Category: World
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EU to Negotiate with US on Steel Imports Quotas
EU and US to negotiate steel import quotas, aiming to ease tariffs and protect European steel industry interests.
ArcelorMittal Earnings Rise Despite Section 232 Tariff Pressure
ArcelorMittal posts $1B Q2 profit, boosted by Calvert acquisition, despite higher Section 232 tariffs and weak demand.
Trump Copper Tariff Includes Copper Scrap Export Controls
Trump’s copper tariff targets imports and hints at export limits on high-quality copper scrap to bolster U.S. supply.
Austria Steel Production Drops 14.3% in June Amid Energy Cost Pressures
Austria’s steel production declined 14.3% in June 2025, as high energy costs pressure competitiveness and EU demand falls.
Iron Ore Prices Surge Over 10% Amid China’s Infrastructure Boost
Iron ore prices rise over 10% in July as China’s infrastructure projects drive market optimism and steel production…
US Copper Tariff Opens Arbitrage Window Amid Supply Chain Challenges
US copper tariff sparks arbitrage and tests supply chain; self-sufficiency may take 10 years despite price surge.
Peru Mulls Green Light for $6 Billion in Mining Projects
Peru considers approving $6 billion in mining projects amid protests and political instability.
South32 Resumes Manganese Exports from Gemco Mine
South32 resumes manganese exports from Gemco mine, signaling a production recovery after Cyclone Megan’s disruption.
Chinese Steelmakers Boost Profitability Amid Capacity Cuts
Chinese steelmakers profit rebounds 14-fold in H1 2025 due to capacity cuts and softer raw material costs.
European HRC Market Stagnates Amid Import Pressure and CBAM Concerns
European HRC prices drop 2–6% in July due to weak demand, cheap Asian imports, and looming CBAM regulations.
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