The Raw Steels Monthly Metals Index (MMI) trended sideways, with a 1.37% increase from June to July. With a few exceptions, steel prices remained largely steady as long-awaited trade deals with the U.S. began to materialize. Nippon Officially Acquires U.S. Steel After an arduous 18-month process, Nippon Steel officially acquired U.S. Steel. Initially blocked by […]
Category: Carbon Steel
Steel Wars: China Floods Russia with Cheap Metal as Sanctions Cripple Kremlin Mills
Ongoing geopolitical conflicts, including one active war, combined with market instability, declining steel demand in certain global regions and a rise in protective tariffs on exporting nations, have all come together to force some steel-producing countries, including China, to reassess and refocus their steel industry supply chains. Faced with weak domestic steel demand due to […]
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% […]
Construction MMI: New 50% Aluminum and Steel Tariffs Squeeze U.S. Construction
The Construction MMI (Monthly Metals Index) moved sideways, dropping by 2.0% month-over-month. In early June 2025, new Trump tariffs doubled pre-existing steel and aluminum duties from 25% to 50%. As buyers scrambled, U.S. aluminum premiums immediately hit a record 60¢/lb. Meanwhile, the tariff surge is already squeezing the U.S. construction industry. Construction Input Inflation Construction […]
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 […]
Trump’s 50% Tariffs Slam Indian Metals. Is $2 Billion in Trade at Risk?
India is seeing mixed reactions to U.S. President Donald Trump’s new announcement that he is imposing a 50% tariff on all steel and aluminum imports from the country. While the Indian Government sought to play down the new Trump tariffs, with one minister dubbing its impact as “minor,” some analysts, experts and trade bodies are […]
If the Goal Isn’t Price Stability, Then What Are These New 50% Tariffs Really About?
During a rally at U.S. Steel’s Mon Valley Works–Irvin Plant near Pittsburgh last Friday, U.S. President Trump announced plans to raise tariffs on steel and aluminum imports from 25% to 50%. These new “Trump Tariffs” are set to take effect on June 4, 2025, and will not only apply to primary and semi-finished steel and […]