The country is also extending preferential tariffs on certain US products Canada will extend tariff rate quotas (TRQs) and preferential tariffs on imports of certain types of steel and aluminium from the US for a further year. This was announced by the country’s Finance Minister, François-Philippe Champagne, according to a government statement. He cited the need to protect workers in the sector from global excess production capacity and to provide long-term certainty for producers and importers. The extension of these measures, which is subject to government approval, will remain in force until 27 June and 30 June 2027 respectively. Current quota levels will continue to be based on 20% of 2024 volumes for partners without a free trade agreement with Canada, and 75% for those with such an agreement. Imports exceeding the quota limits will continue t...

The industry association believes that the parties should discuss the possibility of duty-free quotas Since the US raised steel tariffs to 50%, exports of steel products from the EU to the US have fallen by a third. This is according to a report by the European Steel Association (EUROFER). In the three quarters since these tariffs were introduced (4 June 2025), this figure has fallen by 34% year-on-year – to 1.94 million tonnes. At the same time, the further extension of tariffs to derivative products continues to have a significant impact on European steel producers and wider value chains. As noted by the industry association, last week EU governments approved legislation to implement the trade agreement between the parties. It includes safeguard provisions allowing the European Commission to suspend certain parts of the agreement if the Uni...

The total investment amounts to $3.97 billion Japanese steelmaker Nippon Steel has begun transitioning from blast furnace production to electric arc furnace (EAF) production at its Kyushu Works facility, marking a significant step in its decarbonization strategy. This was reported by Japan Metal Daily. The new EAF will have a capacity of approximately 2 million tons per year and is expected to begin production in the first half of the 2028/2029 fiscal year. The company is positioning this project as the world’s first integrated system for the mass production of high-quality steel using a large-scale electric arc furnace. It also includes secondary refining and continuous casting facilities. The total investment amounts to 630.2 billion yen ($3.97 billion), with the upper limit of government support set at 179.9 billion yen. The company also plans...

Rising costs and weak demand have limited production, and March was the worst month for the industry since 2020 Steel production in China fell by 4.6% y/y in the first quarter of 2026, to 247.55 million tons. This is according to data from the country’s National Bureau of Statistics, as reported by TradingView. The downward trend intensified in March, when output fell by 6.3% year-on-year – to 87.04 million tons, marking the lowest figure for that month since 2020. Average daily production stood at 2.81 million tons, compared to 2.99 million tons a year earlier. The key factor behind the decline was the deterioration of steelmakers’ margins. In the first quarter, raw material costs rose, particularly due to higher iron ore prices, which were supported by high freight rates amid the conflict in the Middle East and restrictions on shipments through t...

Exports of these products, in particular, were slowed by the decline in steel production in China In the 2025/2026 fiscal year (ending March 31), India reduced its exports of iron ore and pellets by 15% year-over-year, to 25.78 million tons, according to data from BigMint. Exports of fine and lump ore for the period totaled nearly 22.31 million tons (-3% year-on-year), while overseas sales of pellets are estimated at 3.47 million tons (-53% year-on-year). In the 2025/2026 fiscal year, India sold iron ore primarily to China—this country accounted for over 90% of exports of this product during the period. However, the volume of these shipments fell to 24.21 million tons compared to 27.8 million tons in the previous fiscal year. Iron ore exports from India were slowed by the decline in steel production in China in 2025, the drop in global iron ore prices last ...

At the same time, the Dutch parliament is considering support for the decarbonization of the plant in Eemeden Tata Steel IJmuiden is exploring ways to resolve the issue facing two of its coke-chemical units, which are at risk of closure due to excessive emissions of heavy metal particles and carcinogenic benzene. This was announced by the company’s CEO, Hans van den Berg, according to DutchNews.   In March, the company paid €8.5 million in fines for violating environmental standards set for these facilities, and further penalties are expected.   Tata Steel notes that it cannot shut down these facilities in the near future for economic reasons, but local residents are demanding action.   Meanwhile, the lower house of the Dutch parliament has agreed to support a €2 billion subsidy package for the Tata Steel facility ...