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 […]
Category: Ferrous Metals
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 […]
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 […]
Automotive MMI: Automakers Scramble as Rare Earths Crunch and Tariffs Impact Supply Chains
The Automotive MMI (Monthly Metals Index) moved sideways month-over-month, dropping by 0.70%. This comes as auto industry executives in the U.S. are confronting a whirlwind of trade and supply chain disruptions, not to mention the effects of the recent round of Trump tariffs. In the past month alone, high-stakes U.S.–China trade talks, critical mineral export […]
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 […]
Steel Dumping Tsunami Recedes: China’s Export Peak May Be Behind Us
Has the countdown to the end of China’s steel dominance in its own and international markets begun? Some steel industry reports seem to indicate that this is exactly the case. Many chalk this up to a variety of factors, including a shift in steel demand dynamics, China’s own poor internal demand, its efforts to turn […]
China’s Metal Anti-Dumping is Back. What You Need to Know
Chinese mills are churning out steel, aluminum and even refined copper at near-record levels and sending the surplus abroad, a trend steel industry analysts say could pressure industrial metal prices in the United States. After a year of lagging domestic demand, China’s exports of construction and manufacturing metals have surged, flooding global markets with cheap […]
Renewables MMI: Buyers Stock Up Ahead of 10% Tariff Deadline
The Renewables MMI (Monthly Metals Index) moved sideways, rising a slight 2.83%. Metals prices, including those for copper, steel, lithium and cobalt, have seen significant swings in recent weeks as U.S. companies scramble to source material before tariffs are imposed. For instance, U.S. copper prices surged in Q1 as buyers raced ahead of potential import […]