The so-called “Trump Tariffs” have shaken things up for metal traders worldwide. At least three countries in the Asia Pacific region will see significant impacts from U.S. President Donald Trump’s 25% tariff imposition on steel and aluminum. In addition to increasing the rate to 25% from the previous 10%, President Trump also removed exemptions and […]
Tag: Steel
Swiss Steel Bows Out? Major Delisting Signals & Drastic Restructuring Shifts
Swiss Steel Group recently announced plans to voluntarily delist from the local stock exchange. The sustainable steel industry leader partly cited restructuring and reorganization changes as reasons for the move, stating that both had resulted in large and long-term investors becoming its principal shareholders. According to January 24 statement, the resulting low float of its […]
Trump’s Tariffs: EU Warns of ‘Firm and Proportionate’ Counterstrike
European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond […]
Construction MMI: Tariff Talk: What Should the Construction Industry Expect?
The Construction MMI (Monthly Metals Index) held its sideways trend, budging down a slight 1.35%. Meanwhile, the U.S. construction industry faces a complex landscape shaped by recent policy changes, Trump tariffs and other economic factors. Tariffs and Their Effect on Construction Materials Steel remains a fundamental component of modern construction, playing a crucial role in […]
Raw Steels MMI: Mills Push For Steel Price Increases, Tariffs on Deck
The Raw Steels Monthly Metals Index (MMI) remained sideways, with a modest 0.78% increase from January to February. However, steel prices could still be in for significant volatility. Mills Push for Price Increases After Weak Q4 As Q4 financial results started to pour in, they reflected a challenging end to 2024. While data from Cliffs […]
Port Talbot’s Next Chapter: Can Port Talbot’s EAFs Reshape UK Steel?
Tata Steel recently appointed its main contractor for the installation of two planned electric arc furnaces at its Port Talbot works in Wales. As the largest steel industry production site in the UK, Port Talbot is a critical part of the country’s steel industry. As a result, analysts and buyers have been watching the overhaul […]
After Global Steel Production Dipped in 2024, What’s Next for the Industry?
According to the World Steel Association, global crude steel production in 2024 declined by about 1% year-on-year. With the data released, organizations now want to determine where steel prices might go for the rest of 2025. On January 24, the Brussels-based association stated that total volumes for the year were just over 1.88 billion metric […]
China’s Steel Sector Faces Uncertain Future Amid Economic Challenges
The output of the world’s largest steel industry, China, fell 1.7% last year, a fact that continues to raise many questions about its future direction. This drop continued the downward trend from the 2020 peak of 1.065 billion tons, bringing the 2024 output down to 1.005 billion metric tons. However, even as China’s own steel […]
Trump’s Tariff Talk Sparks Fear: Will US Steel Imports Face the Axe in 2025?
“The import market is slow right now. We have seen a lot of pressure on imports,” one trader said on January 24. They were referring to the anti-dumping investigation on HRC imports from Japan, Egypt, India and Vietnam, which the European Commission started in August. The move followed a request by the European Steel Association, […]
Weak Markets Forces Swiss Steel to Trim Jobs and Revenues
Specialty and stainless longs producer Swiss Steel recently reached an agreement on a plan to reduce the workforce at its production site in Lucerne Canton, in central Switzerland. The move represents another blow to the European steel industry, which continues to struggle. The Lucerne-headquartered company now plans to reduce up to 50 positions at its […]
