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Pig iron prices in Black Sea ports fall to their lowest since 2020

Buyers are holding back from making dealsPig iron prices in the Black Sea ports fell to their lowest level since August 2020 in early 2025, reaching $330/t as of February 14. A corresponding decline in the Black Sea market has... Read more

Pig Iron,Steel › Brazil seeks negotiation over US steel tariffs instead of retaliation

Brazilian steel traders expect the government to negotiate with the US over new tariffs on steel exports, including slabs, rather than take retaliatory measures. The US steel industry relies on Brazilian slabs and pig iron for production, while Brazil depends on... Read more

Steel › The world’s top 15 steel producers in 2024

China, India and Japan occupied the top positions among the world’s leading steel producers in 2024, according to data from the World Steel Association (Worldsteel).Globally, steel production totaled 1.883 billion metric tons, implying a 0.8% drop compared to 2023.World steel producers Among the major producing... Read more

Pig Iron,Steel,Tariffs › Brazilian trade sources expect negotiation and concession on Trump steel tariffs

Brazilian steel traders said on Feb. 11 that they expected their government to negotiate concessions for steel products, including slabs exported to the US, rather than to retaliate to US President Donald Trump's announced imposition of a 25% tariff on... Read more

USA,Taxe › Fact Sheet: President Donald J. Trump Imposes Tariffs on Imports from Canada, Mexico and China

ADDRESSING AN EMERGENCY SITUATION: The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency under the International Emergency Economic Powers Act (IEEPA).Until the crisis is alleviated, President Donald J. Trump is implementing a 25%... Read more

Steel,Turkey › Turkey increased steel exports by 27.6% y/y in 2024

Steel imports last year increased by 1.7% y/yTurkey increased steel exports by 27.6% y/y in 2024 – to 13.4 million tons. This is evidenced by data from the Turkish Steel Association (TCUD), Güneş reports.In December last year, this figure increased by... Read more

Steel,Netherlands › The Netherlands increased steel production by 36.1% y/y in 2024

Steel production for the year reached 6.4 million tonsThe steel industry in the Netherlands increased steel production by 36.1% in 2024 compared to 2023, to 6.4 million tons. Thus, the country ranked 26th in the global ranking of steel-producing countries... Read more

USA,Steel,Trump,Economy › Donald Trump pledges sweeping tariffs on steel, semiconductors and other imports

WASHINGTON ― President Donald Trump said Monday he plans to impose sweeping tariffs on steel, aluminum and copper imported to the U.S. as well as goods such as computer chips, semiconductors and pharmaceuticals in a push to increase U.S. production of... Read more

Brazil,Brasil,Steel,Charcoal › Forging a greener future: How charcoal can power Brazil’s sustainable steel industry

Brazilian steelmakers are increasingly engaged in finding solutions to reduce greenhouse gas emissions and make their energy- and carbon-intensive operations more sustainable.As part of these efforts, there is growing interest among these companies in using charcoal, which generates lower emissions... Read more

Brasil,Brazil,Vale,Iron Ore › Brazil: Vale increases iron ore production to highest level since 2018

Brazilian company shows 2% growth in 2024, despite a decline in the fourth quarterBrazilian mining company Vale reached its highest level of iron ore production since 2018 in 2024 – 327.67 million tons, up 2% from a year earlier. Pellets... Read more

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