After filing for bankruptcy in December 2024, Crucible Industries, a U.S. specialty and stainless steel manufacturer, found two buyers for its assets through auctions. Read more
The European Commission (EC) has proposed to continue exempting Ukrainian steel imports from trade defense measures, reinforcing its commitment to supporting Ukraine’s economy amid the ongoing war Read more
The Norwegian government plans to implement the EU’s Carbon Border Adjustment Mechanism by 2027 to ensure equal carbon pricing for domestic and imported goods. Read more
Indian auto producers and dealers both reported weaker sales in February due to weak consumer sentiment. However, buying is expected to bounce back in March due to the festive season. Read more
Stainless steel exports in South Korea increased last month, but the rise was a rebound from the weak January performance rather than an indication of stronger overseas demand in February. Read more
Tubacex saw a significant decline in sales in Q4 2024, but it expects better results going ahead, driven by strong demand in end-use sectors. Read more
The major Taiwanese stainless flat product makers Yieh United Steel Corp. (YUSCO) and Tang Eng Iron Works (Tang Eng) have recently announced a significant rise in February sales. Read more
South Korea has imposed provisional anti-dumping duties on Chinese stainless steel plates following an investigation and recommendations by the Korea Trade Commission (KTC) in January. Read more
The Steel and Metals Action Plan reveals actions to protect these industries from unfair competition and carbon leakage. They range from reducing energy costs to refining CBAM and trade policies. Read more
February 2025 prices from SMR's monthly price census are available in the Stainless Club for both flat and long products. The latest prices are presented in a compact table. Read more
Taiwan saw a sharp rise in stainless steel exports in February, driven primarily by the resumed shipment of cold-rolled (CR) coils to the EU. Imports hike on Indonesian hot-rolled coil supply rise. Read more
Sentiment in the American business community has started to shift after two months of chaotic decision-making under Trump, fueling growing concerns about inflation and recession. Read more
Unchanged safeguard quotas in the EU improved sentiment among Asian stainless flat product exporters. US tariffs on South Korea and Japan became another positive signal for other Asian rivals. Read more
The Philippines Nickel Industry Association (PNIA) expects faster growth in global nickel consumption than in output this year, driven by stainless steel and renewable energy industries. Read more
Following the unfolding of Trump's tariff campaign, now directly affecting steel, Canada and the EU reacted immediately, while other countries either delayed their response or pursued negotiations. Read more
In 2024, Klöckner & Co shipments increased by 4.8% to 4.5 million tonnes but the sales value decreased by 4.7% to EUR 6.6 billion. Read more
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