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03 Mar.,2025

 

Latest Steel News - SteelOrbis

Latest Steel News

SteelOrbis offers the latest independent steel news coverage compiled by its worldwide steel industry network. Approximately 25 fresh news articles on topics most prominently affecting the steel industry at large can be viewed on the steel news pages everyday in four different languages.

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Free Metallus reports lower net sales for Q4 and lower net income for the full-year of

Free US tool steel exports down 5.1 percent in December from November

Free US merchant bar exports down 6.9 percent in December from November

Free Canadian new vehicle sales down 16.1 percent in December

Free UK targets Russia's energy revenues, sanctions coking coal producers

Free New car registrations in EU down 2.6 percent in January

Free Rio Tinto manages to cut emissions via renewable diesel

Free Aurora to construct distribution facilities for Blastr's green steel plant

Free Producer prices in French industry up 0.7 percent in January from December

Free India's Tata Steel begins deploying EVs at mines to cut carbon emissions

Free India's RINL inks long-term iron ore supply deal with NMDC to achieve operational viability

Free Toyota's domestic vehicle output rises in January, overseas output falls

Free TUIK: Turkey's steel import value down 2.1 percent in January

Free Canada extends preliminary decision period for AD probe against CORE steel from Turkey

Free Libya's LISCO exports HBI to Turkey and Morocco

Free ICRA: Indian passenger car sales growth to be moderate at 4-7% in FY -26

Free 13,000 major projects to be built in Jiangsu in

Free Columbia initiates AD investigation on welded steel pipe from China

Free MOC: Average steel prices in China edge up slightly during Feb 17-23

Free SAIL's Rourkela steel mill commences pellet plant construction

Free US mechanical tubing exports down 33.7 percent in December from November

Free US tin plate exports down 21.1 percent in December from November

Free Level of confidence among Brazilian industrial entrepreneurs low and stable in February

Free Canadian iron ore production up 3.5 percent in December

Free Brazilian finished steel balance returned to a deficit in January

Free Canadian manufacturing sales increases 0.3 percent in December

Free TUIK: Turkey's steel export value up 13.1 percent in January

Free New US steel import tariff to hit transshipping of China's steel, intensifying global competition

Free India's coal ministry not to rush IPO and listing of BCCL

Free EC unveils Clean Industrial Deal, EUROFER not satisfied

Free Outokumpu to upgrade its pickling line in US

Free UAE's EMSTEEL to expand product portfolio with Asset Enhancement Program

Free French pipe producer Vallourec sees lower pipe sales volume in

Free Japan's steel scrap exports up 21.4 percent in January

Free S. Korea to formally file AD investigation on HRC from China and Japan in early March

Free S. Norton Group to cut energy use at shredder plant with new inverter

Free Italy's Fassi to use SSAB's green steel in new products

Free Turkey's Kar-Demir Çelik to build solar and wind power plants in İzmir

Free India's SAIL to invest $800 million to construct new rail mill

Free Zhongnan Steel cuts longs output by 600,000 mt

Free 798 major projects to be built in Shenzhen in

Free World Bank: EU's CBAM to impact Indian exports of steel and aluminium

Free Investment in Canadian building construction increases 1.9 percent in December

Free Canadian industrial product and raw material prices increases in January

Free Brazilian crude steel production increases in January

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Steel tariffs could drive up domestic prices and capacity, but unlikely ...

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Manufacturers are bracing for the impact of President Donald Trump's newly announced 25% tariffs on all steel and aluminum imports

The tariffs, which do not include any exemptions or product exclusions, could drive up operational and supply costs for manufacturers that rely on steel inputs, according to Greg Husisian, chair of the international trade and national security practice at Foley & Lardner. 

Much remains to be seen, however, when it comes to how the new trade order will interact with existing steel tariffs that Trump enacted during his first term, or how far the tariffs will extend into downstream steel products, Husisian said. 

Many manufacturers rely on foreign steel suppliers ' finished steel imports made up approximately 23% of the commodity's consumption last year, according to the American Iron & Steel Institute. Higher tariffs could push more manufacturers to turn to the domestic steel market, which could drive up prices and push steelmakers to increase domestic production capacity, Husisian said. 

Metal recycler Greenwave Technology Solutions, which supplies steel mills with recycled materials including steel and aluminum, is already seeing prices for scrap metal rise, with prices up 10% so far this month, according to CFO Isaac Dietrich. Nucor, one of Greenwave's largest customers, has increased its orders as it moves to a primarily domestic supply chain, Dietrich added.

While demand for U.S. steel is likely to rise as a result of the tariffs, Husisian said it's unlikely that will translate to significant job growth.

'The one thing I know it won't have a big impact on is U.S. steel manufacturing jobs," Husisian added. "The idea that we're ever going to be anywhere near the 300,000 manufacturing steel jobs that we had at one point is just never going to happen."

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There were roughly 83,600 workers employed in iron and steel mill and ferroalloy production in the U.S. in , according to the Federal Reserve Bank of St. Louis. Employment in the industry has fallen steadily over the last few decades, down from nearly 200,000 workers in .

Job growth could come in smaller batches, however ' Dietrich said Greenwave is likely to add roughly 50 workers this year due to heightened demand. 

The tariff move could help to bring more financial stability to the U.S. steel industry, which has seen some volatility over the past year amid Japan-based Nippon Steel's bid to acquire U.S. Steel. On Friday, Trump commented that the deal would now take the form of Nippon's investment in U.S. Steel, though the company has yet to publicly confirm that information. 

Industry groups applauded the tariff news, with Steel Manufacturers' Association President Philip Bell calling it a way to help "[level] the playing field for American manufacturers."

"Tariffs are a powerful tool to fight against unfair trade and state-sponsored overcapacity around the world and compel other nations to take a serious approach to fair trade,' Bell said in a statement Monday.

Other manufacturers, however, aren't as optimistic about the impact. The Association of Equipment Manufacturers said in a statement it was 'alarmed" by the tariffs that it says are likely to disrupt supply chains, drive up equipment production costs by up to 7% and threaten jobs. 

Manufacturers expressed some concern about the threat of tariffs in recent earnings calls. Tractor maker AgCo SVP and CFO Damon Audia said in a call last week that while it expects minimal impact from tariffs on Canada, Mexico and China, heightened duties on inputs from the European Union, such as steel, would have more negative ramifications. 

For manufacturers trying to mitigate the impact of the tariffs, Husisian said now is the time to create plans for alternative suppliers as well as plans for added supply chain, pricing and contractual flexibility. Force majeure will be tough for manufacturers to rely on in supplier contracts, as tariffs are often viewed as foreseeble risks, he added.