Category: World
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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.
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…
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.
UK Invests £200 Million in Acorn Carbon Capture Project in Scotland
UK backs Acorn CCS project with £200M to store CO₂ under North Sea and accelerate industrial decarbonization.
ArcelorMittal Poland Says Steelmakers Can’t Bear Decarbonization Costs Alone
ArcelorMittal Poland urges energy price cuts to support steel decarbonization amid rising costs.
JSW Exceeds Coking Coal Production Plan by 20% in May 2025
JSW outpaces May 2025 coking coal production target by 20.1%, reinforcing its strategic shift away from thermal coal.
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