Category: Market
European Steel Market Slows as CBAM and US Tariffs Disrupt Trade
CBAM costs and US tariffs slow Europe’s steel recovery, with demand falling and uncertainty clouding 2025 forecasts.
Howmet Aerospace Expands Tennessee Capacity with New Job Creation
Howmet Aerospace expands Morristown, Tennessee plant, adding 217 jobs to boost aerospace alloy production capacity.
CMC Reports 12% Growth in Steel Shipments Amid Spring Market Recovery
CMC’s spring 2025 steel shipments rose 12% quarter-over-quarter despite a 30% drop in net income.
Chinese Steel Output Declines in May 2025 Amid Global Downtrend
China’s steel output fell 6.9% YoY in May 2025, raising questions on global steel overcapacity and demand trends.
Germany Steel Production Declines 6.4% Year-on-Year in May 2025
Germany’s steel production fell 6.4% y/y in May 2025 amid ongoing industry pressures and shifting market dynamics.
Global Steel Production Falls 3.8% Year-on-Year in May 2025
Global steel production dropped 3.8% in May 2025, driven by declines in key markets including China and CIS countries.
EXIM Financing Backs Titan Mining’s Zinc and Critical Minerals Expansion
EXIM approves $15.8M for Titan Mining to expand zinc output and critical minerals in New York under MMIA initiative.
Troilus Gold Signs Offtake Agreement with Aurubis for Quebec Copper-Gold Project
Troilus Gold secures offtake deal with Aurubis, advancing its Quebec project with key financing and strategic support.
Hope Downs 2 Iron Ore Project Advances with $1.6 Billion Investment
Rio Tinto and Hancock invest $1.6B in Hope Downs 2 iron ore project to sustain Pilbara production.
Ferrous Scrap Prices Hold Steady as U.S. Steel Output Rises
Recycled steel prices remained stable in June as U.S. mills increased production and global demand held flat.
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