Total steel imports for the month fell by 0.6% m/m According to data from the American Iron and Steel Institute (AISI), US steelmakers increased their imports of rolled steel by 1.3% month-on-month – to 1.68 million tonnes in July 2025. Total steel imports (rolled products and semi-finished products) for the month fell by 0.6% m/m – to 2.24 million tons. The largest volume of imports was accounted for by products for the oil industry – 172,150 tons (+16.6% month-on-month), hot-dip galvanized rolled products – 154,480 tons (+5.6% month-on-month), tinplate – 136.38 thousand tons (+25.2% m/m), cold-rolled coil – 135.13 thousand tons (+10.7% m/m). Finished products accounted for 75.3% of total imports for the month. In January-July, the US reduced its imports of rolled products by 8.9% compared to the same period in 2024, to ...

Steel production in 70 producing countries amounted to 150.1 million tons for the month Global steel production in July 2025 fell by 1.3% compared to the same month in 2024, to 150.1 million tons. Compared to the previous month, the figure decreased by 0.8%. This is evidenced by the global ranking of steel-producing countries (70) by the World Steel Association. Total steel production in the CIS countries + Ukraine decreased by 5.1% y/y for the month and remained at the June level of 6.7 million tons, in particular in Ukraine, it decreased by 18.1% y/y and 6.6% m/m, to 580.5 thousand tons. According to World Steel, the top ten steel-producing countries in July were: China – 79.7 million tons (-4% y/y); India – 14 million tons (+14%); USA – 7.1 million tons (+4.8%); Japan – 6.9 million tons (-2.5%); Russia – 5.7 million tons (-2...

Ill-conceived public policy has created obstacles to the green transition The UK economy is steadily moving towards zero CO2 emissions. Against this background, its steel industry looks like a clear outsider. However, this is not the fault of local steel companies. The rules of the game are dictated by the state. That is why the British case looks like an example of how NOT to decarbonize the steel industry. A problematic transition Last year was a historic year in the British energy industry. At the end of September, the Ratcliffe-on-Soar power station in Nottingham – the last coal-fired thermal power station in the country – closed. Wind for the first time became the largest source of electricity (ee) generation, with its share in the energy mix growing by 2% year-on-year. This means that steel companies can significantly reduce greenhouse gas emissi...

High logistics costs in addition to rising energy prices and tariffs lead to losses for companies in the industry The importance of logistics for Ukrainian steel industry in the current conditions is that the production activity of enterprises depends on the openness of key routes. Steel companies are not ready in the current conditions to work «for a warehouse». In addition, logistics is now one of the largest components in the price of finished products, so the cost of transportation costs is taken into account when deciding on the economic feasibility of exports and production in general. That is why steel companies now more than ever are fighting for every dollar of production cost and are looking for opportunities to optimize logistics costs and routes. GMK Center tells about the current situation in the iron and steel cargo transportation sector. Situation in...

The postponement was the expected outcome of the latest round of negotiations in Stockholm The United States and China on August 11 extended their tariff truce by another 90 days, deferring triple-digit duties on each other’s imports. Reuters reports. U.S. President Donald Trump announced on his Truth Social platform that he had signed an order suspending the introduction of higher tariffs until November 10, while all other elements of the truce remain in effect. On the morning of August 12, the Ministry of Commerce of China announced a parallel pause in the application of additional duties. The extension of the truce prevents U.S. tariffs on Chinese goods from rising to 145%, while Beijing’s tariffs on U.S. products were set to reach 125%. Such rates would have effectively resulted in a trade embargo between the countries. The new...

The company announces a price increase for the second consecutive month Baoshan Iron & Steel (Baosteel), a subsidiary of China Baowu Steel Group, is increasing its prices for hot-rolled coil (HRC) by 200 yuan per tonne ($27.8/t) for domestic sales in September. This was reported by Kallanish. The company is announcing a hike in its list prices for HRC for the second consecutive month. Baosteel raised them by 100 yuan/t for local sales in August. The same increase – 200 yuan per tonne ($27.8/t) – applies to plate. In addition, higher prices were announced for hot-dip galvanized coil and cold-rolled steel – they rose by 300 yuan/t ($42/t). According to market analysts, Baosteel’s price adjustment reflects expectations of an imminent end to the off-season, when consuming companies will begin to accumulate stock. For four consecutive...