Steel News

Cleveland-Cliffs, POSCO Developing Strategic Partnership

30 October 2025 - Cleveland-Cliffs Inc. on Thursday revealed that is moving to establish a strategic partnership with POSCO, South Korea’s largest steelmaker.

Algoma to Scale Back Coil Production, Speed Up EAF Conversion

30 October 2025 - Algoma Steel is accelerating its conversion to electric arc furnace (EAF) steelmaking and will curtail coil production as it attempts to counter the loss of access to the U.S. market.

Report: U.K. Hopes to Create Western Steel Alliance

27 October 2025 - The United Kingdom is hoping to persuade the European Union to form a steel alliance and perhaps bring along the United States, Politico reports.

European Commission Proposes Plan to Protect EU Steel Sector From Global Overcapacity

08 October 2025 - The European Commission has presented a proposal aimed at protecting the EU steel sector from unfair impacts of global overcapacity and to ensure the long-term viability of the industry.

EU to Propose Cutting Steel Import Quotas, Raising Tariffs to 50%

01 October 2025 - The European Commission is set to propose cutting steel import quotas by about half and raising tariffs on excess volumes to 50%, reported Reuters.

Zekelman Industries Launches Campaign to Spotlight American-Made Steel

30 September 2025 - Zekelman Industries has launched a new marketing campaign, Steel Here, to spotlight the fundamentality of steel products and the vital role American-made steel plays in supporting all industries, protecting communities and sustaining jobs across the U.S.

U.S. Commerce Department Sets Duties on Corrosion-Resistant Steel Imports

27 August 2025 - The U.S. Commerce Department has issued final determinations in a trade case involving corrosion-resistant steels from 10 countries, setting anti-dumping duties ranging from nearly 6% to 191.3%.

Ternium CEO Urges Greater U.S.-Mexico Cooperation

17 June 2025 - The U.S. and Mexico have a shared desire to promote manufacturing within their borders, a goal that could be realized through greater cooperation on trade policy, Ternium’s chief executive said on Tuesday.

Trump Approves Nippon Steel’s US$14.9 Billion Purchase of U. S. Steel

16 June 2025 - U.S. President Donald Trump has approved Nippon Steel’s US$14.9 billion bid for United States Steel Corporation after both companies signed an agreement with the Treasury Department resolving national security concerns, reported Reuters.

Report: Industry Faces Existential Crisis

12 June 2025 - Europe’s steel industry could be wiped out due to the U.S.’s Section 232 tariffs increase, high energy costs and the influx of cheap Chinese steel, the Guardian reported thyssenkrupp said.

Britain Temporarily Exempt From Doubled Steel and Aluminum Tariffs

04 June 2025 - While British exports have been temporarily granted an exemption from the U.S. Section 232 tariffs doubling on aluminum and steel to 50%, they still must pay a 25% duty, reported the Times.

Trump Doubles Steel and Aluminum Tariff Rate

02 June 2025 - U.S. President Donald Trump said Friday that he's raising the Section 232 tariff on imported steel and aluminum to 50%, beginning 4 June.

U.S.-China Trade Deal: Doesn’t Cover Steel, Cars, Aluminum

13 May 2025 - The U.S. and China announced a 90-day pause on tariffs following two days of talks between officials in Geneva, Switzerland, though sector-specific U.S. tariffs on cars, steel and aluminum will remain, reported The Guardian newspaper.

U.S.-U.K. Economic Deal Lowers Some Tariffs

12 May 2025 - The U.S. and U.K. announced a deal to lower tariffs on some goods including British-exported steel, cars and plane parts, reported the Reuters news service.

Global Overcapacity Makes Tariffs Necessary, Executive Says

07 May 2025 - The scale and scope of U.S. President Donald Trump’s Section 232 steel tariffs are debatable, but what shouldn’t be up for argument is the necessity of them, an SSAB executive said Wednesday.

To Survive the Trade War, Algoma Will Do What It Does Best — Make Plate

06 May 2025 - Against the backdrop of trade tensions with the U.S., Canadian sheet and plate producer Algoma will focus on increasing plate shipments from its recently modernized plate mill, reports Northern Ontario Business.

AIST’s Steelmaker of the Year Urges Cooperation Among USMCA Partners

06 May 2025 - To fend off unfairly traded, overseas imports, the U.S., Canada and Mexico must strengthen their relationship and create a more robust regional trade agreement, Ternium chief executive officer Máximo Vedoya said on Tuesday.

Sensing a Changing Wind, Gerdau Cancels Mexican SBQ Project

04 May 2025 - Gerdau has dropped plans to build a 600,000-metric-ton special bar quality mill in Mexico, saying that the project is too risky because of anticipated shifts in the automotive supply market.

Trump Steel Tariffs Take Effect; Canada, EU Launch Swift Response

12 March 2025 - The Trump Administration’s blanket 25% tariff on imported aluminum and steel went into effect Wednesday morning, drawing applause from domestic steelmakers and retaliatory measures from international trading partners.

Ontario Halts Retaliatory 25% Tariff on Electricity

11 March 2025 - Ontario Premier Doug Ford backed off a 25% surcharge on electricity sent to the U.S. following U.S. President Donald Trump’s threat to double down on tariffs on Canadian steel and aluminum.