Imports of these products amounted to 1.52 million tons In 2025, China reduced its stainless steel exports by 0.3% – to 5.03 million tons. This is evidenced by data from Chinese customs authorities, according to Steel Orbis. Imports of this product amounted to 1.52 million tons at the end of last year, which is 19% less on an annualized basis. In December 2025, China exported 485,000 tons of stainless steel (+4.2% y/y and 19.7% m/m). The December surge occurred ahead of the introduction of an export licensing system for all steel products on January 1, 2026. Stainless steel imports in the last month of 2025 amounted to 145,000 tons (+1.9% y/y and 29.3% m/m). Imports of stainless steel scrap to the country amounted to 120,100 tons last year, which is 23.5% more than in 2024. In December, these volumes amounted to 11,800 tons, increasing by 20.6% year-on-y...

Total investment in the project will amount to $5.8 billion South Korea’s Hyundai Steel said its affiliate Hyundai-POSCO Louisiana LLC plans to raise $2.9 billion in capital to invest in steel mill facilities in the US. This is stated in a regulatory filing submitted by the steelmaker, Reuters reports. Last year, Hyundai Steel and its parent company Hyundai Motor announced investments in the construction of a steel plant in Louisiana with an annual capacity of 2.7 million tons. Hyundai Motor Group also signed a memorandum of understanding with POSCO Holdings to cooperate on this project. Hyundai Steel plans to finance the total investment of $5.8 billion with $2.9 billion of its own capital and the same amount of external borrowing. The announcement, submitted to South Korea’s Financial Supervisory Service, allows the company to ...

Demand for steel in Romania will face serious challenges in 2026 Romania has low per capita steel consumption compared to the industrially developed countries of the European Union. This indicates significant potential for the local market, which has been stagnant in recent years. Even post-COVID government economic stimulus programs have not led to a surge in steel demand in 2021–2022, unlike in Poland, Italy, Germany, Turkey, and a number of other countries. The situation may deteriorate significantly in 2026. Market profile Importers are gradually taking over the Romanian steel market amid problems faced by local producers. First and foremost is the Galati steelworks, the only flat steel producer owned by the British company Liberty Steel Group. The financial difficulties of the parent company GFG Alliance led to months of downtime at the Liberty ...

The projects are expected to improve the region's industrial ecosystem   Indian steelmaker Tata Steel and the government of Jharkhand signed a letter of intent and memorandum of understanding at the World Economic Forum in Davos to invest more than 11.1 billion rupees ($1.2 billion) in cutting-edge green steel technology in the region. This was reported by The Statesman. The proposed investments include the introduction of advanced iron production technologies such as HISARNA and EASyMelt. The former allows the use of local coal and low-grade iron ore, while significantly reducing carbon emissions in combination with carbon capture systems. Following successful pilot tests in the Netherlands, Tata Steel plans to build an industrial facility with a capacity of about 1 million tons per year in Jamshedpur by 2030. EASyMelt technology, the fir...

Imports fell by 11% last year China increased its steel exports by 7.5% year-on-year in 2025 to a record 119.02 million tons, according to the China Iron and Steel Association (CISA), citing customs data. In December, Chinese metallurgists exported 11.3 million tons of steel, which is 13.2% more than in the previous month. The average price of these exports was 679.7/ton (-2.3% month-on-month). Steel imports to the country in January-December 2025 amounted to 6.06 million tons, down 11.1% year-on-year. In December, the figure was 517 thousand tons (+4.2% month-on-month). The average price of these imports was $1,810.3/t (+11% month-on-month). At the same time, China increased its ore imports by 1.8% year-on-year last year to 1.26 billion tons. These volumes have been growing for the third year in a row. In December, the figure was 119.64 million tons, w...

The Ministry of Trade has published preliminary rates for producers from Algeria, Egypt, and Vietnam The US has set preliminary countervailing duties (CVD) for rebar producers from Algeria, Egypt, and Vietnam—the three largest suppliers of this product to the country before the tariffs were introduced in March 2025. This was reported by Argus Media. The US Department of Commerce has confirmed the following countervailing duty rates (for all steel producers from the countries listed) Vietnam – 1.08%, Egypt – 29.51%, Algeria – 72.94%. Compensation and anti-dumping investigations into rebar from these three countries, as well as Bulgaria, were launched in June last year by the US Department of Commerce and the International Trade Administration (ITA). The review period is 2024. Egypt was the largest source of import...