts and acquire scrap processors to have first…
Based on the Commerce Department’s most recent Steel Import Monitoring and Analysis (SIMA) data, the American Iron and Steel Institute (AISI) reported today that steel import permit applications for the…
