Category: World
Green Steel Revolution Faces Energy Crunch: A Looming Crisis in Europe’s Decarbonization Efforts
Europe’s green steel revolution faces an energy crunch. Can the EU meet its decarbonization goals without affordable,…
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.
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.
EU Hot Rolled Coil Prices May Drop to €570/t – What’s Behind the Decline?
EU hot rolled coil prices could hit €570/t due to weak demand and oversupply. Will new trade measures lead to a market…
Iran Strait of Hormuz Threat Raises Oil Price Risk Amid Escalating US Tensions
Iran’s Strait of Hormuz threat could trigger a global oil shock but risks severe self-inflicted economic damage.
Eurofer Calls for 50% Quota Tariff Post-Safeguard to Protect EU Steel Industry
Eurofer urges the European Commission to implement a 50% tariff and reduce duty-free imports to protect the European…
Germany’s Growing Demand for Military-Grade Steel Amid Global Tensions
Germany’s defense industry pushes for increased production of military-grade steel to meet growing demand. Key steelmakers…
EU Reduces Imports of Direct Reduced Iron (DRI) by 20.8% in Early 2025
EU’s DRI imports drop by 20.8% in January-April 2025. The decrease is linked to reduced shipments from Germany, Netherlands,…
Andritz Opens Electrolyzer Gigafactory in Germany to Boost Green Hydrogen Supply
Andritz opens a 1.1 GW electrolyzer gigafactory in Germany to power Europe’s green hydrogen and low-carbon steel markets.
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