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, […]
Tag: Steel
Did the UK Take a Steel Giant Hostage to Save Its Industry?
The UK Parliament recently passed a law allowing the government to take control of British Steel, a major player in the local steel industry. The move follows Chinese owner Jingye’s plans to shut down two operating blast furnaces at its Scunthorpe site. A Bold Move Towards UK Steel Industry Preservation The House of Commons, Parliament’s […]
Tata Steel Ups its Game at Port Talbot With $1.56B Overhaul
Tata Steel recently signed an agreement to install a new pickling line at its Port Talbot site in Wales. The steel industry leader’s latest move will offer 50% more capacity than the existing line. According to the company’s April 9 announcement, the new equipment will have an annual capacity of 1.8 million metric tons and […]
Fortress Europe? EU Slams the Gate on Steel Imports in Dumping Crackdown
Amid chaos from steel tariffs, the European Commission plans to tighten steel import quotas on April 1 over fears of dumping on the bloc. Those fears primarily stem from U.S. President Donald Trump’s implementation of 25% duties on all steel and aluminum imports into the United States, which came into effect in early March. The […]
Raw Steels MMI: Steel Prices Level Off, Lead Times Shrink
The Raw Steels Monthly Metals Index (MMI) returned to the downside. Overall, the index witnessed a modest 0.75% decline from March to April. Steel Prices Find Peaks as Reciprocal Tariffs Spare Steel Steel prices either found a peak or began to stabilize by the start of April. As of April 4, hot rolled coil prices […]
British Steel to Start Consultations on Closing Blast Furnaces
Steel Industry leader British Steel is set to start consultations on permanently blowing down the operating blast furnaces at Scunthorpe. The move comes after the company failed to reach an agreement with the UK government on financial aid for conversion to green steelmaking. “Since 2020, the shareholder of British Steel, Jingye, has invested more than […]
Historical Price Trends for Industrial Metals Over the Past Decade
Over the last ten years, industrial metal prices have gone on a wild ride, rising, falling and rising again, thanks to everything from global economic swings to supply chain hiccups and geopolitical drama. If you’re in manufacturing, investing, or policy, keeping tabs on these price trends isn’t just helpful, it’s essential. Steel Historical Price Trends […]
Fire Erupts at Salzgitter Plant: Hot Rolled Coil Production Grinds to a Halt
German flats producer Salzgitter recently announced a force majeure on hot rolled strip following a fire at its Lower Saxony site. A March 4 letter to steel industry customers indicated that a fire resulted in the suspension of production at the company’s hot strip mill. According to reports circulating in German media, a restart of […]
Europe’s Steel War? EU Targets Japan, Vietnam and Egypt with Dumping Tariffs
The European Commission recently implemented provisional dumping tariffs on hot rolled coil imports from several countries. The move follows an investigation initiated in Q3 on behalf of the EU steel industry. The European Union’s executive arm stated in a March 14 release that the new measures will come into force on April 7 and will […]
Raw Steels MMI: When Will Steel Prices Peak?
Rising steel prices saw the Raw Steels Monthly Metals Index (MMI) jump by 5.59% from February to March. Steel Prices Surge on Tariff News As of mid-March, steel prices remained decidedly bullish and in search of a new peak as U.S. tariffs set the market on fire. Hot rolled coil prices hit their highest level […]
