In September, the European Steel Association (Eurofer) plans to introduce a proposal for an early and intensified safeguard system on imports. According to director Axel Eggert, this would replace the current general safeguard system used by the steel industry. Eurofer stated that the proposed system includes stronger tariff-rate quota (TRQ) protections for European producers, with […]
Christopher Rivituso
ThyssenKrupp Bets €800M on Strip Mill Overhaul
German flats producer ThyssenKrupp Steel recently commissioned a modernized strip mill at its main site in Duisburg as well as new upstream equipment. On July 4, the steel industry titan released a statement detailing that the modernized hot rolled strip mill will be able to roll 3.1 million metric tons of hot rolled coil in […]
Is BYD’s Hungary Plant a Steel Game-Changer for Europe?
Chinese automaker BYD recently appointed Austria’s Voestalpine as its first steel supplier for the planned production plant in Hungary. On June 24, the Linz-headquartered steel industry leader officially announced it will begin supplying autobody and outer-skin components from its rolling mills to BYD’s Szeged plant in Q4 2025. Szeged sits about 180 kilometers south of […]
Steel Giant Bows Out: Who’s Taking Over Bosnia’s Mills?
ArcelorMittal recently announced the sale of its steel plant as well as its stake in its iron ore mine in Bosnia and Herzegovina, with news reporting stating that the steel industry giant will unload the plant to Bosnian industrial conglomerate Pavgord Group. According to the details of the deal, Pavgord Group will acquire the longs […]
Can a $673M Railway Deal Keep British Steel on “Track?”
British Steel has secured a 5-year agreement to supply rail to Network Rail, the infrastructure manager of the UK’s rail network. Under the tenets of the deal, the steelmaker will provide 70,000 to 80,000 metric tons per year. In a June 17 statement, British Steel reported that the contract is worth £500 million (almost $673 […]
Steel Titans: Who’s Up and Who’s ‘Melting Down’?
According to the World Steel Association (worldsteel), one of the leading providers of steel market information, the China Baowu Group was the largest steelmaker group in 2024, with production remaining stable on the year. In its June 5 report, titled “2025 World Steel in Figures,” worldsteel stated that the Shanghai-headquartered company poured just over 130 […]
Steel Showdown: EU Warns Retaliation as Trump Doubles Down on Tariffs
The European Commission (EC) has expressed concern about Donald Trump’s announcement of plans to double import tariffs on steel. The U.S. President proclaimed the new “Trump Tariffs” during a speech at US Steel’s Mon Valley-Irwin works in Pennsylvania on May 30. “We strongly regret the announced increase of U.S. tariffs on steel imports from 25% […]
Tariff Ticking Time Bomb: Trump Gives UK Until July 9th to Avoid Steel Shock
Trump tariffs are back once again putting U.S trade partners in a tough spot. President Donald Trump recently exempted the United Kingdom from his doubling of import tariffs on steel and aluminum into the United States, but only temporarily. While import tariffs from UK steelmakers remain at 25% for now, failure to reach an agreement […]
Is Volvo’s Restructuring a Warning Signal for Steel Demand?
In late April, Swedish automaker Volvo announced plans to cut up to 3,000 jobs, or about 15% of its workforce, as part of a restructuring plan. Since then, steel industry insiders have pointed to the event as a potential warning sign for demand. According to statements from Volvo Cars CEO Håkan Samuelsson released on May […]
Auto Shock: Trump’s 25% Tariff Sends Europe Reeling
The “Trump Tariffs” continue to shock global markets, affecting multiple major sectors. Recently, European auto manufacturing ombudsmen reacted with alarm to President Donald Trump’s imposition of a 25% import tariff on auto imports into the United States. EU Auto Leaders React to Trump Tariffs Hildegard Müller, president of the German Association of the Automotive Industry, […]
